Tag Archives: Commitment of Traders

Sterling In the days ahead of the murder of Jo Cox, a UK member of parliament, apparently for her support for remaining in the EU, speculators in the futures market scooped up sterling.  They added 25.4k sterling contracts to lift the gross long position to 61.7k contracts.  This is the second largest long speculative position after the mid-March holdings of 62.9k long contracts. In the previous CFTC reporting...

On the Swiss Franc: Price action shows a increase of the Swiss franc after the bad US payrolls report. Commitments of traders, however, indicate a move to a short CHF position of 9600 x 100k contracts against the dollar. Chandler: “Although Swiss franc speculative position adjustment was not large, it was counterintuitive.  The market has been rife with talk of Swiss franc buying, and the euro-franc cross has fallen...

The Swiss Franc net position was reduced from 4.0 contracts long to 0.1 thousand contracts long. Apart from the yen., other speculative position barely changed. We are keen on next week’s data that should reflect the dismal US jobs report. Even recognizing a holiday-short week, speculative position adjustments were minor in the days before the ECB meeting and the US jobs report.   There were no gross position adjustments that met the 10k contract threshold. The largest gross...

Speculators remain Long CHF against USD. The figure is  nearly unchanged at 4.0 k CHF contracts. For CHF, both shorts and longs increased.This weeks major change was in the yen and in AUD. Speculators strongly reduced their longs. Yen and Aussie There were only two significant speculative position adjustments in the latest CFTC reporting week ending May 24.  Speculators liquidated 31.4k gross long yen contracts, leaving the bulls with 54.8k contracts.  It is the largest weekly...

Speculative positioning in the currency futures began to adjust before the latest signals from the Federal Reserve about the prospects for a summer hike and the widening of interest rate differentials.  In the CFTC reporting week ending May 17, the day before the FOMC minutes were released speculators mostly reduced gross long currency positions and added to gross short positions.   There were a few exceptions.  Speculators added less than 500 contracts to the gross long euro position...

The US dollar staged an impressive reversal against many of the major foreign currencies on May 3. In the following week, speculators in the currency futures market made significant adjustment in their holdings. We identified a change in the gross position in the currency futures of 10k contracts or more to be significant.  In the week ending May 3, there were two such adjustments. In the CFTC reporting period ending May 10, there six of the 16 gross position we track surpassed the 10k...

Speculators in the futures market continued to pare short foreign currency positions but were cautious about expanding long positions in the CFTC reporting week ending May 3.  In fact, two of the three largest adjustments were the cutting of gross long Japanese yen and Australian dollar positions. Yen Speculators took profits on 11.8k contracts of gross long yen positions, leaving 85.6k contracts still long.  It was the second consecutive week that gross long yen positions were...

Speculators in the futures market made mostly small position adjustments in the sessions leading up to the FOMC and BOJ meetings.   During the Commitment of Traders reporting week ending April 26, the largest adjustment of speculative position in the currency futures was the 12.5 k build of gross long Australian dollar contracts. The accumulation lifted the gross position to 110.0k contracts, which surpasses the speculative gross long euro position (99.1k contracts) and the speculative...

Speculators in the futures market continued to press a bearish view of the US dollar the CFTC reporting week ending April 19.According to the Commitment of Traders report, speculators added to their gross long currency futures position in seven of the eight currencies we track. The exception was the British pound, where speculators liquidated a minor 1.1k contracts, leaving them with 32.8k gross long sterling future contracts. That said, most gross currency adjustments were small, but...

Speculators were undeterred by the threat of BOJ intervention. In the CFTC reporting period ending April 12, speculators boosted their net and gross long yen positions to new record highs. The bulls added 2k contracts to their gross long position to give them 100.1k yen futures contracts. The bulls, who had tried picking a bottom over the past two reporting periods, gave up and reduced their gross short position by 4.1k contracts to 33.9k. The resulted in a 6k increase in the net long...