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Forex Speculators raised US Dollar Index bets while Euro, Yen, Aussie, Kiwi bets go more bearish

October 13, 2018 – By CountingPips.comGet our weekly COT Reports by Email

US Dollar Index speculator positions are at highest level since May 2nd of 2017

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators once again raised their bullish bets for the US Dollar Index while betting against many of the major currencies and increasing their bearish positions.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 37,709 contracts in the data reported through Tuesday October 9th. This was a weekly boost of 673 contracts from the previous week which had a total of 37,036 net contracts.

The speculative position in the USD Index has risen for two straight weeks and for the twenty-third time out of the past twenty-five weeks. The current standing is at the highest bullish level since May 2nd of 2017 when the net position totaled 40,020 contracts.


Individual Currencies Data this week:

In the individual currency contracts data, we did not see any substantial changes (+ or – 10,000 contracts) in the speculators category this week but we did have some notable levels hit by some of the major currencies.

Euro bets dropped rather sharply for a 2nd straight week and are in bearish territory for a second conseuctive week. Euro spec positions have gone from a position of over +100,000 contracts in late May to a total of -16,142 contracts this week.

Japanese yen positions fell for the sixth consecutive week. The yen position is above the -110,000 net contract level for a second straight week and is now at the highest bearish standing since February 13th.

Australian dollar positions declined for the fourth time out of the past five weeks. The current standing for the Aussie spec bets is now at the most bearish level since March 10th of 2015 when the net position equaled -76,851 contracts.

New Zealand “kiwi” dollar speculator bearish bets advanced this week after two weeks of small declines. The rise in bearish positions has now put the current standing at the most bearish level on record (our data going back to 1999) at above -33,000 net contracts.

Overall, the currencies that improved this week were the US Dollar Index (673 weekly change in contracts), Swiss franc (599 contracts), Canadian dollar (6,339 contracts) and the Mexican peso (620 contracts).

The currencies whose speculative bets decreased this week were the euro (-9,041 weekly change in contracts), British pound sterling (-1,167 contracts), Japanese yen (-1,155 contracts), Australian dollar (-1,566 contracts), and the New Zealand dollar (-3,224 contracts).

See the table and individual currency charts below.


Table of Weekly Commercial Traders and Speculators Levels & Changes:

Currency Net Commercials Comms Weekly Chg Net Speculators Specs Weekly Chg
EuroFx -5,438 4,062 -16,142 -9,041
GBP 76,085 -2,580 -60,507 -1,167
JPY 138,202 2,202 -115,201 -1,155
CHF 27,715 4,619 -12,803 599
CAD 8,203 -2,084 -12,145 6,339
AUD 93,869 3,622 -73,284 -1,566
NZD 38,042 2,747 -33,820 -3,224
MXN -78,809 -1,562 74,449 620

 

This latest COT data is through Tuesday 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. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro.

 


Weekly Charts: Large Trader Weekly Positions vs Price

EuroFX:


British Pound Sterling:


Japanese Yen:


Swiss Franc:


Canadian Dollar:


Australian Dollar:


New Zealand Dollar:


Mexican Peso:


*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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).

The Commitment of Traders report is published every Friday by the Commodity Futures Trading Commission (CFTC) and shows futures positions data that was reported as of the previous Tuesday (3 days behind).

Each currency contract is a quote for that currency directly against the U.S. dollar, a net short amount of contracts means that more speculators are betting that currency to fall against the dollar and a net long position expect that currency to rise versus the dollar.

(The charts overlay the forex closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.) See more information and explanation on the weekly COT report from the CFTC website.

Article by CountingPips.com

 

WTI Crude Oil Speculators lowered their bullish bets for 2nd week

October 13, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators dropped their bullish net positions lower in the WTI Crude Oil 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 WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 528,051 contracts in the data reported through Tuesday October 9th. This was a weekly decline of -20,858 contracts from the previous week which had a total of 548,909 net contracts.

The speculative WTI crude position has now fallen for two straight weeks and for four out of the past five weeks. The current standing is at the lowest bullish level since October 31st of 2017 when the net position totaled 502,949 contracts.

WTI Crude Oil Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -568,656 contracts on the week. This was a weekly rise of 14,973 contracts from the total net of -583,629 contracts reported the previous week.

WTI Crude Oil Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the WTI Crude Oil Futures (Front Month) closed at approximately $74.96 which was a drop of $-0.27 from the previous close of $75.23, 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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10-Year Note Speculators sharply cut back on their bearish bets

October 13, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators sharply pulled back on their bearish net positions in the 10-Year Note 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of -622,422 contracts in the data reported through Tuesday October 9th. This was a weekly boost of 117,770 contracts from the previous week which had a total of -740,192 net contracts.

The speculative bearish sentiment declined for the second straight week after surging to an all-time record high bearish level on September 25th at over -750,000 net contracts. This week’s sharp retreat in bearish bets through Tuesday brought the current standing to under -680,000 contracts for the first time in six weeks.

