FX Speculators Raised Their U.S. Dollar Bets For 7th Week

US Dollar COT Large Speculators Sentiment Vs UUP ETF

US dollar net speculator positions stand at $-0.643 billion this week

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators further raised their bets for the US dollar this week.

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar net position totaling $-0.643 billion as of Tuesday November 14th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly rise of $1.277 billion from the $-1.92 billion total position that was registered the previous week, according to the Reuters calculation (totals of the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollarand the Swiss franc).

The aggregate speculative US dollar position has improved (become less bearish) for seven consecutive weeks and is now at the lowest bearish level since July.

Weekly Change In US Dollar Speculators Aggregate Positions

Weekly Speculator Contract Changes:

The major currencies that improved against the US dollar this week were the British pound sterling (4,665 weekly change in contracts) and the Mexican peso (5,558 contracts).

The currencies whose speculative bets declined this week versus the dollar were the euro (-869 weekly change in contracts), Japanese yen (-8,151 contracts), Swiss franc (-2,873 contracts), Canadian dollar (-3,554 contracts), Australian dollar (-1,405 contracts) and the New Zealand dollar (-704 contracts).

Table of Weekly Commercial Traders and Speculators Levels & Changes:

Table of Weekly Commercial Traders and Speculators Levels & Changes

Weekly Charts: Large Trader Weekly Positions vs Price

EuroFX:

Euro : COT Futures Large Traders Vs EUR/USD

British Pound Sterling:

British Pound : COT Futures Large Traders Vs GBP/USD

Japanese Yen:

Japanese Yen : COT Futures Large Traders Vs JPY/USD

Swiss Franc:

Swiss : COT Futures Large Traders Vs CHF/USD

Canadian Dollar:

Canadian Dollar : COT Futures Large Traders Vs CAD/USD

Australian Dollar:

Australian Dollar : COT Futures Large Traders Vs AUD/USD

New Zealand Dollar:

New Zealand Dollar : COT Futures Large Traders Vs NZD/USD

Mexican Peso:

Mexican Peso : COT Futures Large Traders Vs MXN/USD

*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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

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

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