Archive for investing – Page 2

Forex Speculators edge US Dollar Index bets higher. Yen & Euro bullish bets rise

By CountingPips.comReceive our weekly COT Reports by Email

US Dollar Index Speculator Positions

Large currency speculators ever so slightly edged their bullish net positions higher 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 16,450 contracts in the data reported through Tuesday May 12th. This was a weekly inch up of 25 contracts from the previous week which had a total of 16,425 net contracts.

This week’s net position was the result of the gross bullish position (longs) declining by -757 contracts (to a weekly total of 23,956 contracts) compared to the gross bearish position (shorts) which saw a larger decrease by -782 contracts on the week (to a total of 7,506 contracts).

US Dollar Index speculative bets barely moved this week but edged higher for the eighth consecutive week. The gains over the past eight weeks have been relatively modest but the current bullish standing (+16,450 contracts) has now risen above the 2020 weekly average of +16,032 contracts. The current level is now at the most bullish point in the past ten weeks, dating back to March 3rd.


Individual Currencies Data this week: Mexican Peso bets drop into bearish territory for 1st time in 98 weeks

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

Mexican peso positions dropped for a second straight week and for the fourteenth time in the past fifteen weeks. This week’s decline pushed the overall net speculator position (-5,120 contracts) into bearish or short territory for the first time since June 26th of 2018, a span of 98 weeks. The fall of the peso position has been remarkably swift considering the all-time record high bullish position was reached on January 28th or just about fifteen weeks ago at a total of +170,366 contracts.

Euro speculators raised their bullish bets this week following two weeks of falling bets. This week’s gain marks the ninth time in the past eleven weeks that positions have risen. Despite this recent strength in bullish bets, the euro currency has not fared as well as the EURUSD has remained on the defensive and trading under the 1.10 exchange rate for a seventh straight weekly close.

Japanese yen speculative positions increased their bullish bets this week after a down week last week and for the fifth time in the past six weeks. Yen positions turned bullish on March 10th and have been in bullish territory for a total of 10 straight weeks.

Overall, the major currencies that saw improving speculator positions this week were the US dollar index (25 weekly change in contracts), euro (1,841 contracts) and the Japanese yen (723 contracts).

The currencies whose speculative bets declined this week were the British pound sterling (-1,683 weekly change in contracts), Swiss franc (-1,143 contracts), Canadian dollar (-194 contracts), Australian dollar (-1,970 contracts), New Zealand dollar (-925 contracts) and the Mexican peso (-12,229 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 16,450 25
EuroFx 78,140 1,841
GBP -13,688 -1,683
JPY 27,937 723
CHF 6,648 -1,143
CAD -32,246 -194
AUD -35,425 -1,970
NZD -15,878 -925
MXN -5,120 -12,229

 

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 recorded a net position of 78,140 contracts in the data reported through Tuesday. This was a weekly lift of 1,841 contracts from the previous week which had a total of 76,299 net contracts.


British Pound Sterling:

The large British pound sterling speculator level came in at a net position of -13,688 contracts in the data reported this week. This was a weekly decline of -1,683 contracts from the previous week which had a total of -12,005 net contracts.


Japanese Yen:

Large Japanese yen speculators equaled a net position of 27,937 contracts in this week’s data. This was a weekly advance of 723 contracts from the previous week which had a total of 27,214 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week recorded a net position of 6,648 contracts in the data through Tuesday. This was a weekly decline of -1,143 contracts from the previous week which had a total of 7,791 net contracts.


Canadian Dollar:

Canadian dollar speculators resulted in a net position of -32,246 contracts this week. This was a decline of -194 contracts from the previous week which had a total of -32,052 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures totaled a net position of -35,425 contracts this week in the data ending Tuesday. This was a weekly fall of -1,970 contracts from the previous week which had a total of -33,455 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing totaled a net position of -15,878 contracts this week in the latest COT data. This was a weekly lowering of -925 contracts from the previous week which had a total of -14,953 net contracts.


Mexican Peso:

Mexican peso speculators recorded a net position of -5,120 contracts this week. This was a weekly lowering of -12,229 contracts from the previous week which had a total of 7,109 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 Speculator’s bullish net positions bounced back this week

By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators boosted 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 541,019 contracts in the data reported through Tuesday May 12th. This was a weekly gain of 10,407 net contracts from the previous week which had a total of 530,612 net contracts.

The week’s net position was the result of the gross bullish position (longs) falling by -13,355 contracts (to a weekly total of 709,557 contracts) but were overcome by the gross bearish position (shorts) which fell by -23,762 contracts for the week (to a total of 168,538 contracts).

Crude oil speculative net positions bounced back this week following last week’s sharp decline of -58,778 contracts. The crude net position has risen in five out of the past six weeks and has added a total of +105,911 contracts to the bullish position in that time-frame. Overall, the current bullish standing is now over the +500,000 net contract level for the fifth consecutive 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 -557,971 contracts on the week. This was a weekly loss of -21,073 contracts from the total net of -536,898 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 $25.78 which was an increase of $1.22 from the previous close of $24.56, 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

10-Year Note Speculators edged their bearish bets higher for 3rd straight week

By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators continued to increase 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 -151,487 contracts in the data reported through Tuesday May 12th. This was a weekly change of -9,216 net contracts from the previous week which had a total of -142,271 net contracts.

