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Speculators trim US Dollar Index bets, push Japanese Yen bullish bets higher

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US Dollar Index Speculator Positions

Large currency speculators cut back on their bullish bets in the US Dollar Index 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 29,842 contracts in the data reported through Tuesday August 13th. This was a weekly lowering of -1,487 contracts from the previous week which had a total of 31,329 net contracts.

This week’s net position was the result of the gross bullish position (longs) falling by -1,457 contracts (to a weekly total of 47,874 contracts) compared to the gross bearish position (shorts) which rose by 30 contracts on the week (to a total of 18,032 contracts).

Large speculators cooled off on their bullish bets for the USD Index this week following six straight weeks of gains. The current speculative position remains strongly bullish but has fallen below the +30,000 net contract level for the first time in three weeks.


Individual Currencies Data this week:

In the other major currency contracts data, we saw just one substantial change (+ or – 10,000 contracts) in the speculators category this week.

Japanese yen positions rose for a fourth straight week and by over +14,000 net contracts for a second straight week. Yen positions turned from overall bearish to bullish just last week and are now at the most bullish level since November 8th of 2016 (a span of 144 weeks).

Overall, the major currencies that saw improving speculator positions this week were the British pound sterling (6,882 contracts), Japanese yen (14,181 contracts) and the Swiss franc (3,479 contracts).

The currencies whose speculative bets declined this week were the US dollar index (-1,487 weekly change in contracts), euro (-2,639 weekly change in contracts), Canadian dollar (-9,966 contracts), Australian dollar (-7,401 contracts), New Zealand dollar (-1,883 contracts) and the Mexican peso (-4,507 contracts).


Chart: Current Strength of Each Currency compared to their 3-Year Range

See the table and individual currency charts below.


Table of Large Speculator Levels & Weekly Changes:

Currency Net Speculator Position Specs Weekly Change
USD Index 29,842 -1,487
EuroFx -46,649 -2,639
GBP -95,820 6,882
JPY 24,742 14,181
CHF -12,952 3,479
CAD 14,200 -9,966
AUD -62,912 -7,401
NZD -13,447 -1,883
MXN 117,562 -4,507

 

This latest COT data is through Tuesday and shows a quick view of how large speculators or non-commercials (for-profit traders) 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:

The Euro large speculator standing this week reached a net position of -46,649 contracts in the data reported through Tuesday. This was a weekly lowering of -2,639 contracts from the previous week which had a total of -44,010 net contracts.


British Pound Sterling:

The large British pound sterling speculator level totaled a net position of -95,820 contracts in the data reported this week. This was a weekly gain of 6,882 contracts from the previous week which had a total of -102,702 net contracts.


Japanese Yen:

Large Japanese yen speculators reached a net position of 24,742 contracts in this week’s data. This was a weekly increase of 14,181 contracts from the previous week which had a total of 10,561 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week was a net position of -12,952 contracts in the data through Tuesday. This was a weekly increase of 3,479 contracts from the previous week which had a total of -16,431 net contracts.


Canadian Dollar:

Canadian dollar speculators equaled a net position of 14,200 contracts this week. This was a decrease of -9,966 contracts from the previous week which had a total of 24,166 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures reached a net position of -62,912 contracts this week in the data ending Tuesday. This was a weekly decrease of -7,401 contracts from the previous week which had a total of -55,511 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing reached a net position of -13,447 contracts this week in the latest COT data. This was a weekly fall of -1,883 contracts from the previous week which had a total of -11,564 net contracts.


Mexican Peso:

Mexican peso speculators reached a net position of 117,562 contracts this week. This was a weekly fall of -4,507 contracts from the previous week which had a total of 122,069 net contracts.


Article By CountingPips.comReceive our weekly COT Reports by Email

*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) 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).

WTI Crude Oil Speculators pushed their bullish bets slightly higher this week

August 18th – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators lifted their bullish net positions 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 382,144 contracts in the data reported through Tuesday August 13th. This was a weekly rise of 6,503 net contracts from the previous week which had a total of 375,641 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 6,116 contracts (to a weekly total of 547,040 contracts) while the gross bearish position (shorts) fell by -387 contracts for the week (to a total of 164,896 contracts).

The large speculators had trimmed their bullish positions in the previous three weeks before this week’s turnaround. The current position, although bullish, remains under the +400,000 net contract level for a fourth straight week.

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 -371,534 contracts on the week. This was a weekly boost of 2,555 contracts from the total net of -374,089 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 $57.10 which was a rise of $3.47 from the previous close of $53.63, 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 added to their bearish bets for 5th week

August 18th – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators once again increased 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 -414,346 contracts in the data reported through Tuesday August 13th. This was a weekly change of -23,460 net contracts from the previous week which had a total of -390,886 net contracts.

The week’s net position was the result of the gross bullish position (longs) lowering by -23,062 contracts (to a weekly total of 635,384 contracts) while the gross bearish position (shorts) increased by just 398 contracts for the week (to a total of 1,049,730 contracts).

The large speculators kept on raising their bearish bets for a fifth straight week this week and by a total of -125,510 contracts over that time-frame. Speculators have been consistently bearish on the 10-year note all year and continue to bet against the price trend of the 10-year note. The price has sharply risen higher since November while the 10-year yield has fallen to approximately 1.55 percent.

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 331,680 contracts on the week. This was a weekly increase of 10,267 contracts from the total net of 321,413 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 $130.42 which was an increase of $0.10 from the previous close of $130.31, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

Gold Speculators edged their bullish bets lower this week

August 18th – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators slightly lowered their bullish net positions in the Gold futures markets this week after a streak of strong gains, 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 290,090 contracts in the data reported through Tuesday August 13th. This was a weekly decrease of -2,455 net contracts from the previous week which had a total of 292,545 net contracts.

The week’s net position was the result of the gross bullish position (longs) sliding by -4,335 contracts (to a weekly total of 346,223 contracts) while the gross bearish position (shorts) declined by -1,880 contracts for the week (to a total of 56,133 contracts).

Gold speculators took their foot off the gas pedal this week after having risen for nine out of the previous ten weeks and by a total of +205,857 contracts over that period. Overall, the speculator bets continue to be in a very strong bullish position and just below the +300,000 net contract level which has not been reached since June of 2016.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -323,727 contracts on the week. This was a weekly uptick of 598 contracts from the total net of -324,325 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 $1514.10 which was a rise of $29.9 from the previous close of $1484.20, 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 reduced their bullish bets for a 2nd week

August 18th – By CountingPips.comReceive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators cut back on their bullish net positions in the Silver 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 Silver futures, traded by large speculators and hedge funds, totaled a net position of 39,269 contracts in the data reported through Tuesday August 13th. This was a weekly lowering of -10,563 net contracts from the previous week which had a total of 49,832 net contracts.

The week’s net position was the result of the gross bullish position (longs) declining by -8,514 contracts (to a weekly total of 97,520 contracts) while the gross bearish position (shorts) increased by 2,049 contracts for the week (to a total of 58,251 contracts).

Large speculator positions declined for a second straight week by over -10,000 net contracts. Silver bets had been on a strong run-up in the previous months as positions had risen for seven out of the previous nine weeks (a total gain of +86,706 net contracts) before the recent slide. Silver positions continue to have strong bullish sentiment and have now been in bullish territory for ten straight weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -65,233 contracts on the week. This was a weekly uptick of 10,033 contracts from the total net of -75,266 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 $1698.50 which was a gain of $54.0 from the previous close of $1644.50, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

Copper Speculators trim bearish bets after last week’s surge

August 18th – By CountingPips.comReceive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators cut back on their bearish net positions in the Copper futures markets this week following a large gain in bearish positions last 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 -53,600 contracts in the data reported through Tuesday August 13th. This was a weekly change of 4,849 net contracts from the previous week which had a total of -58,449 net contracts.

The week’s net position was the result of the gross bullish position (longs) lowering by -2,926 contracts (to a weekly total of 76,207 contracts) while the gross bearish position (shorts) dropped by a greater amount of -7,775 contracts for the week (to a total of 129,807 contracts).

