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Speculators trim US Dollar Index bearish bets for 3rd week. Yen & Peso bets fall

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Speculators trim US Dollar Index bearish bets

Large currency speculators trimmed their bearish net positions in the US Dollar Index 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of -4,939 contracts in the data reported through Tuesday July 7th. This was a weekly change of 36 contracts from the previous week which had a total of -4,975 net contracts.

This week’s net position was the result of the gross bullish position (longs) rising by 2,324 contracts (to a weekly total of 12,136 contracts) compared to the gross bearish position (shorts) which saw a larger advance by 2,288 contracts on the week (to a total of 17,075 contracts).

US Dollar Index speculators edged their bearish bets lower for the third straight week following a four-week surge in bearish bets. US Dollar Index net positions had previously dropped sharply from May 26th to June 16th by a total of -22,641 contracts over that period and fell into an overall bearish level for the first time in 110 weeks, dating back to May of 2018. These last three weeks have seen the dollar position improve a little but sentiment remains bearish at a total of -4,939 contracts.


Individual Currencies Data this week: Yen & Peso bets fall

In the other major currency contracts data, the largest changes in the speculators category this week were for the Japanese yen and the Mexican peso.

Japanese yen bullish positions fell this week for a second straight week and for the fourth time in the past six weeks. These decreases have pushed the current standing (+16,812 contracts) to the lowest level since yen bets turned bullish (+8,157 contracts) on March 10th, a span of 18 weeks.

Mexican peso positions decreased for a second straight week and for the third time in the past four weeks. The peso speculator position has remained close to the neutral level (zero contracts) since the onset of the coronavirus in March. Peso positions had a strong bullish year in 2019 and into early 2020 with a record bullish level taking place on January 28th at a total of +170,366 contracts. Since the record, peso positions have dropped by a total of -155,386 contracts and are in a small bullish position this week.

Overall, the major currencies that saw improving speculator positions this week were the US dollar index (36 weekly change in contracts), euro (4,642 weekly change in contracts), British pound sterling (4,582 contracts), Canadian dollar (3,701 contracts) and the Australian dollar (2,214 contracts).

The currencies whose speculative bets declined this week were the Japanese yen (-7,049 contracts), Swiss franc (-560 contracts), New Zealand dollar (-673 contracts) and the Mexican peso (-5,976 contracts).


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

The above chart depicts each currency’s current speculator strength level compared to data of the past 3 years. A score of 0 percent would mean speculator bets are currently at the lowest level of the past three years. A 100 percent score would be at the highest level while a 50 percent score would mean speculator bets are right in the middle of the data (a neutral score). We use above 80 percent (extreme bullish) and below 20 percent (extreme bearish) as extreme score measurements.

Please see the data table and individual currency charts below.


Table of Large Speculator Levels & Weekly Changes:

Currency Net Speculator Position Specs Weekly Change
USD Index -4,939 36
EuroFx 103,597 4,642
GBP -16,408 4,582
JPY 16,812 -7,049
CHF 3,778 -560
CAD -16,818 3,701
AUD -694 2,214
NZD -317 -673
MXN 14,980 -5,976

 

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 equaled a net position of 103,597 contracts in the data reported through Tuesday. This was a weekly increase of 4,642 contracts from the previous week which had a total of 98,955 net contracts.


British Pound Sterling:

The large British pound sterling speculator level recorded a net position of -16,408 contracts in the data reported this week. This was a weekly advance of 4,582 contracts from the previous week which had a total of -20,990 net contracts.


Japanese Yen:

Large Japanese yen speculators came in at a net position of 16,812 contracts in this week’s data. This was a weekly lowering of -7,049 contracts from the previous week which had a total of 23,861 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week reached a net position of 3,778 contracts in the data through Tuesday. This was a weekly reduction of -560 contracts from the previous week which had a total of 4,338 net contracts.


Canadian Dollar:

Canadian dollar speculators came in at a net position of -16,818 contracts this week. This was a rise of 3,701 contracts from the previous week which had a total of -20,519 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures recorded a net position of -694 contracts this week in the data ending Tuesday. This was a weekly rise of 2,214 contracts from the previous week which had a total of -2,908 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing recorded a net position of -317 contracts this week in the latest COT data. This was a weekly lowering of -673 contracts from the previous week which had a total of 356 net contracts.


