COT Euro Currency Speculators boosted their bullish bets to 23-week high

COT Euro Currency Speculators boosted their bullish bets to 23-week high

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday January 25th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data was the further gains of bullish bets in the Euro currency futures contracts. Euro speculators raised their bullish bets for a sixth consecutive week this week and for the seventh time in the past eight weeks. Over the last six-week time-frame, Euro bets have improved by a total of +43,439 contracts, going from -11,879 net positions on December 14th to +31,560 net positions this week. This week’s net speculator standing marks the highest level for Euro bets since August 17th, a span of twenty-three weeks.

Joining the Euro (6,976 contracts) with positive changes this week were the yen (12,606 contracts), US Dollar Index (427 contracts), Australian dollar (5,181 contracts), Swiss franc (2,014 contracts), Canadian dollar (4,825 contracts) and Bitcoin (515 contracts).

The currencies with declining bets were the British pound sterling (-7,516 contracts), New Zealand dollar (-2,442 contracts), Brazil real (-1,247 contracts), Russian ruble (-2,478 contracts) and the Mexican peso (-5,710 contracts).


Data Snapshot of Forex Market Traders | Columns Legend
Jan-25-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
USD Index 52,328 72 36,861 89 -42,505 4 5,644 78
EUR 682,952 77 31,560 45 -56,258 60 24,698 15
GBP 182,040 27 -7,763 68 16,842 40 -9,079 37
JPY 197,830 53 -68,273 25 82,863 77 -14,590 18
CHF 39,742 14 -8,796 55 13,479 46 -4,683 50
CAD 146,448 28 12,317 60 -19,581 44 7,264 44
AUD 190,020 75 -83,273 8 97,749 92 -14,476 17
NZD 53,316 50 -10,773 53 13,281 51 -2,508 23
MXN 150,142 26 -790 27 -1,478 72 2,268 53
RUB 46,883 48 3,944 23 -4,288 76 344 44
BRL 46,657 54 -12,616 52 11,258 48 1,358 83
Bitcoin 11,756 64 -34 100 -478 0 512 25

 


US Dollar Index Futures:

US Dollar Index Forex Futures COT ChartThe US Dollar Index large speculator standing this week resulted in a net position of 36,861 contracts in the data reported through Tuesday. This was a weekly rise of 427 contracts from the previous week which had a total of 36,434 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 89.4 percent. The commercials are Bearish-Extreme with a score of 4.0 percent and the small traders (not shown in chart) are Bullish with a score of 78.3 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 79.8 3.4 14.6
– Percent of Open Interest Shorts: 9.4 84.6 3.8
– Net Position: 36,861 -42,505 5,644
– Gross Longs: 41,772 1,777 7,658
– Gross Shorts: 4,911 44,282 2,014
– Long to Short Ratio: 8.5 to 1 0.0 to 1 3.8 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 89.4 4.0 78.3
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 9.7 -9.8 3.0

 


Euro Currency Futures:

Euro Currency Futures COT ChartThe Euro Currency large speculator standing this week resulted in a net position of 31,560 contracts in the data reported through Tuesday. This was a weekly rise of 6,976 contracts from the previous week which had a total of 24,584 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.7 percent. The commercials are Bullish with a score of 59.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.3 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 31.2 55.5 11.6
– Percent of Open Interest Shorts: 26.6 63.8 8.0
– Net Position: 31,560 -56,258 24,698
– Gross Longs: 213,408 379,154 79,273
– Gross Shorts: 181,848 435,412 54,575
– Long to Short Ratio: 1.2 to 1 0.9 to 1 1.5 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 44.7 59.8 15.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 13.3 -11.2 -6.2

 


British Pound Sterling Futures:

