ForexLive » IMM

Specs now short the greenback

Jamie Coleman — Fri, 16 Jul 2010 20:14:16 +0000

They’ve finally turned around the battleship…

Have a great weekend, all!

Looking at COT data

Jamie Coleman — Tue, 13 Jul 2010 17:47:17 +0000

Here’s a little tutorial for looking at the Commitment of Traders reports published each Friday by the CFTC.

In forex, ignore the “commercial” category (the categories the CFTC use are more appropriate for physical commodities like agricultural goods, rather than financial futures…) on the table and concentrate on the “non-commercial” or speculative category. To find the market’s overall position, simply net together the long and the shorts. The data released last Friday, as of the end of business July 6, shows the market was net short a total of 38.909 contracts, a big decline over the prior week.

COT data as of Tuesday’s close

Jamie Coleman — Sat, 03 Jul 2010 12:18:35 +0000

They’ll look very different next week given the big euro rally to end the week.

EUR shorts hit another record on IMM

Jamie Coleman — Fri, 14 May 2010 19:49:12 +0000

No real surprise given we’ve fallen like a rock since Monday morning but net EUR shorts rose to a record 113.9K contracts on the IMM as of the close of business on Tuesday. The market is probably even shorter now.

GBP is also at a record short position of 72.2K.

Fading the market based on the this Commitments of Traders data has been a losing effort of late, but the data is instructive. Once the turn comes in the market, the rebound will be swift. If short, keep stops in place or use some profits to buy out-of the-money calls to protect your winnings.

IMM specs add to dollar longs this week

Jamie Coleman — Fri, 02 Apr 2010 20:18:25 +0000

EUR shorts at record high as well.

IMM specs get longer dollars, CFTC reports

Jamie Coleman — Sat, 06 Feb 2010 14:02:51 +0000

The market is longest dollars since March of last year when the dollar topped and began a 7-month slide.

Futures traders got shorter USD, as of Tuesday

Jamie Coleman — Fri, 22 Jan 2010 21:57:29 +0000

As of Tuesday’s close, IMM specs had added to dollar shorts.

Futures market now short dollars

Jamie Coleman — Sat, 16 Jan 2010 17:31:42 +0000

Looks like the market is truly chancing its tail early in 2010. IMM specs turned short of dollars just as the dollar was getting set to rebound late in the week.

Futures traders long beaucoup bucks

Jamie Coleman — Mon, 04 Jan 2010 21:33:39 +0000

Looks like the dollar dip of recent sessions is simple profit-taking. The net dollar long position on the IMM rose to $4.76 bln in the week ended December 29 from $700 the December 22 week. Looks like some of that has been unwound early in the new year….

IMM added to dollar shorts early in week

Jamie Coleman — Fri, 20 Nov 2009 21:09:22 +0000

Here’s the Reuters round up of positions on the IMM. They added to shorts, through the close of business Tuesday.

With that, we wish you a pleasant weekend!

Specs raise short USD bets

Jamie Coleman — Fri, 09 Oct 2009 20:25:25 +0000

As expected, speculators on the IMM added to dollar shorts in the latest data.

Specs added to dollar shorts on IMM

Jamie Coleman — Sat, 29 Aug 2009 14:19:23 +0000

Commitments of Traders data show short dollar positions were added-to last week

Chicago trims positions way back

Jamie Coleman — Fri, 14 Aug 2009 19:54:17 +0000

Specs on the IMM cut bets against the dollar way back this week, as one would have expected after the big rally last Friday. The market had that sort of feel this week, one trading from a much more balanced position, willing to chase anything that had the whiff of a trend about it. We’ll post data when it becomes available on the web, but for instance, EUR/USD contracts were cut from long 27,000 to less than 17,000 as of Tuesday’s close. UPDATE: Here’s the data. You’re welcome, Lilac!

Have a great weekend, all!

Forex news: IMM speculators trim dollar longs

Jamie Coleman — Fri, 13 Mar 2009 20:20:13 +0000

The weekly data on positions held by players on the IMM can be found here. EUR/USD short positions were trimmed by nearly half. The data is as of the close of business on Tuesday the 10th of March.

Have a great weekend everyone!