The decline in bearish bets this week comes after a sharp rise to a new record high bearish position last week at a total of -58,449 net contracts. The previous bearish record had been a total of -44,811 contracts on June 14th of 2016.

The current standing remains highly bearish above the -50,000 contract level for a second straight week. Copper has now been in a bearish overall level for sixteen 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 53,324 contracts on the week. This was a weekly decrease of -3,643 contracts from the total net of 56,967 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 $263.00 which was a boost of $7.25 from the previous close of $255.75, 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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US Dollar Index Speculators raised bullish bets for 6th week. Yen bets go bullish

August 10th – By CountingPips.comReceive our weekly COT Reports by Email

US Dollar Index Speculator Positions

Large currency speculators continued to increase their bullish positions in the US Dollar Index futures markets this week while Japanese yen bets popped into an overall bullish position, 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 31,329 contracts in the data reported through Tuesday August 6th. This was a weekly lift of 1,046 contracts from the previous week which had a total of 30,283 net contracts.

This week’s net position was the result of the gross bullish position (longs) going up by just 26 contracts (to a weekly total of 49,331 contracts) but was helped out by the gross bearish position (shorts) which decreased by -1,020 contracts on the week (to a total of 18,002 contracts).

Speculators boosted their bullish bets for the sixth straight week and for the ninth time out of the past twelve weeks. The current standing for USD Index speculators is above the +30,000 net contract threshold for a second straight week and is at the most bullish level since March 12th.


Individual Currencies Data this week: (Also See Charts Below)

In the other major currency contracts data, we saw two substantial changes (+ or – 10,000 contracts) in the speculators category this week.

Japanese Yen positions rose this week (+14,779 contracts) for a 3rd straight week and went from an overall bearish position into a bullish position for the first time since June 12th of 2018 (a span of 60 weeks). The yen has been receiving growing positive sentiment in recent months due to its safe haven status and now joins the US Dollar Index, Mexican peso and the Canadian dollar with overall bullish speculator positions.

British pound sterling positions went further bearish (-12,552 contracts) for an eighth straight week and for the eleventh time out of the past twelve weeks. Speculators have added -99,384 contracts to their bearish positions in just the past twelve weeks as sentiment for the GBP has crumbled. The current standing is now at the most bearish level since April 11th of 2017 when the net position totaled -105,901 contracts.

Overall, the major currencies that saw improving speculator positions this week were the US dollar index (1,046 weekly change in contracts), Euro (9,973 weekly change in contracts), Japanese yen (14,779 contracts), Canadian dollar (2,444 contracts) and the New Zealand dollar (755 contracts).

The currencies whose speculative bets declined this week were the British pound sterling (-12,552 contracts), Swiss franc (-1,943 contracts), Australian dollar (-2,069 contracts) and the Mexican peso (-6,199 contracts).


Current Strength of Each Currency compared to their 3-Year Range

See the table and individual currency charts below.


Table of Large Speculator Levels & Weekly Changes:

Currency Net Speculator Position Specs Weekly Change
USD Index 31,329 1,046
EuroFx -44,010 9,973
GBP -102,702 -12,552
JPY 10,561 14,779
CHF -16,431 -1,943
CAD 24,166 2,444
AUD -55,511 -2,069
NZD -11,564 755
MXN 122,069 -6,199

 

This latest COT data is through Tuesday and shows a quick view of how large speculators or non-commercials (for-profit traders) 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:

The Euro large speculator standing this week resulted in a net position of -44,010 contracts in the data reported through Tuesday. This was a weekly lift of 9,973 contracts from the previous week which had a total of -53,983 net contracts.


British Pound Sterling:

The large British pound sterling speculator level came in at a net position of -102,702 contracts in the data reported this week. This was a weekly lowering of -12,552 contracts from the previous week which had a total of -90,150 net contracts.


Japanese Yen:

Large Japanese yen speculators recorded a net position of 10,561 contracts in this week’s data. This was a weekly rise of 14,779 contracts from the previous week which had a total of -4,218 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week came in at a net position of -16,431 contracts in the data through Tuesday. This was a weekly reduction of -1,943 contracts from the previous week which had a total of -14,488 net contracts.


