The Currency Report
Large Currency Speculators cut back on net short Euro bets by over 30%, while also trimming net shorts in Canadian and Australian dollar, latest CFTC data shows…
(Commitments of Traders Data)
Large Currency Speculators cut back on net short Euro bets by over 30%, while also trimming net shorts in Canadian and Australian dollar. Trimming of bets short Euro, Australian and Canadian dollar may be indicative of profit taking by large speculators following significant declines since mid 2015, see chart above.
These 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, it 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 +37k, -25% CD -52k -23%
AD -26k -20%
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 significant 23.83% decrease from 66,819 to 52,420 contracts net short of the Canadian dollar, which represents 10.42% of open interest;
A tiny 4.26% increase from 4,503 to 4,695 contracts net short of the Swiss Franc, which represents 0.32% of open interest;
A steady 1.57% decrease from 45,737 to 45,018 contracts net short of the British Pound, which represents 1.57% of open interest;
A sharp 25.55% decrease from 50,026 to 37,245 contracts long of the Japanese Yen, which represents 5.39% of open interest;
A key 31.55% decrease from 127,215 to 87,073 contracts net short of the Euro, which represents 9.94% of open interest;
A trimming 20.21% decrease from 32,798 to 26,168 contracts net short of the Australian Dollar, which represents 5.19% of open interest;
A small 1.46% increase from 44,225 to 44,872 contracts net long of the US Dollar Index, which represents 0
0.85% of open interest;
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 Futures by 71.31% from 131,871 to 225,905 contracts. Feel free to contact me directly for more specific information.
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