10-Year Note Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 727,351 contracts on the week. This was a weekly loss of -84,973 contracts from the total net of 812,324 contracts reported the previous week.

10-Year Note Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 10-Year Note Futures (Front Month) closed at approximately $117.81 which was a loss of $-1.0 from the previous close of $118.81, 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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Gold Speculators continued to boost their bets deeper into bearish territory

October 13, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators continued to raise their bearish net positions in the Gold 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 Gold futures, traded by large speculators and hedge funds, totaled a net position of -38,175 contracts in the data reported through Tuesday October 9th. This was a weekly decline of -16,353 contracts from the previous week which had a total of -21,822 net contracts.

The bearish speculative position has now increased for four straight weeks and for the fifth time out of the past six weeks. The current standing is now at the most bearish level since April 17th of 2001 when the net position totaled -45,569 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 25,866 contracts on the week. This was a weekly boost of 16,991 contracts from the total net of 8,875 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1191.50 which was a decline of $-15.50 from the previous close of $1207.00, 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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Bitcoin Speculators edged their bearish net positions higher for 2nd week

October 13, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Bitcoin Non-Commercial Speculator Positions:

Large cryptocurrency speculators added to their bearish net positions in the Bitcoin 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 Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,372 contracts in the data reported through Tuesday October 9th. This was a weekly lowering of -75 contracts from the previous week which had a total of -1,297 net contracts.

The speculative bearish bets increased for the second week in a row and for the third time out of the past four weeks.

Meanwhile, the small traders position, which is on the opposite side of this market than the speculators, raised their existing bullish positions this week by an equally offsetting 75 contracts to a current bullish level of 1,372 net contracts.

Bitcoin Futures COT Data is Speculators vs Small Traders

The Bitcoin futures data is in its forty-third week since the start of the cryptocurrency futures data releases on December 19th 2017. The data includes trader classifications of only speculators and small traders and without any commercial traders (typically business hedgers or producers of a commodity).

Speculators started off on the bearish side at the beginning of the bitcoin data releases and have remained there while the small traders have continued to be on the bullish side of this cryptocurrency market.

Bitcoin Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Futures (Front Month) closed at approximately $6580 which was a boost of $70 from the previous close of $6510, 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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S&P500 Mini Speculators had boosted bullish bets earlier in the week before selloff

October 13, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

S&P500 Mini Non-Commercial Speculator Positions:

Large stock market speculators sharply advanced their bullish net positions in the S&P500 Mini 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 S&P500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 255,819 contracts in the data reported through Tuesday October 9th. This was a weekly advance of 27,784 contracts from the previous week which had a total of 228,035 net contracts.

The rise in bullish bets for SP500 Mini this week happened one day before steep selloffs really took hold in the US stock markets. The speculative position gained for the fourth consecutive week through Tuesday and brought the overall standing to the highest level since February 6th when the position totaled 286,214 net contracts. Coincidentally, the high of February 6th also marked the beginning of the sharp February selloff in stocks and breakdowns in low volatility products.

S&P500 Mini Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -274,415 contracts on the week. This was a weekly shortfall of -16,938 contracts from the total net of -257,477 contracts reported the previous week.

S&P500 Mini Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P500 Mini Futures (Front Month) closed at approximately $2888.250 which was a shortfall of $-40.25 from the previous close of $2928.50, 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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VIX Speculators reduced their bearish net positions this week

October 13, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

VIX Non-Commercial Speculator Positions:

Large volatility speculators decreased their bearish net positions in the VIX 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 VIX futures, traded by large speculators and hedge funds, totaled a net position of -113,603 contracts in the data reported through Tuesday October 9th. This was a weekly boost of 26,841 contracts from the previous week which had a total of -140,444 net contracts.

The speculative bearish position fell for the first time in three weeks and has now dipped to the lowest level in six weeks. The VIX spec standing has remained in an overall bearish position for twenty-two straight weeks with the past eleven weeks having a bearish position of at least -100,000 contracts.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 119,901 contracts on the week. This was a weekly loss of -26,858 contracts from the total net of 146,759 contracts reported the previous week.

VIX Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the VIX Futures (Front Month) closed at approximately $15.92 which was an uptick of $1.95 from the previous close of $13.97, 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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Silver Speculators bearish sentiment rose for the 1st time in 5 weeks

October 13, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators increased their bearish net positions in the Silver 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 Silver futures, traded by large speculators and hedge funds, totaled a net position of -22,250 contracts in the data reported through Tuesday October 9th. This was a weekly reduction of -4,752 contracts from the previous week which had a total of -17,498 net contracts.

This week’s increase in bearish bets followed four straight weeks of declining bearish levels. The current standing rose back over the -20,000 net contract level for the fifth time out of the past six weeks.