The week’s net position was the result of the gross bullish position (longs) rising by 22,140 contracts (to a weekly total of 597,109 contracts) but being overcome by the gross bearish position (shorts) which increased by 31,356 contracts for the week (to a total of 748,596 contracts).

The 10-Year speculators pushed their bearish bets higher for the third straight week and for the fifth time in the past six weeks. The speculative bearish position had fallen as low as -34,098 contracts on April 21st but have now risen by a total of -117,389 contracts since then to hit a seven-week high of -151,487 contracts 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 97,267 contracts on the week. This was a weekly gain of 7,169 contracts from the total net of 90,098 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 $138.95 which was an advance of $0.09 from the previous close of $138.85, 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 Speculator’s bullish bets fell for 3rd time in 4 weeks

By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators lowered 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 242,828 contracts in the data reported through Tuesday May 12th. This was a weekly decline of -7,176 net contracts from the previous week which had a total of 250,004 net contracts.

The week’s net position was the result of the gross bullish position (longs) rising by 2,200 contracts (to a weekly total of 277,771 contracts) while the gross bearish position (shorts) gained by a larger amount of 9,376 contracts for the week (to a total of 34,943 contracts).

Gold speculative positions once again dipped this week for the second straight week and for the third time in the past four weeks. These decreases have brought the current bullish position down to the lowest level of the past forty-six weeks, dating back to June of 2019. Gold positions have now shed a total of -110,821 contracts since hitting an all-time bullish high of +353,649 contracts on February 18th. Despite the recent declines in bullish bets by the speculators, the gold price has continued to be very strong with a close this week above $1,756 per ounce.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -278,533 contracts on the week. This was a weekly increase of 3,103 contracts from the total net of -281,636 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 $1706.80 which was a loss of $-3.80 from the previous close of $1710.60, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

VIX Speculators boosted their their bearish bets for 2nd week

By CountingPips.comReceive our weekly COT Reports by Email

VIX Non-Commercial Speculator Positions:

Large volatility speculators pushed their bearish net positions higher in the VIX futures markets for a second straight week this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of VIX futures, traded by large speculators and hedge funds, totaled a net position of -39,726 contracts in the data reported through Tuesday May 12th. This was a weekly change of -11,368 net contracts from the previous week which had a total of -28,358 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -3,540 contracts (to a weekly total of 47,311 contracts) while the gross bearish position (shorts) rose by 7,828 contracts for the week (to a total of 87,037 contracts).

VIX speculators boosted their bearish bets for the second straight week this week. Specs have now added a total of -20,755 contracts to the bearish level over these past two weeks. The current net position has continued to remain in an overall bearish standing for 70 consecutive weeks, dating back to January of 2019. Open interest levels (the number of contracts outstanding in the market) continue to show very low numbers of open trades in the market. The current open interest level of 230,744 contracts comes in sharply lower than the 2020 weekly average of 354,646 contracts.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 44,273 contracts on the week. This was a weekly advance of 10,318 contracts from the total net of 33,955 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 $32.92 which was a loss of $-1.10 from the previous close of $34.02, 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

Currency Speculators cut US Dollar Index bullish bets for 10th straight week

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

US Dollar Index Speculator Positions

Large currency speculators once again decreased their net positions 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 22,261 contracts in the data reported through Tuesday December 10th. This was a weekly lowering of -1,616 contracts from the previous week which had a total of 23,877 net contracts.

This week’s net position was the result of the gross bullish position (longs) lowering by -428 contracts (to a weekly total of 30,754 contracts) compared to the gross bearish position (shorts) which saw a rise by 1,188 contracts on the week (to a total of 8,493 contracts).

Speculators continued to pare their bullish positions in the US Dollar Index for a tenth straight week and by a total of -20,767 contracts in that period. The current standing of bullish positions is now at the lowest level in seventy-three weeks, dating back to July of 2018. Despite the recent declines, the USD Index position has now remained in bullish territory for eighty-three consecutive weeks starting in May of 2018.


Individual Currencies Data this week:

In the individual major currencies data, the currencies that saw improving speculator positions this week were the euro (1,406 weekly change in contracts), British pound sterling (7,411 contracts), Japanese yen (4,141 contracts), Swiss franc (1,422 contracts), New Zealand dollar (1,652 contracts) and the Mexican peso (514 contracts).

The currencies whose speculative bets declined this week were the US dollar index (-1,616 weekly change in contracts), Canadian dollar (-730 contracts) and the Australian dollar (-375 contracts).

See the table and more currency charts below.


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


Table of Large Speculator Levels & Weekly Changes:

Currency Net Speculator Position Specs Weekly Change
USD Index 22,261 -1,616
EuroFx -67,643 1,406
GBP -22,639 7,411
JPY -43,682 4,141
CHF -20,865 1,422
CAD 20,741 -730
AUD -36,808 -375
NZD -25,340 1,652
MXN 130,641 514

 

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 was a net position of -67,643 contracts in the data reported through Tuesday. This was a weekly increase of 1,406 contracts from the previous week which had a total of -69,049 net contracts.


British Pound Sterling:

The large British pound sterling speculator level recorded a net position of -22,639 contracts in the data reported this week. This was a weekly boost of 7,411 contracts from the previous week which had a total of -30,050 net contracts.


Japanese Yen:

Large Japanese yen speculators totaled a net position of -43,682 contracts in this week’s data. This was a weekly boost of 4,141 contracts from the previous week which had a total of -47,823 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week was a net position of -20,865 contracts in the data through Tuesday. This was a weekly increase of 1,422 contracts from the previous week which had a total of -22,287 net contracts.


Canadian Dollar:

Canadian dollar speculators resulted in a net position of 20,741 contracts this week. This was a decline of -730 contracts from the previous week which had a total of 21,471 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures was a net position of -36,808 contracts this week in the data ending Tuesday. This was a weekly reduction of -375 contracts from the previous week which had a total of -36,433 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing totaled a net position of -25,340 contracts this week in the latest COT data. This was a weekly advance of 1,652 contracts from the previous week which had a total of -26,992 net contracts.


Mexican Peso:

Mexican peso speculators was a net position of 130,641 contracts this week. This was a weekly advance of 514 contracts from the previous week which had a total of 130,127 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 boosted their bullish bets to 32-week high

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators sharply 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 495,539 contracts in the data reported through Tuesday December 10th. This was a weekly jump of 67,504 net contracts from the previous week which had a total of 428,035 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 46,096 contracts (to a weekly total of 577,216 contracts) while the gross bearish position (shorts) declined by -21,408 contracts for the week (to a total of 81,677 contracts).

Crude oil speculators sharply raised their bullish positions this week and have pushed their bets higher in eight out of the past nine weeks. This week’s jump in bullish net positions marks the highest one-week increase since late in 2016 and puts the current standing at the highest bullish level in the past thirty-two weeks.

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 -501,989 contracts on the week. This was a weekly loss of -64,279 contracts from the total net of -437,710 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 $59.24 which was a gain of $3.14 from the previous close of $56.10, 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

10-Year Note Speculators pulled back on their bearish bets for 3rd time in 5 weeks

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators pared 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 -178,921 contracts in the data reported through Tuesday December 10th. This was a weekly change of 42,974 net contracts from the previous week which had a total of -221,895 net contracts.

The week’s net position was the result of the gross bullish position (longs) dropping by -52,998 contracts (to a weekly total of 649,320 contracts) while the gross bearish position (shorts) declined by -95,972 contracts for the week (to a total of 828,241 contracts).

Large 10-year speculators cut back on their bearish bets for the third time in the past five weeks. The decline in bearish positions brings the overall bearish level back under the -200,000 net contract standing for the fourth time in the past five weeks. Overall, the 10-year position has now been in bearish territory for one-hundred and four straight 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 217,135 contracts on the week. This was a weekly drop of -24,784 contracts from the total net of 241,919 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 $128.92 which was a drop of $-1.10 from the previous close of $130.03, 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 cut back on their bullish net positions this week

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators cut back on 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 270,920 contracts in the data reported through Tuesday December 10th. This was a weekly fall of -19,785 net contracts from the previous week which had a total of 290,705 net contracts.

The week’s net position was the result of the gross bullish position (longs) declining by -17,356 contracts (to a weekly total of 329,169 contracts) while the gross bearish position (shorts) rose by 2,429 contracts for the week (to a total of 58,249 contracts).

Gold bullish bets dropped for the third time in the past five weeks this week. The decline this week marked the largest shortfall in the past eight weeks. Despite the recent pullbacks, the gold position has remained in a strong bullish position as the speculative position has been above the +250,000 net contract level for the past twenty-one weeks and above the +200,000 net contract level for the past twenty-six weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -302,283 contracts on the week. This was a weekly increase of 20,504 contracts from the total net of -322,787 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 $1468.10 which was a drop of $-16.30 from the previous close of $1484.40, 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 pared their bearish bets for a 3rd week after record highs

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

VIX Non-Commercial Speculator Positions:

Large volatility speculators cut back on 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 -183,028 contracts in the data reported through Tuesday December 10th. This was a weekly change of 16,284 net contracts from the previous week which had a total of -199,312 net contracts.

The week’s net position was the result of the gross bullish position (longs) sliding by -9,424 contracts (to a weekly total of 65,785 contracts) while the gross bearish position (shorts) fell by -25,708 contracts for the week (to a total of 248,813 contracts).

VIX Speculators reduced their bearish bets for a third consecutive week and by a total of 35,334 contracts over that three-week period. The recent declines follow a strong streak of higher and higher bearish positions that culminated in an all-time record high bearish position on November 19th with a total of -218,362 contracts. The VIX bearish position has now been over the -100,000 net contract level for thirteen straight weeks.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 195,076 contracts on the week. This was a weekly decline of -13,731 contracts from the total net of 208,807 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 $16.87 which was an advance of $0.65 from the previous close of $16.22, 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