US 10-Year Treasury Speculators added to bearish positions last week

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large trader and speculators added to their bearish positions last week for 10-year treasury notes in the futures markets and pushed 10-year notes to their most bearish position of 2013. 10-year treasury non-commercial contracts totaled a net position of -110,825 contracts in the data reported for August 27th. This is a drop of -85,985 contracts from the previous week’s total of -24,840 net contracts on August 20th.

In the same time-frame, the yield on the 10 Year treasury note declined from 2.82 on Tuesday August 20th to 2.72 on Tuesday August 27th, according to US Treasury data.


10YR


Last 6 Weeks of Large Trader Positions

Date Net Large Specs Weekly Change 10 Year Yield
07/23/2013 -32312 -50047 2.53
07/30/2013 11903 44215 2.63
08/06/2013 -20096 -31999 2.67
08/13/2013 -66432 -46336 2.71
08/20/2013 -24840 41592 2.82
08/27/2013 -110825 -85985 2.72



*COT explanation: The weekly cot report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).




Article by CountingPips.comForex News & Market Analysis

 

Large Forex Speculators raise US Dollar bullish bets for 1st time in 6 weeks

By CountingPips.com


cots-blue



The weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders and currency speculators added to their bullish bets of the US dollar last week for the first time in six weeks.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, raised their overall US dollar long positions to a total of $15.28 billion as of Tuesday August 27th. This was an increase of $2.28 billion from the total long position of $13.54 billion that was registered on August 20th, according to calculations by Reuters that calculates this amount by the total of US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

This was the first rise in US dollar overall long positions since July 16th when long bets rose by $1.67 billion to a total of $29.61 billion.

COT explanation: The weekly cot report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and non-reportable traders (usually small traders/speculators).

Individual Currencies Large Speculators Positions in Futures:

The large non-commercial net positions for each of the individual major currencies directly against the US dollar last week saw weekly increases for the euro, British pound sterling and the Swiss franc while the Japanese yen, New Zealand dollar, Canadian dollar, Australian dollar and the Mexican peso had declining numbers of large speculator positions for the week.

Notable changes:

Euro net speculative contracts improved for the seventh straight week and are now at their highest level of 2013. Canadian dollar positions have fallen to their lowest level since June 18th while Mexican peso positions dropped to the lowest level since July 2nd.

Individual Currency Charts:


EuroFX:

eur

Last Six Weeks of Large Trader Positions: EuroFX

Date Large Trader Net Positions Weekly Change
07/23/2013 -27900 9265
07/30/2013 -8504 19396
08/06/2013 6061 14565
08/13/2013 16057 9996
08/20/2013 36746 20689
08/27/2013 40081 3335



British Pound Sterling:

gbp

Last Six Weeks of Large Trader Positions: Pound Sterling

Date Lg Trader Net Weekly Change
07/23/2013 -49653 -12207
07/30/2013 -49463 190
08/06/2013 -46033 3430
08/13/2013 -46521 -488
08/20/2013 -39522 6999
08/27/2013 -38226 1296



Japanese Yen:

jpy

Last Six Weeks of Large Trader Positions: Yen

Date Lg Trader Net Weekly Change
07/23/2013 -87496 -1734
07/30/2013 -82135 5361
08/06/2013 -80213 1922
08/13/2013 -74462 5751
08/20/2013 -71721 2741
08/27/2013 -78353 -6632



Swiss Franc:

chf

Last Six Weeks of Large Trader Positions: Franc

Date Lg Trader Net Weekly Change
07/23/2013 -5433 -464
07/30/2013 -1261 4172
08/06/2013 -325 936
08/13/2013 2136 2461
08/20/2013 291 -1845
08/27/2013 402 111



Canadian Dollar:

cad

Last Six Weeks of Large Trader Positions: CAD

Date Lg Trader Net Weekly Change
07/23/2013 -16758 3285
07/30/2013 -11434 5324
08/06/2013 -10436 998
08/13/2013 -9081 1355
08/20/2013 -9544 -463
08/27/2013 -24959 -15415



Australian Dollar:

aud

Last Six Weeks of Large Trader Positions: AUD

Date Lg Trader Net Weekly Change
07/23/2013 -63982 6704
07/30/2013 -72573 -8591
08/06/2013 -76779 -4206
08/13/2013 -62721 14058
08/20/2013 -63183 -462
08/27/2013 -71117 -7934



New Zealand Dollar:

nzd

Last Six Weeks of Large Trader Positions: NZD

Date Lg Trader Net Weekly Change
07/23/2013 -1846 898
07/30/2013 -520 1326
08/06/2013 -1539 -1019
08/13/2013 197 1736
08/20/2013 2390 2193
08/27/2013 252 -2138



Mexican Peso:

mxn

Last Six Weeks of Large Trader Positions: MXN

Date Lg Trader Net Weekly Change
07/23/2013 19799 8433
07/30/2013 24888 5089
08/06/2013 32125 7237
08/13/2013 36320 4195
08/20/2013 36131 -189
08/27/2013 7198 -28933

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

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

(The graphs overlay the forex spot closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.)

See more information and explanation on the weekly COT report from the CFTC website.

 

Article by CountingPips.com

 

VIDEO: General Electric Could IPO Consumer Lending Business in 2014

The Wall Street Journal is reporting that General Electric (GE) plans to spin off its US consumer lending business as early as next year in an IPO. The consumer lending unit accounts for nearly 20% of GE Capital’s total outstanding loans with more than 55 million people having store credit cards backed by General Electric’s finance division.

VIDEO: Emerging Market Woes: Contained Or Contagion?

Emerging markets are stuck between a rock and a hard place. Policymakers are working to halt the rapid depreciation of their currencies by raising interest rates and tightening monetary policy. But that may risk slower economic growth in the years ahead and threaten to drag down the global economic recovery.

Our New Free Indicator: Automatic Fibonacci Retracements for Metatrader 4

By CountingPips.com

We are excited to announce that we have released our latest indicator for the Metatrader 4 platform: Automatic Fibonacci Retracements



usdjpy-Auto-Fibo-Levels

The standard Fibonacci Retracement indicator in the Metatrader 4 platform is great but it is static. Traders have to determine the trend, draw the indicator and update the chart when trends change.

This indicator was designed to do all that for you automatically – Automatic trend determination, plotted Fibonacci levels and updated retracements as price action changes.

There are user inputs for the number of periods to consider in drawing the fibonacci retracements as well as coloring and styling options. The indicator will update upon the completion of the latest bar or candle and a new retracement will be drawn when a new high or low is made over the chosen time-frame.

This is our fourth forex indicator for the MT4 platform and you can find our Free Automatic Fibonacci Indicator here. Our previous indicators include Pivot Point Levels, Linear Regression Channels and the High Low Support Resistance Indicator which all can be found in our Forex Apps section.

As always, we love to hear your feedback or suggestions for new indicators or apps that you may have (email us here).

Zac – CountingPips.com