By CountingPips.com – Receive our weekly COT Reports by Email
US Dollar Index Non-Commercial Speculator Positions:
Large currency speculators trimmed their small bullish net position in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 2,159 contracts in the data reported through Tuesday January 2nd. This was a weekly decline of -299 contracts from the previous week which had a total of 2,458 net contracts.
Speculative positions have now fallen for two straight weeks after turning from bearish to bullish on December 19th. The dollar position is in a small bullish standing for a third straight week after spending five weeks in bearish territory.
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US Dollar Index Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -6,304 contracts on the week. This was a weekly advance of 864 contracts from the total net of -7,168 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the UUP ETF, which tracks the price of US Dollar Index, closed at approximately $23.93 which was a decline of $-0.32 from the previous close of $24.25, according to unofficial market data.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
Article By CountingPips.com – Receive our weekly COT Reports by Email