Eurodollar Speculators decreased their bearish net positions for 4th week

June 9, 2018

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Eurodollar Non-Commercial Speculator Positions:

Large speculators advanced their net positions in the Eurodollar 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 Eurodollar futures, traded by large speculators and hedge funds, totaled a net position of -3,457,388 contracts in the data reported through Tuesday June 5th. This was a weekly gain of 66,036 contracts from the previous week which had a total of -3,523,424 net contracts.

Speculators have continued to decrease the overall bearish net position for a fourth consecutive week and by a total of +582,906 contracts over that time-frame. The current position is at a new least bearish level since February 13th when the net position totaled -3,404,985 contracts.


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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 4,164,669 contracts on the week. This was a weekly decrease of -71,895 contracts from the total net of 4,236,564 contracts reported the previous week.

ED Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $97.04 which was a decline of $-0.26 from the previous close of $97.30, 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).

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