British Pound Sterling Futures COT ChartThe British Pound Sterling large speculator standing this week resulted in a net position of -7,763 contracts in the data reported through Tuesday. This was a weekly lowering of -7,516 contracts from the previous week which had a total of -247 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 68.4 percent. The commercials are Bearish with a score of 39.6 percent and the small traders (not shown in chart) are Bearish with a score of 36.8 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 20.1 64.7 13.7
– Percent of Open Interest Shorts: 24.4 55.5 18.7
– Net Position: -7,763 16,842 -9,079
– Gross Longs: 36,666 117,812 24,909
– Gross Shorts: 44,429 100,970 33,988
– Long to Short Ratio: 0.8 to 1 1.2 to 1 0.7 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 68.4 39.6 36.8
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 31.0 -31.7 22.0

 


Japanese Yen Futures:

Japanese Yen Forex Futures COT ChartThe Japanese Yen large speculator standing this week resulted in a net position of -68,273 contracts in the data reported through Tuesday. This was a weekly advance of 12,606 contracts from the previous week which had a total of -80,879 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 24.9 percent. The commercials are Bullish with a score of 77.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.3 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 8.0 81.0 9.1
– Percent of Open Interest Shorts: 42.5 39.1 16.4
– Net Position: -68,273 82,863 -14,590
– Gross Longs: 15,866 160,178 17,950
– Gross Shorts: 84,139 77,315 32,540
– Long to Short Ratio: 0.2 to 1 2.1 to 1 0.6 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 24.9 77.3 18.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: -9.3 5.9 6.4

 


Swiss Franc Futures:

Swiss Franc Forex Futures COT ChartThe Swiss Franc large speculator standing this week resulted in a net position of -8,796 contracts in the data reported through Tuesday. This was a weekly gain of 2,014 contracts from the previous week which had a total of -10,810 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 54.6 percent. The commercials are Bearish with a score of 46.0 percent and the small traders (not shown in chart) are Bearish with a score of 49.5 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 5.0 69.4 25.2
– Percent of Open Interest Shorts: 27.2 35.5 36.9
– Net Position: -8,796 13,479 -4,683
– Gross Longs: 1,999 27,591 9,996
– Gross Shorts: 10,795 14,112 14,679
– Long to Short Ratio: 0.2 to 1 2.0 to 1 0.7 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 54.6 46.0 49.5
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: -0.8 -1.5 5.2

 


Canadian Dollar Futures:

Canadian Dollar Forex Futures COT ChartThe Canadian Dollar large speculator standing this week resulted in a net position of 12,317 contracts in the data reported through Tuesday. This was a weekly increase of 4,825 contracts from the previous week which had a total of 7,492 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.6 percent. The commercials are Bearish with a score of 43.5 percent and the small traders (not shown in chart) are Bearish with a score of 44.2 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 36.3 39.3 21.5
– Percent of Open Interest Shorts: 27.9 52.6 16.6
– Net Position: 12,317 -19,581 7,264
– Gross Longs: 53,129 57,492 31,539
– Gross Shorts: 40,812 77,073 24,275
– Long to Short Ratio: 1.3 to 1 0.7 to 1 1.3 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 59.6 43.5 44.2
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 24.7 -12.1 -15.8

 


Australian Dollar Futures:

Australian Dollar Forex Futures COT ChartThe Australian Dollar large speculator standing this week resulted in a net position of -83,273 contracts in the data reported through Tuesday. This was a weekly rise of 5,181 contracts from the previous week which had a total of -88,454 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 7.6 percent. The commercials are Bullish-Extreme with a score of 91.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.1 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 8.0 80.7 8.6
– Percent of Open Interest Shorts: 51.8 29.3 16.2
– Net Position: -83,273 97,749 -14,476
– Gross Longs: 15,121 153,386 16,371
– Gross Shorts: 98,394 55,637 30,847
– Long to Short Ratio: 0.2 to 1 2.8 to 1 0.5 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 7.6 91.8 17.1
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: -4.1 -0.5 12.3

 


New Zealand Dollar Futures:

New Zealand Dollar Forex Futures COT ChartThe New Zealand Dollar large speculator standing this week resulted in a net position of -10,773 contracts in the data reported through Tuesday. This was a weekly decline of -2,442 contracts from the previous week which had a total of -8,331 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 53.2 percent. The commercials are Bullish with a score of 50.9 percent and the small traders (not shown in chart) are Bearish with a score of 23.1 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 29.9 63.2 5.2
– Percent of Open Interest Shorts: 50.1 38.3 9.9
– Net Position: -10,773 13,281 -2,508
– Gross Longs: 15,948 33,712 2,784
– Gross Shorts: 26,721 20,431 5,292
– Long to Short Ratio: 0.6 to 1 1.7 to 1 0.5 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 53.2 50.9 23.1
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: -8.2 7.9 -2.2

 


Mexican Peso Futures:

Mexican Peso Futures COT ChartThe Mexican Peso large speculator standing this week resulted in a net position of -790 contracts in the data reported through Tuesday. This was a weekly decrease of -5,710 contracts from the previous week which had a total of 4,920 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 27.0 percent. The commercials are Bullish with a score of 72.2 percent and the small traders (not shown in chart) are Bullish with a score of 52.6 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 44.3 51.6 3.9
– Percent of Open Interest Shorts: 44.8 52.6 2.4
– Net Position: -790 -1,478 2,268
– Gross Longs: 66,449 77,473 5,892
– Gross Shorts: 67,239 78,951 3,624
– Long to Short Ratio: 1.0 to 1 1.0 to 1 1.6 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 27.0 72.2 52.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 4.2 -5.8 17.0

 


Brazilian Real Futures:

Brazil Real Futures COT ChartThe Brazilian Real large speculator standing this week resulted in a net position of -12,616 contracts in the data reported through Tuesday. This was a weekly lowering of -1,247 contracts from the previous week which had a total of -11,369 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 51.7 percent. The commercials are Bearish with a score of 48.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.2 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 45.9 45.6 7.6
– Percent of Open Interest Shorts: 73.0 21.5 4.7
– Net Position: -12,616 11,258 1,358
– Gross Longs: 21,434 21,274 3,541
– Gross Shorts: 34,050 10,016 2,183
– Long to Short Ratio: 0.6 to 1 2.1 to 1 1.6 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 51.7 48.4 83.2
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: -10.7 8.4 21.0

 


Russian Ruble Futures:

Russian Ruble Futures COT ChartThe Russian Ruble large speculator standing this week resulted in a net position of 3,944 contracts in the data reported through Tuesday. This was a weekly decrease of -2,478 contracts from the previous week which had a total of 6,422 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 22.7 percent. The commercials are Bullish with a score of 75.7 percent and the small traders (not shown in chart) are Bearish with a score of 43.9 percent.

RUSSIAN RUBLE Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.4 63.3 4.3
– Percent of Open Interest Shorts: 24.0 72.4 3.6
– Net Position: 3,944 -4,288 344
– Gross Longs: 15,179 29,669 2,015
– Gross Shorts: 11,235 33,957 1,671
– Long to Short Ratio: 1.4 to 1 0.9 to 1 1.2 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 22.7 75.7 43.9
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: -29.8 30.5 -20.0

 


Bitcoin Futures:

Bitcoin Crypto Futures COT ChartThe Bitcoin large speculator standing this week resulted in a net position of -34 contracts in the data reported through Tuesday. This was a weekly boost of 515 contracts from the previous week which had a total of -549 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bearish with a score of 24.6 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 73.8 2.4 12.5
– Percent of Open Interest Shorts: 74.1 6.5 8.1
– Net Position: -34 -478 512
– Gross Longs: 8,678 285 1,469
– Gross Shorts: 8,712 763 957
– Long to Short Ratio: 1.0 to 1 0.4 to 1 1.5 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 100.0 0.0 24.6
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 16.9 -60.9 -0.1

 


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*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) 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) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

Invest Macro

Invest Macro

InvestMacro is an independent investing media website. Started in 2007 as a simple trading blog (as CountingPips.com) focused on global major currencies, InvestMacro has since steadily expanded and evolved. Our mission is to provide independent coverage of the relevant financial markets for global macro investors. All information and opinions are for general informational purposes only and do not constitute investment advice.