Mexican Peso:

Mexican peso speculators equaled a net position of 14,980 contracts this week. This was a weekly lowering of -5,976 contracts from the previous week which had a total of 20,956 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 cut back on their bullish bets for 4th time in 5 weeks

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WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators decreased 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 535,317 contracts in the data reported through Tuesday July 7th. This was a weekly drop of -8,509 net contracts from the previous week which had a total of 543,826 net contracts.

The week’s net position was the result of the gross bullish position (longs) sinking by -17,850 contracts (to a weekly total of 686,543 contracts) while the gross bearish position (shorts) dipped by a lesser amount of -9,341 contracts for the week (to a total of 151,226 contracts).

Crude speculators reduced their net positions for a second straight week and for the fourth time in the past five weeks. The decrease in net positions dropped the current standing to the lowest level in the past nine weeks but the overall position remains strongly bullish. The net position has now continued to reside above the +500,000 net contract level for thirteen consecutive weeks which is the best streak (of +500,000 contracts) since a 50-week stretch from October of 2017 to October of 2018.

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 -562,326 contracts on the week. This was a weekly uptick of 8,059 contracts from the total net of -570,385 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 $40.62 which was a boost of $1.35 from the previous close of $39.27, 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 raised their bullish bets for 3rd week to 134-week high

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10-Year Note Non-Commercial Speculator Positions: Speculators raised bets for 3rd week

Large bond speculators added to their bullish net positions in the 10-Year Note 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of 43,187 contracts in the data reported through Tuesday July 7th. This was a weekly gain of 12,172 net contracts from the previous week which had a total of 31,015 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -2,539 contracts (to a weekly total of 779,252 contracts) while the gross bearish position (shorts) declined by a larger amount of -14,711 contracts for the week (to a total of 736,065 contracts).

The 10-Year Note speculators continued to raise their net positions this week for a third straight week and for the sixth time in the past eight weeks. The bullish sentiment has now pushed the bullish position to the highest level since December 12th of 2017, a span of 134 weeks. The turnaround in speculator positions has been pretty remarkable as the net position was as high as -151,487 contracts on May 12th and as high as -251,113 contracts on March 17th before speculators started betting on a rise in the 10-Year Notes.

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 -68,452 contracts on the week. This was a weekly drop of -11,801 contracts from the total net of -56,651 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 $139.20 which was a boost of $0.03 from the previous close of $139.17, 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 raised bullish bets for 4th week to 15-week high

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Gold Non-Commercial Speculator Positions:

Large precious metals speculators continued to increase their bullish net positions 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 267,358 contracts in the data reported through Tuesday July 7th. This was a weekly gain of 688 net contracts from the previous week which had a total of 266,670 net contracts.

The week’s net position was the result of the gross bullish position (longs) growing by 8,088 contracts (to a weekly total of 337,030 contracts) while the gross bearish position (shorts) rose by 7,400 contracts for the week (to a total of 69,672 contracts).

Gold speculative positions edged higher again this week for a fourth straight week after a long stretch of declining speculator sentiment. Gold bets have now risen by +58,745 contracts in these past four weeks. Previously, gold positions had climbed to a record high position of +353,649 contracts on February 18th but then spec sentiment dropped sharply over the next sixteen weeks with a total of -145,036 contracts coming off the net position to a total of +208,613 contracts. The bullishness of these past four weeks has now pushed the overall level to the most bullish point of the past fifteen weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -302,592 contracts on the week. This was a weekly drop of -1,129 contracts from the total net of -301,463 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 $1809.90 which was a gain of $9.40 from the previous close of $1800.50, 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

VIX Speculators boosted their bearish bets to 16-week high

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VIX Non-Commercial Speculator Positions:

Large volatility speculators increased their bearish net positions in the VIX 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 VIX futures, traded by large speculators and hedge funds, totaled a net position of -78,456 contracts in the data reported through Tuesday July 7th. This was a weekly change of -7,045 net contracts from the previous week which had a total of -71,411 net contracts.

The week’s net position was the result of the gross bullish position (longs) ascending by 7,074 contracts (to a weekly total of 50,528 contracts) while the gross bearish position (shorts) jumped by 14,119 contracts for the week (to a total of 128,984 contracts).

