By CountingPips.com – Receive our weekly COT Reports by Email
US Dollar Index Non-Commercial Speculator Positions:
Large currency speculators continued to cut back on their net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of -5,787 contracts in the data reported through Tuesday January 30th. This was a weekly decrease of -1,614 contracts from the previous week which had a total of -4,173 net contracts.
The US dollar Index speculative position has now fallen or become more bearish for six straight weeks with the overall level now at the most bearish standing in eight weeks.
US Dollar Index Commercial Positions:
Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 2,368 contracts on the week. This was a weekly gain of 1,924 contracts from the total net of 444 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the UUP ETF, which tracks the price of US Dollar Index, closed at approximately $23.28 which was a fall of $-0.23 from the previous close of $23.51, according to unofficial market data.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
Article By CountingPips.com – Receive our weekly COT Reports by Email