Silver bets have now been in bearish territory for nine straight weeks dating back to August 14th.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 3,555 contracts on the week. This was a weekly rise of 4,567 contracts from the total net of -1,012 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1440.00 which was a loss of $-29.30 from the previous close of $1469.30, 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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Copper Speculators lowered bullish bets after 3 weeks of gains

October 13, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large metals speculators cut back on their bullish net positions in the Copper 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 Copper futures, traded by large speculators and hedge funds, totaled a net position of 8,247 contracts in the data reported through Tuesday October 9th. This was a weekly lowering of -3,728 contracts from the previous week which had a total of 11,975 net contracts.

This week’s decline in the speculative bullish position was the first pull back in four weeks after the net positioning crossed back into bullish territory on September 25th. The copper spec position has now been in an overall bullish standing for a three straight weeks.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -8,924 contracts on the week. This was a weekly advance of 4,348 contracts from the total net of -13,272 contracts reported the previous week.

Copper Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Copper Futures (Front Month) closed at approximately $280.65 which was a boost of $0.0 from the previous close of $280.65, 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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Forex Speculators edged Dollar Index bets higher, Euro goes bearish, Yen bets drop

By CountingPips.comGet our weekly COT Reports by Email

US Dollar Index Non-Commercial Speculator Positions:

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators slightly added to their bullish bets for the US Dollar Index while sharply betting against the euro and the Japanese yen this week.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 37,036 contracts in the data reported through Tuesday October 2nd. This was a weekly increase of 27 contracts from the previous week which had a total of 37,009 net contracts.

US Dollar Index speculators slightly edged their bets higher this week and have now increased their bets for twenty-two out of the past twenty-four weeks. The current standing is above the +37,000 net contract level for a third straight week and above the +30,000 contract level for a ninth straight week.


Aggregate US Dollar Position goes higher this week

US Dollar net speculator positions rose to $26.68 billion this week

An aggregate measure of the US dollar position – the total of US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc – rose to an overall US dollar net position totaling $26.68 billion as of Tuesday October 2nd, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly rise of $3.51 billion from the $23.17 billion total position that was registered the previous week, according to the Reuters calculation.

The aggregate dollar position has now risen for three straight weeks and by a total of $7.52 billion over that span. The current level is at the highest standing since December 13th of 2016 when the aggregate totaled $28.01 billion.


Individual Currencies Data this week:

In the individual currency contracts data, we saw three substantial changes (+ or – 10,000 contracts) in the speculators category.

Euro speculators pushed their net position back into bearish territory this week as bets fell by -10,797 contracts. This is the first bearish standing for the euro since the end of August.

Japanese yen speculators boosted their bearish bets for the fifth straight week and by over -20,000 bets for the second straight week. The current standing for the yen has now fallen to the most bearish level since February 13th of this year when the net position totaled -115,509 contracts

Mexican peso bullish bets continued their upward trajectory and rose by over +20,000 contracts this week – the third straight week of at least +10,000 contract gains. The current net position overall has increased for four straight weeks and is at the highest bullish level since May 8th

The major currencies that improved this week were the British pound sterling (7,738 weekly change in contracts), US Dollar Index (27 contracts), Swiss franc (2,681 contracts), Canadian dollar (1,048 contracts), Australian dollar (343 contracts), New Zealand dollar (1,239 contracts) and the Mexican peso (22,431 contracts).

The currencies whose speculative bets declined this week were the euro (-10,797 weekly change in contracts) and the Japanese yen (-29,327 contracts).

See the table and individual currency charts below.


Table of Weekly Commercial Traders and Speculators Levels & Changes:

Currency Net Commercials Comms Weekly Chg Net Speculators Specs Weekly Chg
EuroFx -9,500 27,230 -7,101 -10,797
GBP 78,665 -9,762 -59,340 7,738
JPY 136,000 22,843 -114,046 -29,327
CHF 23,096 1,573 -13,402 2,681
CAD 10,287 -6,244 -18,484 1,048
AUD 90,247 -3,264 -71,718 343
NZD 35,295 -231 -30,596 1,239
MXN -77,247 -21,611 73,829 22,431

 

This latest COT data is through Tuesday 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. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro.

 


Weekly Charts: Large Trader Weekly Positions vs Price

EuroFX:


British Pound Sterling:


Japanese Yen:


Swiss Franc:


Canadian Dollar:


Australian Dollar:


New Zealand Dollar:


Mexican Peso:


*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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).

The Commitment of Traders report is published every Friday by the Commodity Futures Trading Commission (CFTC) and shows futures positions data that was reported as of the previous Tuesday (3 days behind).

Each currency contract is a quote for that currency directly against the U.S. dollar, a net short amount of contracts means that more speculators are betting that currency to fall against the dollar and a net long position expect that currency to rise versus the dollar.

(The charts overlay the forex closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.) See more information and explanation on the weekly COT report from the CFTC website.

Article by CountingPips.com