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Tiny net positions after large % changes in Yen and Sterling.
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Nearly 50% increase in Swiss net longs, building position.
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Aussie maintains the largest net position again this week.
CFTC data released Friday June 3rdshowed IMM currency speculators increased bets against (short) the US dollar by 20.81% from $13.02 to billion in the week ending May 24th. The largest net position in the latest data was net longs in the Australian dollar, overtaking the Euro as the largest net long position in the currency futures markets two weeks ago.
The most recent Commitments of Traders data shows some significant percentage changes in speculative positions in the currencies from the prior week including the following:
An absolutely stunning 120.58% reversal(from net long 8,006 to net short1,648 contracts net long the Japanese Yen;
A respectable 14.85% decrease from 19,129 to 21,970 contracts net long the Euro;
A staggering 87.06%liquidation from 14,143 to only 1,829 contracts to net short 14,143 contracts net long the Pound Sterling;
A nearly halfway doubling43.34% increase from 14,725 to 21,119 contracts net long the Swiss Franc;
A solid 24.08% building increase from 21,277 to 26,402 contracts net long the Canadian dollar;
And small but important 13.14% increase from 53,043 to 60,015 contracts net long the Australian dollar, maintaining its place as the largest long net position in the fx currency futures market.
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Using Support and Resistance Levels to Improve Your Trading Thursday , June 9, 2011 2:00 PM Central Time
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Swiss Franc Charts
Latest CFTC Commitment of Traders Data
JAPANESE YEN (Contracts of 12,500,000 yen)
5/24/11 week 5/10/11 week
Long 32,188 36,100
Short 24,182 23,046
Net 8,006 13,054
EURO (Contracts of 125,000 euros)
5/24/11 week 5/10/11 week
Long 75,182 98,054
Short 56,053 36,607
Net 19,129 61,447
POUND STERLING (Contracts of 62,500 pounds sterling)
5/24/11 week 5/10/11 week
Long 28,090 41,368
Short 42,233 23,250
Net -14,143 18,118
SWISS FRANC (Contracts of 125,000 Swiss francs)
5/24/11 week 5/10/11 week
Long 23,088 27,905
Short 8,363 11,569
Net 14,725 16,336
CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)
5/24/11 week 5/17/11 week
Long 31,219 36,008
Short 9,942 9,717
Net 21,277 26,291
AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)
5/24/11 week 5/17/11 week
Long 63,002 61,179
Short 9,959 10,260
Net 53,043 50,919
