The Currency Report
Large Currency Speculators further trimmed net short Euro bets (by over 23%), while adding to net longs in Yen, latest CFTC data shows…
(Commitments of Traders Data)
Large Currency Speculators further trimmed net short Euro bets (by over 23%) , while adding to net longs in Yen. Trimming of bets short Euro may be indicative of profit taking by large speculators following significant declines since mid-2015, see chart on this page. It should be highlighted that this week’s net short Euro position has declined to less than half of its level two weeks ago…
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 +43k, +16% EC -63k, -23%
AD -5k, -78%
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 0.93% decrease from 52,420 to 51,935 contracts net short of the Canadian dollar, which represents 0.31% of open interest;
An overstated 54.80% increase from 4,695 to 7,268 contracts net short of the Swiss Franc, which represents 4.88% of open interest;
A significant 19.37% decrease from 45,018 to 36,300 contracts net short of the British Pound, which represents 3.41% of open interest;
A strong 16.07% increase from 37,245 to 43,232 contracts long of the Japanese Yen, which represents 2.53% of open interest;
A stunning 23.75% decrease from 87,073 to 63,314 contracts net short of the Euro, which represents 5.38% of open interest;
A trimming 78.50% decrease from 26,168 to 5,626 contracts net short of the Australian Dollar, which represents 18.12% of open interest;
A small 21.97% decrease from 44,872 to 35,013 contracts net long of the US Dollar Index, which represents 12.99% 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 3.73% from 225,905 to 234,321 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 email@example.com 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.