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Commitments of Traders

CFTC Commitments of Traders – Improved Risk Appetite Weighed on US dollar and Lifted Euro. The Trend may Reverse

As suggested in the CFTC Commitments of Traders report in the week ended June 9, NET LENGTH in USD Index fell -3 569 contracts to 4 689. Speculative long positions increased +2 999 contracts and short positions rose +6 568 contracts. Concerning European currencies, NET LENGTH in EUR futures...

CFTC Commitments of Traders – Renewed Coronavirus Concerns may Lead to New Rally in Gold

Gold price continued to consolidate at top range. As we mentioned in the previous report, the yellow metal will resume recent rally after pullback. Renewed concerns about third wave of coronavirus outbreak in the US and China are expected to drive demand for gold. This could lead to increase...

CFTC Commitments of Traders – Traders Trimmed Long bets on USD, whilst Shorts in NZD and CAD Futures Dropped

As suggested in the CFTC Commitments of Traders report in the week ended June 2, NET LENGTH in USD Index fell -6 541 contracts to 8 258. Speculative long positions decreased -3 162 contracts and short positions were up +3 379 contracts. Concerning European currencies, NET LENGTH in EUR...

CFTC Commitments of Traders – Traders Bet Higher Crude Oil Price, and Lower Gold Price, as Risk Appetite Returned

According to the CFTC Commitments of Traders report for the week ended June 2, NET LENGTH for crude oil futures rose +25 756 contracts to 568 330 for the week. Speculative long positions soared +27 938 contracts while shorts added +2 182 contracts. For refined oil products, NET LENGTH...

CFTC Commitments of Traders – Euro Rallied to Highest in 2 Months after European Commission’s Stimulus Plan

As suggested in the CFTC Commitments of Traders report in the week ended May 26, NET LENGTH in USD Index dropped -2 498 contracts to 14 799. Speculative long positions decreased -3 476 contracts and short positions were down -978 contracts. Concerning European currencies, NET LENGTH in EUR futures...

CFTC Commitments of Traders – Traders Took Profit on Gold after Failing to Break New High

According to the CFTC Commitments of Traders report for the week ended May 26, NET LENGTH for crude oil futures dropped -1 029 contracts to 542 574 for the week. Speculative long positions gained +9 217 contracts while shorts jumped +10 246 contracts. For refined oil products, NET LENGTH...

CFTC Commitments of Traders – NET SHORT of GBP Futures Jumped as Concerns about Brexit Talks Reemerged

As suggested in the CFTC Commitments of Traders report in the week ended May 19, NET LENGTH in USD Index added +847 contracts to 17 297. Speculative long positions gained +559 contracts and short positions were down -288 contracts. Concerning European currencies, NET LENGTH in EUR futures declined -5...

CFTC Commitments of Traders – Traders Bet Precious Metals to Go Higher

According to the CFTC Commitments of Traders report for the week ended May 19, NET LENGTH for crude oil futures added +2 584 contracts to 543 603 for the week. Speculative long positions declined -17 540 contracts while shorts slumped -20 124 contracts. For refined oil products, NET LENGTH...

CFTC Commitments of Traders report – Traders Trimmed Bets on USD Futures

As suggested in the CFTC Commitments of Traders report in the week ended May 12, NET LENGTH in USD Index added +25 contracts to 16 450. Speculative long positions dropped -757 contracts and short positions were down -782 contracts. Concerning European currencies, NET LENGTH in EUR futures gained +1...

CFTC Commitments of Traders – Traders Trimmed Bets on Crude Oil, while Net Length on Gold Declined

Traders trimmed bets on crude oil futures. Although output cuts by OPEC+ and in the US have temporarily relieved storage, the outlook of the oil market remains uncertain. Macroeconomic data from major economies suggest that unemployment is rising. This could lead to demand disruption, and eventually cause selloff in...

CFTC Commitments of Traders – Traders Trimmed Bets on USD Index Futures amidst Economic Uncertainty

As suggested in the CFTC Commitments of Traders report in the week ended May 5, NET LENGTH in USD Index added +337 contracts to 16 425. Speculative long positions dropped -1 556 contracts and short positions were down -1 893 contracts. Concerning European currencies, NET LENGTH in EUR futures...

CFTC Commitments of Traders – NET LENGTH in Crude Oil Futures Declined after Weeks of Price Recovery

WTI crude oil price continued to recover last week as increase in US inventory decelerated. The market also anticipated that demand would gradually improve amidst signs of stabilization in the coronavirus pandemic. However, caution is still warranted as storage at  Cushing, the delivery point of WTI crude oil, is...

CFTC Commitments of Traders – Bets on Higher Safe Haven Currencies Increased

As suggested in the CFTC Commitments of Traders report in the week ended April 30, NET LENGTH in USD Index added +472 contracts to 16 088. Speculative long positions gained +1 425 contracts and short positions added +953 contracts. Concerning European currencies, NET LENGTH in EUR futures declined -7...

CFTC Commitments of Traders – NET LENGTH on Crude Oil Increased on Bargain Hunting

According to the CFTC Commitments of Traders report for the week ended April 30, NET LENGTH for crude oil futures added +2 208 contracts to 589 388 for the week. Speculative long positions gained +1 530 contracts while shorts dropped -678 contracts.  While the front-month WTI crude contract rebounded ...

CFTC Commitments of Traders – Traders Bet Crude Oil Price to Rebound after Collapse

According to the CFTC Commitments of Traders report for the week ended April 21, NET LENGTH for crude oil futures soared +76 511 contracts to 587 180 for the week. Speculative long positions jumped +35 774 contracts while shorts added -40 737 contracts. The WTI contract for May delivery...

CFTC Commitments of Traders – Bets on Lower British Pound Rose on Disappointing UK Data

As suggested in the CFTC Commitments of Traders report in the week ended April 21, NET LENGTH in USD Index added +259 contracts to 15 616. Speculative long positions gained +989 contracts and short positions added +723 contracts. Concerning European currencies, NET LENGTH in EUR futures rose +601 contracts...

CFTC Commitments of Traders – Traders Bet Higher Euro on First Sign that Coronavirus Pandemic is Under Control

As suggested in the CFTC Commitments of Traders report in the week ended April 14, NET LENGTH in USD Index added +333 contracts to 15 357. Speculative long positions gained +1 044 contracts and short positions added +711 contracts. Concerning European currencies, NET LENGTH in EUR futures rose +6...

CFTC Commitments of Traders – Signs of Bargain-Hunting Emerged as Crude Oil Price Slumped to Two Decades’ Low

According to the CFTC Commitments of Traders report for the week ended April 14, NET LENGTH for crude oil futures gained +25 774 contracts to 510 669 for the week. Speculative long positions jumped +44 703 contracts while shorts added +18 929 contracts. Traders bet high crude oil prices...

CFTC Commitments of Traders – Bets on US Dollar Trimmed while Increased in Safe Haven Currencies

As suggested in the CFTC Commitments of Traders report in the week ended April 7, NET LENGTH in USD Index added +959 contracts to 15 014. Traders trimmed bets on both side as the market awaited more stimulus from the Fed. Speculative long positions dropped -134 contracts and short...

CFTC Commitments of Traders – Recovery on Oil Prices Fades on Failure to Agree on Coordinated Output Cut

According to the CFTC Commitments of Traders report for the week ended April 7, NET LENGTH for crude oil futures surged + 49 787 contracts to 484 895 for the week. Speculative long positions jumped +31 374 contracts while shorts declined -18 413 contracts. Crude oil price recovered from...

CFTC Commitments of Traders – Bet on Higher Euro should Fade as Data in Eurozone Disappoint

As suggested in the CFTC Commitments of Traders report in the week ended March 31, NET LENGTH in USD Index gained +1 545 contracts to 14 065. Speculative long positions added +496 contracts and short positions dropped -1 049 contracts. Concerning European currencies, NET LENGTH in EUR futures jumped...

CFTC Commitments of Traders – Bets on Higher Oil Price Could Increase Temporary on Output Cut Speculations

According to the CFTC Commitments of Traders report for the week ended March 31, NET LENGTH for crude oil futures dropped -905 contracts to 435 108 for the week. Speculative long positions rose +46 031 contracts while shorts jumped +46 936 contracts. Bets for higher crude oil prices could...

CFTC Commitments of Traders – US Dollar Remained Firm again Major Currencies

The reporting period was ahead of Fed's announcement of QE infinity. During the week, US dollar rallied against major currencies. Although the Fed announced to resumed QE, the purchase of US$700B of assets was small as a percentage of US GDP. Meanwhile, as other central banks have announced to...

CFTC Commitments of Traders – Gold Price Resumed Rally while Crude Oil Fell to Almost Decade Low as Recession Risk Heightened

Bets on higher gold price increased as worsening coronavirus pandemic intensified concerns over global recession. On the other hand, traders increased bets on both higher and lower crude oil prices, but the latter prevailed. The front-month WTI crude contract slumped to lowest level since 2011 during the week. According...

CFTC Commitments of Traders – Bets on Major Currencies Reduced as Global Central Banks Rushed to Cut Rates

Bets on major currency futures were trimmed on last week, as major central banks announced emergency measures to contain risks of global recession. US dollar soared last week despite Fed's two rate cuts in 2 weeks, bringing the Fed funds rate -150 bps lower. Besides announcing to expand QE...

CFTC Commitments of Traders – Traders Trimmed Bets on Commodities amidst Rising Global Uncertainty

Bets on oil and precious metals futures fell across the board. According to the CFTC Commitments of Traders report for the week ended March 17, NET LENGTH for crude oil futures jumped +52 840 contracts to 440 237 for the week. Speculative long positions fell -14 748 contracts while...

CFTC Commitments of Traders – Safe Havens Shone amidst Risk Aversion

As suggested in the CFTC Commitments of Traders report in the week ended March 10, NET LENGTH in USD Index declined -10 076 contracts to 12 412. Speculative long positions fell -6 280 contracts and short positions gained +3 796 contracts. Concerning European currencies, NET SHORT for EUR futures...

CFTC Commitments of Traders – NET LENGTH on Crude Oil and Gold Slumped on Price Correction

According to the CFTC Commitments of Traders report for the week ended March 10, NET LENGTH for crude oil futures dropped -972 contracts to 387 397 for the week. Speculative long positions jumped +23 663 contracts while shorts jumped -24 635 contracts. NET LENGTH should decline further in the...

CFTC Commitments of Traders – Traders Trimmed Bets on Euro as the Currency Rallied Despite Soaring Coronavirus Cases in the Region

As suggested in the CFTC Commitments of Traders report in the week ended March 3, NET LENGTH in USD Index droped -2 589 contracts to 22 488. Speculative long positions fell -7 880 contracts and short positions declined -5 291 contracts. Bets on both sides obviously shrank as the...

CFTC Commitments of Traders – Crude Oil Prices Slumped as OPEC+ Failed to Agree on Further Output Cut

According to the CFTC Commitments of Traders report for the week ended March 3, NET LENGTH for crude oil futures plunged -43 097 contracts to 388 369 for the week. Speculative long positions added +5 106 contracts while shorts jumped -48 203 contracts. NET LENGTH for crude oil futures...