The latest data for the weekly Commitments of Traders (COT) report was released on Friday by the Commodity Futures Trading Commission (CFTC) and showed that large futures speculators turned bullish on the US dollar last week after four straight weeks of bearish positions.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $7.02 billion as of Tuesday November 5th. This was a weekly change of $10.17 billion from the total position of $-3.146 billion that was registered on October 29th, according to data from 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.

US dollar positions, on November 5th, were at their most bullish level since September 17th when US dollar bets were long at a total of $10.8 billion.

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 on November 5th showed weekly increases for just the Mexican peso while there were declines for the euro, British pound sterling, Japanese yen, Swiss franc, Canadian dollar, Australian dollar and the New Zealand dollar.

Individual Currency Charts:

EuroFX:

Last Six Weeks of Large Trader Positions: EuroFX

Date	Large Trader Net Positions	Weekly Change
10/01/2013	68276	2432
10/08/2013	68683	407
10/15/2013	60374	-8309
10/22/2013	72434	12060
10/29/2013	70617	-1817
11/05/2013	33143	-37474

British Pound Sterling:

Last Six Weeks of Large Trader Positions: Pound Sterling

Date	Lg Trader Net	Weekly Change
10/01/2013	1496	322
10/08/2013	8771	7275
10/15/2013	12231	3460
10/22/2013	14262	2031
10/29/2013	10162	-4100
11/05/2013	-2392	-12554

Japanese Yen:

Last Six Weeks of Large Trader Positions: Yen

Date	Lg Trader Net	Weekly Change
10/01/2013	-82324	10494
10/08/2013	-57097	25227
10/15/2013	-59266	-2169
10/22/2013	-71802	-12536
10/29/2013	-62395	9407
11/05/2013	-73792	-11397

Swiss Franc:

Last Six Weeks of Large Trader Positions: Franc

Date	Lg Trader Net	Weekly Change
10/01/2013	6636	891
10/08/2013	10415	3779
10/15/2013	10767	352
10/22/2013	10931	164
10/29/2013	11451	520
11/05/2013	8095	-3356

Canadian Dollar:

Last Six Weeks of Large Trader Positions: CAD

Date	Lg Trader Net	Weekly Change
10/01/2013	-955	4720
10/08/2013	-8663	-7708
10/15/2013	-10814	-2151
10/22/2013	-5364	5450
10/29/2013	-15237	-9873
11/05/2013	-18002	-2765

Australian Dollar:

Last Six Weeks of Large Trader Positions: AUD

Date	Lg Trader Net	Weekly Change
10/01/2013	-28804	6015
10/08/2013	-26404	2400
10/15/2013	-32237	-5833
10/22/2013	-22111	10126
10/29/2013	-23198	-1087
11/05/2013	-25067	-1869

New Zealand Dollar:

Last Six Weeks of Large Trader Positions: NZD

Date	Lg Trader Net	Weekly Change
10/01/2013	10891	2836
10/08/2013	10766	-125
10/15/2013	12668	1902
10/22/2013	13114	446
10/29/2013	10625	-2489
11/05/2013	9708	-917

Mexican Peso:

Last Six Weeks of Large Trader Positions: MXN

Date	Lg Trader Net	Weekly Change
10/01/2013	14601	578
10/08/2013	10933	-3668
10/15/2013	7761	-3172
10/22/2013	7214	-547
10/29/2013	4896	-2318
11/05/2013	5180	284

*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).

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

Copyright © 2013 CountingPips - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.