Category : Paul Kavanaugh

Large Currency Speculators added to new recent long net positions in Japanese Yen, while remaining net short of commodity currencies including Australian and Canadian dollar, latest CFTC data shows…

The Currency Report

Large Currency Speculators added to new recent long net positions in Japanese Yen, while remaining net short of commodity currencies including Australian and Canadian dollar, latest CFTC data shows…

Weekly Aussie Chart

(Commitments of Traders Data)

CFTC data released Friday January 15, 2016 shows large currency speculators increased long Yen positions by over 500%, building on last week’s reversal to net long.  This week’s data also showed a 51% decrease in net short positions in the Canadian dollar, which may be indicative of profit taking ahead of this week’s BOC  Jan 20 meeting.

This week’s sharp rise in net long Yen positions highlights one of the main goals of this report; which is to keep an eye on what large speculators are doing over the longer term with their positions, with the assumption that they large speculators are positioning in the direction of the longer term trend.

The existing net short positions in commodity currencies like the Australian and Canadian dollar suggest the weakness in the commodity sector will continue over the near term in my opinion.

The most recent Commitments of Traders data shows some significant percentage changes in non-commercial futures only net positions from the prior week including the following:

A sharp 51.72% decrease from 60,130 to 29,032 contracts net short of the Canadian dollar, which represents 18.70% of open interest;

A small 8.18% decrease from 3,620 to 3,324 contracts net long of the Swiss Franc, which represents 0.64% of open interest;

A miniscule 0.08% increase from 30,496 to 30,521 contracts net short of the British Pound, which represents 0.001% of open interest;

A substantial 510.92% increase from 4,103 to 25,066 contracts of the Japanese Yen, which represents 8.69% of open interest;

A trimming 7.69% decrease from 158,643 to 146,451 contracts net short of the Euro, which represents 3.06% of open interest;

A notable 67.45% increase from 13,761 to 23,043 contracts net short of the Australian Dollar, which represents 7.63% of open interest;

A healthy 4.94% increase from 40,707 to 42,719 contracts net long of the US Dollar Index, which represents 2.72% of open interest;

(Source: www.CFTC.gov)

For those interested in Stock Index Futures, it may be of interest that over the same period large speculators increased their net short positions in E-Mini S&P 500 Stock Index by a massive 59.61% from 104,171 to 162,272 contracts.  Feel free to contact me directly for more specific information.

For more information on FuturePath Trading, LLC PhotonTrader Software Demos and Futures and Forex Brokerage services email paul@fptrading.net or call 312.987.2080.

Good Trading,

Paul Kavanaugh

There is a substantial risk of loss in trading futures and options. Futures, options and foreign exchange trading are not appropriate for all investors.  Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities.  FuturePath Trading, LLC, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.

The Currency Report

The Currency Report

By Paul Kavanaugh

Large Currency Specs trimmed net short Japanese Yen positions by over 43%, latest CFTC data shows…

2016 01 04 JY

(Commitments of Traders Data)

CFTC data released Monday January 4, 2016 shows large currency speculators trimmed net short Japanese Yen positions by over 43%.  Large specs also maintained significant net short positions in Euro and Canadian dollar as of 12/29/2015.  This highlights one of the main goals of this report which is to keep an eye on what large speculators are doing over the longer term with their positions with the assumption that they large speculators are positioning in the direction of the longer term trend.  The existing and building net short positions in commodity currencies like the Canadian dollar suggest the weakness in the commodity sector will continue over the near term in my opinion.

The most recent Commitments of Traders data shows some significant percentage changes in non-commercial futures only net positions from the prior week including the following:

A steady 8.50% increase from 56,027 to 60,787 contracts net short of the Canadian dollar, which represents 2.77% of open interest;

A large 29.51% increase from 2,752 to 3,564 contracts net long of the Swiss Franc, which represents 1.65% of open interest;

A sharp 16.36% increase from 26,661 to 31,022 contracts net short of the British Pound, which represents 2.14% of open interest;

A surprising 43.27% decrease from 30,367 to 17,226 contracts net short of the Japanese Yen, which represents 6.78% of open interest;

A holding .031% decrease from 161,047 to 160,550 contracts net short of the Euro, which represents 0.12% of open interest;

A healthy 15.87% decrease from 20,854 to 17,545 contracts net short of the Australian Dollar, which represents 3.37% of open interest;

A minor 0.62% increase from 33,407 to 33,615 contracts net long of the US Dollar Index, which represents 0.32% of open interest;

(Source: www.CFTC.gov)
For those interested in the Stock Indices, it may be of interest that over the same period large speculators increased their net short positions in E-Mini S&P 500 Stock Index by 2.04% from 95,219 to 97,162 contracts.  Contact me directly for more information.

For more information on FuturePath Trading, LLC PhotonTrader Software Demos and Futures and Forex Brokerage services please email paul@fptrading.net or call 312.987.2080.

Good Trading,

Paul Kavanaugh

There is a substantial risk of loss in trading futures and options. Futures, options and foreign exchange trading are not appropriate for all investors.  Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities.  FuturePath Trading, LLC, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.

The Currency Report

Large Currency Specs nearly doubled net short positions in Australian dollar, while maintaining significant shorts in Canadian dollar, the latest CFTC data shows…

(Canadian Dollar Weekly Continuation Chart Below)

Canadian Dollar

(Commitments of Traders Data)

CFTC data released Monday December 28 shows IMM currency large speculators nearly doubled net short positions in Australian dollar, while maintaining significant shorts in Canadian dollar.  Large specs lowered net longs in US dollar over the same period, which may be a result of end of quarter and end of year profit taking as the US dollar outperformed many asset classes in 2015.  This highlights one of the main goals of this report which is to keep an eye on what large speculators are doing over the longer term with their positions with the assumption that they large speculators are positioning with the longer term trend.  The existing and building net short positions in commodity currencies like Aussie and Canadian suggest further weakness in the commodity sector in my opinion over the near term.