VIX speculators continued to raise their bearish bets for a third straight week and for the sixth time in the past seven weeks. These gains have now pushed the bearish speculator standing to the highest level in the past sixteen weeks at almost -80,000 contracts. The speculator position is now above the 2020 weekly average of -72,614 contracts as sentiment for a lower VIX price grows.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 87,006 contracts on the week. This was a weekly uptick of 11,096 contracts from the total net of 75,910 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 $30.64 which was a loss of $-0.15 from the previous close of $30.79, 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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Speculators edged US Dollar bearish bets lower while Euro bets dropped last week

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US Dollar Index Speculator Positions

Large currency speculators slightly reduced their bearish net positions in the US Dollar Index futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday due to the July 4th holiday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of -4,975 contracts in the data reported through Tuesday June 30th. This was a weekly change of 339 contracts from the previous week which had a total of -5,314 net contracts.

Last week’s net position was the result of the gross bullish position (longs) tumbling by -1,841 contracts (to a weekly total of 9,812 contracts) compared to the gross bearish position (shorts) which saw a reduction by -2,180 contracts on the week (to a total of 14,787 contracts).

The US Dollar Index speculators slightly cut back on their bearish bets for a second straight week last week. Previously, speculator sentiment had declined for four straight weeks from May 26th to June 16th as positions dropped by a total of -22,641 contracts over that time-frame. That sharp drop in sentiment pushed the dollar standing into bearish territory for the first time in 110 weeks, dating back to May of 2018. Currently, the dollar position remains in a small bearish level for a third straight week at just under -5,000 contracts.


Individual Currencies Data this week: Euro bets dropped by almost -20K bets

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

Euro speculator positions dropped sharply last week by almost -20,000 contracts. The euro position had previously risen for five straight weeks and by a total of +45,886 contracts in that period before last week’s setback. The sentiment for the euro has surged since March as speculator positions went from a total of -12,667 contracts on March 10th to a total of +98,955 contracts as of last Tuesday. The EURUSD exchange rate has not fared quite as well but has recently seen better levels with the EURUSD trading as high as the 1.1400 level in June and residing above 1.13 to start this week.

Overall, the major currencies that saw improving speculator positions last week were the US dollar index (339 weekly change in contracts), Swiss franc (2,890 contracts), Canadian dollar (315 contracts), Australian dollar (1,902 contracts) and the New Zealand dollar (371 contracts).

The currencies whose speculative bets declined last week were the euro (-19,493 weekly change in contracts), British pound sterling (-2,474 contracts), Japanese yen (-3,597 contracts) and the Mexican peso (-2,222 contracts).


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

The above chart depicts each currency’s current speculator strength level compared to data of the past 3 years. A score of 0 percent would mean speculator bets are currently at the lowest level of the past three years. A 100 percent score would be at the highest level while a 50 percent score would mean speculator bets are right in the middle of the data (a neutral score). We use above 80 percent (extreme bullish) and below 20 percent (extreme bearish) as extreme score measurements.

Please see the data table and individual currency charts below.


Table of Large Speculator Levels & Weekly Changes: Through June 30th

Currency Net Speculator Position Specs Weekly Change
USD Index -4,975 339
EuroFx 98,955 -19,493
GBP -20,990 -2,474
JPY 23,861 -3,597
CHF 4,338 2,890
CAD -20,519 315
AUD -2,908 1,902
NZD 356 371
MXN 20,956 -2,222

 

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 last week recorded a net position of 98,955 contracts in the data reported through Tuesday. This was a weekly reduction of -19,493 contracts from the previous week which had a total of 118,448 net contracts.


British Pound Sterling:

The large British pound sterling speculator level equaled a net position of -20,990 contracts in the data reported last week. This was a weekly lowering of -2,474 contracts from the previous week which had a total of -18,516 net contracts.


Japanese Yen:

Large Japanese yen speculators came in at a net position of 23,861 contracts in last week’s data. This was a weekly decline of -3,597 contracts from the previous week which had a total of 27,458 net contracts.


Swiss Franc:

The Swiss franc speculator standing last week equaled a net position of 4,338 contracts in the data through Tuesday. This was a weekly gain of 2,890 contracts from the previous week which had a total of 1,448 net contracts.


