Eurodollar Speculators decreased bearish bets for 5th week

August 11, 2018

August 11, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Eurodollar Non-Commercial Speculator Positions:

Large speculators cut back on their bearish net positions in the Eurodollar futures markets again 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 -3,085,784 contracts in the data reported through Tuesday August 7th. This was a weekly advance of 21,722 contracts from the previous week which had a total of -3,107,506 net contracts.

The speculative bearish position in Eurodollar futures fell for a fifth consecutive week and for the eighth time out of the past ten weeks. The overall net bearish standing is now at the lowest level since June 26th but does remain above the -3,000,000 net contract level for a sixth straight week.


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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 3,780,039 contracts on the week. This was a weekly decrease of -34,804 contracts from the total net of 3,814,843 contracts reported the previous week.

ED Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $96.94 which was unchanged from the previous close of $96.94, 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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