The Currency Report
Large Currency Speculators added to net long Australian dollar positions, while also boosting net short British Pound bets latest CFTC data shows…
(Commitments of Traders Data)
The latest CFTC data shows large Currency Speculators added to net long Australian dollar positions, while also boosting net short British Pound bets. 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 they large speculators are positioning in the direction of the longer term trend.
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 +59k, +7% EC -72k, +5%
DA +29k, +47% BP -49k, +48%
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:
An important 15.41% decrease from 30,478 to 25,781 contracts net short of the Canadian dollar, which represents 2.69% of open interest;
A 96.32% decrease from 3,507 to just 129 contracts net short of the Swiss Franc, which represents 6.79% of open interest;
A massive 48.19% increase from 33,068 to 49,005 contracts net short of the British Pound, which represents 5.33% of open interest;
A steady 7.89% increase from 59,626 to 64,333 contracts long of the Japanese Yen, which represents 1.62% of open interest;
A minor 5.06% increase from 68,541 to 72,007contracts net short of the Euro, which represents 0.8% of open interest;
A very significant 47% increase from 19,861 to 29.195 contracts long the Australian dollar, which represents 6.58% of open interest;
A minor 1.52% decrease from 26,785 to 26,378 contracts net long of the US Dollar Index, which represents 0.64% of open interest;
For those interested in Stock Index Futures, it may be of interest that over the same period large speculators decreased their net short positions in E-Mini S&P 500 Stock Index Futures by 5.85% from 218,422 to 205,655 contracts. Feel free to contact me directly for more specific information.
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