Canadian Dollar:

Canadian dollar speculators totaled a net position of -20,519 contracts last week. This was a lift of 315 contracts from the previous week which had a total of -20,834 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures resulted in a net position of -2,908 contracts last week in the data ending Tuesday. This was a weekly boost of 1,902 contracts from the previous week which had a total of -4,810 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing recorded a net position of 356 contracts last week in the latest COT data. This was a weekly boost of 371 contracts from the previous week which had a total of -15 net contracts.


Mexican Peso:

Mexican peso speculators recorded a net position of 20,956 contracts last week. This was a weekly reduction of -2,222 contracts from the previous week which had a total of 23,178 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).

Speculators edge US Dollar bets up after 4 down weeks. Yen & Euro bets rise.

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US Dollar Index Speculators edge US Dollar bets up

Large currency speculators halted the slide in their US Dollar Index positions this week after pushing USD positions into bearish territory 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of -5,314 contracts in the data reported through Tuesday June 23rd. This was a weekly change of +30 contracts from the previous week which had a total of -5,344 net contracts.

This week’s net position was the result of the gross bullish position (longs) gaining by 857 contracts (to a weekly total of 11,653 contracts) compared to the gross bearish position (shorts) which rose by 827 contracts on the week (to a total of 16,967 contracts).

US Dollar Index speculators very slightly trimmed their bearish positions this week following a recent strong downtrend. The USD Index speculator bets had declined in each of the previous four weeks and by a total of -22,641 contracts over that period. These declines pushed the USD Index speculator position into bearish territory for the first time since May of 2018. The USD Index remains in short or bearish territory this week for a second straight week at just over -5,000 contracts.


Individual Currencies Data this week: Euro, Yen & Kiwi bets rise

In the other major currency contracts data, we saw most of the individual currency contracts rise in the speculators category this week.

Japanese yen speculators raised their bullish bets this week for a second straight week and for the third time in the past five weeks. Overall, yen bets have now risen in ten out of the past sixteen weeks after bets turned from bearish to bullish on March 10th.

Euro speculator positions continued to see higher levels this week and rose for a fifth consecutive week. These recent gains have pushed the current standing (+118,448 contracts) to the highest level since May 8th of 2018 when net positions totaled +120,505 contracts. Amazingly, the euro net position was in negative territory just sixteen weeks ago on March 10th before bullish bets rose in twelve of the next fifteen weeks.

New Zealand dollar speculator positions improved for the sixth consecutive week this week and net positions have risen by a total of +15,863 contracts in this period. These recent gains have brought the overall speculator standing to the best level (currently at just -15 contracts this week) since contracts were net bullish on January 28th.

Overall, the major currencies that saw improving speculator positions this week were the US dollar index (30 weekly change in contracts), euro (1,316 contracts), Japanese yen (5,348 contracts), Canadian dollar (4,652 contracts), Australian dollar (1,722 contracts), New Zealand dollar (1,917 contracts) and the Mexican peso (1,072 contracts)..

The currencies whose speculative bets declined this week were the British pound sterling (-2,518 weekly change in contracts) and the Swiss franc (-158 contracts).


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

The above chart depicts each currency’s current speculator strength level compared to data of the past 3 years. A score of 0 percent would mean speculator bets are currently at the lowest level of the past three years. A 100 percent score would be at the highest level while a 50 percent score would mean speculator bets are right in the middle of the data (a neutral score). We use above 80 percent (extreme bullish) and below 20 percent (extreme bearish) as extreme score measurements.

Please see the data table and individual currency charts below.


Table of Large Speculator Levels & Weekly Changes:

Currency Net Speculator Position Specs Weekly Change
USD Index -5,314 30
EuroFx 118,448 1,316
GBP -18,516 -2,518
JPY 27,458 5,348
CHF 1,448 -158
CAD -20,834 4,652
AUD -4,810 1,722
NZD -15 1,917
MXN 23,178 1,072

 

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 equaled a net position of 118,448 contracts in the data reported through Tuesday. This was a weekly boost of 1,316 contracts from the previous week which had a total of 117,132 net contracts.


British Pound Sterling:

The large British pound sterling speculator level totaled a net position of -18,516 contracts in the data reported this week. This was a weekly decrease of -2,518 contracts from the previous week which had a total of -15,998 net contracts.


