FXEMPIRE
All
Ad
Advertisement
Advertisement
Ole Hansen
Add to Bookmarks
Stacks of Ten Thousand Dollars Cash

Saxo Bank publishes two weekly Commitment of Traders reports (COT) covering leveraged fund positions in bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial.

This summary highlights futures positions and changes made by speculators such as hedge funds and CTA’s across forex, bonds and stocks up until last Tuesday, June 30. During the week appetite for risk temporarily received a knock with the S&P 500 trading softer while the dollar and bonds rose.

Advertisement
Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Note: The data was released on Monday instead of Friday due to the U.S. federal holiday.

The dollar strengthened against all ten IMM currency futures while the Dollar Index rose by 0.8%. In response to these developments, speculators cut bearish dollar bets by 16% to $15.1 billion, the first week of dollar buying in six.

Most of the action was concentrated in EURUSD with the net long seeing a 16% reduction (€2.4 billion) from a two year high. Other smaller but still noticeable changes were long liquidation in the Japanese yen and additional short selling of the British pound.

The Aussie dollar, having rallied by more than 25% since the March low saw further short-covering with speculators being the least bearish in more than two years.

Leveraged fund positions in bonds, stocks and VIX

For a look at all of today’s economic events, check out our economic calendar.

Ole Hansen, Head of Commodity Strategy at Saxo Bank.

Start trading now

This article is provided by Saxo Capital Markets (Australia) Pty. Ltd, part of Saxo Bank Group through RSS feeds on FX Empire

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker