Eurodollar Speculators increased their bearish net positions for 2nd week

September 8, 2018

Sept. 8th 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Eurodollar Non-Commercial Speculator Positions:

Large interest rate speculators raised their bearish net positions in the Eurodollar futures markets for a second straight week 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 -2,981,708 contracts in the data reported through Tuesday September 4th. This was a weekly fall of -21,164 contracts from the previous week which had a total of -2,960,544 net contracts.

The overall bearish speculator position had fallen for six straight weeks before rising over the past two weeks. The current standing remains below the -3,000,000 net contract level for a fourth straight week while the Eurodollar spec position has continued to be in a bearish position for the one hundred and fourteenth 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 3,654,477 contracts on the week. This was a weekly gain of 71,463 contracts from the total net of 3,583,014 contracts reported the previous week.

ED Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $97.015 which was a boost of $0.005 from the previous close of $97.01, 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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