The most recent Commitments of Traders data shows some significant percentage changes in non-commercial futures only net positions from the prior week including the following:

A building 9.84% increase from 51,009 to 56,027 contracts net short of the Canadian dollar, which represents 3.07% of open interest;

A large 41.06% increase from 1,951 to 2,752 contracts net long of the Swiss Franc, which represents 1.59% of open interest;

A huge 57.57% increase from 16,920 to 26,661 contracts net short of the British Pound, which represents 5.01% of open interest;

A solid 14.25% increase from 26,580 to 30,367 contracts net short of the Japanese Yen, which represents 1.92% of open interest;

A holding 0.68% increase from 159,961 to 161,047 contracts net short of the Euro, which represents 0.27% of open interest;

A Most Significant 99.52% increase from 10,402 to 20,854 contracts net short of the Australian Dollar, which represents 9.79% of open interest;

A trimming 9.47% decrease from 36,902 to 33,407 contracts net long of the US Dollar Index, which represents 5.37% of open interest;

(Source: www.CFTC.gov)

Good Trading,

Paul Kavanaugh

For more information on FuturePath Trading, LLC PhotonTrader Software and Futures and Forex Brokerage services please email paul@fptrading.net or call 312.987.2080

There is a substantial risk of loss in trading futures and options. Futures, options and foreign exchange trading are not appropriate for all investors.  Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities.  FuturePath Trading, LLC, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.

 

The Currency Report

The Currency Report

By Paul Kavanaugh

Large Currency Specs increased short bets in all major currency futures this report tracks, while adding to already long US dollar positions, latest CFTC data shows…

Euro Chart

Charts courtesy of PhotonTrader/FuturePath Trading, LLC

(Commitments of Traders Data)

CFTC data released Friday November 20 shows IMM currency large speculators added to massive net short positions in Euro as well as all other currencies in this report, while also adding to long US dollar positions.  The most recent Commitments of Traders data shows some significant percentage changes in non-commercial futures only net positions from the prior week including the following:

A sharp 58.33% increase from 17,907 to 28,352 contracts net short of the Canadian Dollar, which represents 7.37% of open interest;

A sizable 64.65% increase from 9,310 to 15,329 contracts net short of the Swiss Franc, which represents 13.87% of open interest;

A strong 60.18% increase from 15,770 to 25,260 contracts net short of the British Pound, which represents 5.41% of open interest;

An important 23.05% increase from 63,888 to 78,611 contracts net short of the Japanese Yen, which represents 5.88% of open interest;

A building 14.86% increase from 142,939 to 164,177 contracts net short of the Euro, which represents 4.86% of open interest;

A solid 26.02% increase from 52,740 to 66,464 contracts net short of the Australian Dollar, which represents 8.47% of open interest;

A small 6.26 increase from 43,784 to 46,527 contracts net long of the US Dollar Index, which represents 3.05% of open interest;

(Source: www.CFTC.gov)

Good Trading,

Paul Kavanaugh

For more information on our brokerage services please email paul@fptrading.net or call 312.987.2080

There is a substantial risk of loss in trading futures and options. Futures, options and foreign exchange trading are not appropriate for all investors.  Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities.  FuturePath Trading, LLC, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.

 

The Currency Report

The Currency Report

IMM Currency Speculators cutting short Euro bets for the 4thweek in a row, latest CFTC data shows…

-Large speculators again trimmed net short Euro bets, down significantly from recent near-record levels.

-Large speculators net short positions in Yen may become larger than net short Euro if trend continues.

20150619Yen

(Commitments of Traders Data)

CFTC data released Friday June19, 2015 shows large IMM currency speculators cut both short Euro and Yen positions by over 30%, with the Euro net short position dwindling from recent all-time record levels against the US dollar.  Large speculators have held net short positions in most currencies (except Swiss Franc and Australian dollar) according to last week’s report.  Nearly all of these were trimmed (except the Australian dollar) in the most recent data.  The most recent Commitments of Traders data shows some significant percentage changes in non-commercial futures only net positions from the prior week including the following:

A minor 3.45% decrease from 12,720 to 12,281 contracts net short of the Canadian Dollar, which represents 0.37% of open interest;

A sharp 47.10% decrease from 10,129 to 5,358 contracts net long of the Swiss Franc, which represents 24.03% of open interest;

A small 10.05% decrease from 28,277 to 25,434 contracts net short of the British Pound Sterling, which represents 1.94% of open interest;

A massive 30.63% decrease from 116,286 to 80,664 contracts net short of the Japanese Yen, which represents 13.58% of open interest;

A significant 38.98% decrease from 134,974 to 82,357 contracts net short of the Euro, which represents 15.02% of open interest;

An important 128.85% reversal from net long 14,027 to short 4,048 contracts of the Australian Dollar, which represents 15.14% of open interest;

A trimming 15.05% decrease from 62,877 to 53,420 contracts net long of the US Dollar Index, which represents 10.97% of open interest;

(Source: www.CFTC.gov)

For more information contact email paul@fptrading.net

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Good Trading,

Paul Kavanaugh

There is a substantial risk of loss in trading futures and options. Futures, options and foreign exchange trading are not appropriate for all investors.  Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities.  FuturePath Trading, LLC, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.

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