Japanese Yen:

Large Japanese yen speculators resulted in a net position of 27,458 contracts in this week’s data. This was a weekly advance of 5,348 contracts from the previous week which had a total of 22,110 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week totaled a net position of 1,448 contracts in the data through Tuesday. This was a weekly reduction of -158 contracts from the previous week which had a total of 1,606 net contracts.


Canadian Dollar:

Canadian dollar speculators equaled a net position of -20,834 contracts this week. This was a advance of 4,652 contracts from the previous week which had a total of -25,486 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures reached a net position of -4,810 contracts this week in the data ending Tuesday. This was a weekly increase of 1,722 contracts from the previous week which had a total of -6,532 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing totaled a net position of -15 contracts this week in the latest COT data. This was a weekly increase of 1,917 contracts from the previous week which had a total of -1,932 net contracts.


Mexican Peso:


Mexican peso speculators equaled a net position of 23,178 contracts this week. This was a weekly increase of 1,072 contracts from the previous week which had a total of 22,106 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 raised their bullish bets after 2 down weeks

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WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators raised their bullish net positions in the WTI Crude Oil futures markets this week after falling in the previous two weeks, 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 560,883 contracts in the data reported through Tuesday June 23rd. This was a weekly gain of 14,611 net contracts from the previous week which had a total of 546,272 net contracts.

The week’s net position was the result of the gross bullish position (longs) growing by 4,774 contracts (to a weekly total of 711,257 contracts) while the gross bearish position (shorts) dropped by -9,837 contracts for the week (to a total of 150,374 contracts).

Crude Oil speculative bets rebounded this week after falling in the previous two weeks and in three out of the previous four weeks. Overall, crude oil speculators have continued to be very bullish in the face of price volatility and an unprecedented drop into negative price territory in April. The bullish position has steadily gained from a total of +387,397 contracts on March 10th to a total of +560,883 contracts this week. Bullish net positions have now continued to stay above the +500,000 contract level for eleven straight weeks, the highest streak since 2018.

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 -595,878 contracts on the week. This was a weekly fall of -15,569 contracts from the total net of -580,309 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 $40.37 which was a gain of $1.99 from the previous close of $38.38, 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 push their bets into a bullish position

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10-Year Note Non-Commercial Speculator Positions:

Large bond speculators increased their bullish 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 6,516 contracts in the data reported through Tuesday June 23rd. This was a weekly gain of 17,401 net contracts from the previous week which had a total of -10,885 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 17,883 contracts (to a weekly total of 686,764 contracts) while the gross bearish position (shorts) rose by just 482 contracts for the week (to a total of 680,248 contracts).

10-Year Note speculators flipped their bets back into a bullish position this week. Two weeks ago on June 9th, the speculative position rose into a net bullish position for the first time since December of 2017 while last week saw a relapse back into a small bearish level. In the big picture, these small bullish or bearish levels are essentially a neutral stance among the speculators for the time being.

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 -33,408 contracts on the week. This was a weekly decline of -16,682 contracts from the total net of -16,726 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 $138.75 which was a drop of $-0.04from the previous close of $138.79, 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 sharply boost their bullish bets higher

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Gold Non-Commercial Speculator Positions:

Large precious metals speculators strongly raised their bullish net positions 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 251,957 contracts in the data reported through Tuesday June 23rd. This was a weekly gain of 27,609 net contracts from the previous week which had a total of 224,348 net contracts.

The week’s net position was the result of the gross bullish position (longs) rising by 31,064 contracts (to a weekly total of 308,459 contracts) while the gross bearish position (shorts) increased by 3,455 contracts for the week (to a total of 56,502 contracts).

Gold speculators boosted their bullish bets higher for a second straight week and this week’s total (+27,609  contracts) marked the highest one-week gain of the past eighteen weeks. The speculative position had been very much on a downtrend since late February with declines in twelve out of sixteen weeks through June 9th with an overall drop of -145,036 contracts from the bullish position. However, the last two weeks have provided a rebound for the speculative position with a total rise of +43,344 contracts over that time-frame.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -287,292 contracts on the week. This was a weekly decline of -29,272 contracts from the total net of -258,020 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 $1772.10 which was an uptick of $42.50 from the previous close of $1729.60, 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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