Eurodollar Speculators raised their bearish net positions for 2nd week

May 12, 2018

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Eurodollar Non-Commercial Speculator Positions:

Large speculators increased their bearish net positions in the Eurodollar futures (not euro currency) 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 Eurodollar futures, traded by large speculators and hedge funds, totaled a net position of -4,040,294 contracts in the data reported through Tuesday May 8th. This was a weekly decrease of -88,212 contracts from the previous week which had a total of -3,952,082 net contracts.

Speculators raised their bearish bets for a second straight week and for the sixth out of the past seven weeks. The overall net position went back over the -4,000,000 net contract level for the first time in three weeks.

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Eurodollar Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 4,810,763 contracts on the week. This was a weekly increase of 96,694 contracts from the total net of 4,714,069 contracts reported the previous week.

ED Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $97.0 which was an increase of $0.005 from the previous close of $96.995, 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: (

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