The Currency Report
Large Currency Speculators sharply increased net positions short British Pound while adding to net longs in Japanese Yen, latest CFTC data shows…
(Commitments of Traders Data)
The latest CFTC data Large Currency Speculators sharply increased net positions short British Pound while adding to net longs in Japanese Yen. Significant percent change moves highlight one of the main goals of this report; which is to keep an eye on what large speculators have been doing over the longer term with their positions, with the assumption that large speculators are positioning in the direction of the longer term trend.
The sleeper data in this report in my opinion is the Canadian dollar, which showed net shorts declined 17% this week, following last week’s 34% decline. Continuing declines in net short positions by large specs in this ‘Commodity Currency’ may be indicative of short covering/profit taking following the declines we have seen since July 2015.
Due to the delayed dissemination of this information, this information should in no way be considered in any way as a trade recommendation or advice.
Highlighted Currency, net position and % change
Net Longs Net Shorts
JY +53k, +17% CD -15k, -20%
DA +18k, +9% BP -37k, +176%
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 solid 20.28% decrease from 16,826 to 15,009 contracts net short of the Canadian dollar, which represents 3.86% of open interest;
A massive 176% increase from 13,619 to 37,723 contracts net short of the British Pound, which represents 9.79% of open interest;
A building 17.27% increase from 45,489 to 53,346 contracts long of the Japanese Yen, which represents 5.37% of open interest;
A trimming 14.83% decrease from 77,555 to 66,053 contracts net short of the Euro, which represents 3.55% of open interest;
A minor 9.85% increase from 16,413 to 18,030 contracts long the Australian dollar, which represents 1.45% of open interest;
A minor 0.93% increase from 17,511 to 17,674 contracts net long of the US Dollar Index, which represents 0.31% of open interest;
For those interested in Stock Index Futures, it may be of interest that over the same period large speculators trimmed sharply their net short positions in E-Mini S&P 500 Stock Index Futures by 28.9% from 205,945 to 146,429 contracts. Feel free to contact me directly for more specific information.
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