Canadian Dollar:

Canadian dollar speculators reached a net position of 24,166 contracts this week. This was a lift of 2,444 contracts from the previous week which had a total of 21,722 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures was a net position of -55,511 contracts this week in the data ending Tuesday. This was a weekly decline of -2,069 contracts from the previous week which had a total of -53,442 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing equaled a net position of -11,564 contracts this week in the latest COT data. This was a weekly rise of 755 contracts from the previous week which had a total of -12,319 net contracts.


Mexican Peso:

Mexican peso speculators resulted in a net position of 122,069 contracts this week. This was a weekly reduction of -6,199 contracts from the previous week which had a total of 128,268 net contracts.


Article By CountingPips.comReceive our weekly COT Reports by Email

*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) 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).

 

WTI Crude Oil Speculators reduced their bullish bets for 3rd week

August 10th – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators cut back on their bullish net positions 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 375,641 contracts in the data reported through Tuesday August 6th. This was a weekly decrease of -11,650 net contracts from the previous week which had a total of 387,291 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by just 686 contracts (to a weekly total of 540,924 contracts) while the gross bearish position (shorts) rose by 12,336 contracts on the week (to a total of 165,283 contracts).

Speculative bullish positions declined for a third straight week this week and for the fourth time in the past five weeks. The crude oil position remains bullish but has fallen under the average position for 2019 (+401,007 contracts) for a third straight week.

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 -374,089 contracts on the week. This was a weekly rise of 12,978 contracts from the total net of -387,067 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 $53.63 which was a drop of $-4.42 from the previous close of $58.05, 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 continued to raise their bearish bets for 4th week

August 10th – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators raised their bearish net positions in the 10-Year Note futures markets once 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of -390,886 contracts in the data reported through Tuesday August 6th. This was a weekly change of -7,044 net contracts from the previous week which had a total of -383,842 net contracts.

The week’s net position was the result of the gross bullish position (longs) falling by -34,857 contracts (to a weekly total of 658,446 contracts) which overcame a decline in the gross bearish position (shorts) by -27,813 contracts for the week (to a total of 1,049,332 contracts).

Speculators increased their bearish bets for a fourth straight week and for the fifth time out of the last six weeks (also 15 times out of last 20 weeks). Specs have consistently been bearish on the 10-year note this year and have been consistently on the wrong side of this market as the 10-year note has surged due to safe haven demand and concerns over the economy.

The speculator’s total net position was a total of -188,068 contracts on January 8th (this year’s first release) compared to the current net position of -390,886 contracts on August 6th. Meanwhile, the yield on the 10-year note was as high as 2.75 percent on January 8th (yield up, bond prices down) but has sharply deteriorated since then and currently the yield is sitting at 1.75 percent (yield down, bond prices up) and even reached as low as 1.59 percent earlier this week.

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 321,413 contracts on the week. This was a weekly gain of 9,495 contracts from the total net of 311,918 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 $130.31 which was an uptick of $2.53 from the previous close of $127.78, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

 

Gold Speculators sharply increase bullish bets again, up 9 out of 10 weeks

August 10th – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators continued to raise their bullish net positions higher in the Gold 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 Gold futures, traded by large speculators and hedge funds, totaled a net position of 292,545 contracts in the data reported through Tuesday August 6th. This was a weekly gain of 38,157 net contracts from the previous week which had a total of 254,388 net contracts.

The week’s net position was the result of the gross bullish position (longs) going up by 38,344 contracts (to a weekly total of 350,558 contracts) while the gross bearish position (shorts) edged up by just 187 contracts on the week (to a total of 58,013 contracts).

Gold speculators added to their bullish sentiment for a fourth straight week and for the ninth time out of the past ten weeks. The gold position has now risen by a total of +205,857 net contracts in just the past ten weeks.

The bullish level is currently at the highest standing since September 6th of 2016 when the net position had a total of +307,860 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -324,325 contracts on the week. This was a weekly fall of -36,358 contracts from the total net of -287,967 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 $1484.20 which was an uptick of $54.50 from the previous close of $1429.70, 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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