Forex Speculators Pushed Their Euro Currency Bullish Bets To 32-Week High

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 February 22nd 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 rise in bullish bets in the Euro currency futures contracts. Euro speculators raised their bullish bets for a third straight week this week and for the ninth time in the past ten weeks. Over this ten-week time-frame, Euro bets have gained by a total of +71,185 contracts, going from -10,162 net positions on December 12th to a total of +59,306 net positions through this Tuesday the 22nd of February (please note that this is a couple days before the Russian invasion of Ukraine). Overall, the current Euro standing is at the most bullish level of the past thirty-two weeks, dating back to July 13th when the net position was at +59,713 contracts.

Joining the Euro (11,725 contracts) with positive speculator changes this week were the yen (2,975 contracts), Brazil real (685 contracts), US Dollar Index (698 contracts), Australian dollar (2,614 contracts), Russian ruble (3,353 contracts) and the Mexican peso (7,851 contracts).

The currencies with declining bets were the Swiss franc (-1,272 contracts), British pound sterling (-8,046 contracts), New Zealand dollar (-2,218 contracts), Canadian dollar (-2,917 contracts) and Bitcoin (-68 contracts).

Data Snapshot of Forex Market Traders | Columns Legend

EUR 696,682 82 59,306 53 -98,050 48 38,744 39
JPY 194,169 51 -63,187 28 82,480 77 -19,293 8
AUD 192,579 77 -84,080 7 96,072 91 -11,992 23
GBP 188,443 31 -5,809 70 10,070 36 -4,261 47
MXN 171,299 36 16,825 35 -21,038 64 4,213 61
CAD 140,305 24 9,253 57 -14,143 47 4,890 40
BRL 94,577 100 24,445 100 -27,081 0 2,636 97
NZD 56,636 56 -11,551 52 13,908 52 -2,357 25
USD Index 54,922 78 36,084 88 -41,368 6 5,284 74
CHF 47,339 24 -10,987 51 19,110 52 -8,123 39
RUB 38,673 34 19,517 60 -20,053 40 536 49
Bitcoin 11,007 59 -283 91 -256 0 539 25

 


US Dollar Index Futures:

US Dollar Index Forex Futures COT Chart

The US Dollar Index large speculator standing this week came in at a net position of 36,084 contracts in the data reported through Tuesday. This was a weekly lift of 698 contracts from the previous week which had a total of 35,386 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 88.0 percent. The commercials are Bearish-Extreme with a score of 5.9 percent and the small traders (not shown in chart) are Bullish with a score of 74.3 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 79.6 5.0 12.7
– Percent of Open Interest Shorts: 13.9 80.3 3.1
– Net Position: 36,084 -41,368 5,284
– Gross Longs: 43,726 2,742 6,969
– Gross Shorts: 7,642 44,110 1,685
– Long to Short Ratio: 5.7 to 1 0.1 to 1 4.1 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 88.0 5.9 74.3
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: -3.1 4.6 -10.6

 


Euro Currency Futures:

Euro Currency Futures COT Chart

The Euro Currency large speculator standing this week came in at a net position of 59,306 contracts in the data reported through Tuesday. This was a weekly rise of 11,725 contracts from the previous week which had a total of 47,581 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 Bearish with a score of 48.0 percent and the small traders (not shown in chart) are Bearish with a score of 38.6 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 30.7 54.5 12.8
– Percent of Open Interest Shorts: 22.2 68.6 7.3
– Net Position: 59,306 -98,050 38,744
– Gross Longs: 214,195 379,583 89,334
– Gross Shorts: 154,889 477,633 50,590
– Long to Short Ratio: 1.4 to 1 0.8 to 1 1.8 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 53.2 48.0 38.6
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 16.4 -18.3 18.8

 


British Pound Sterling Futures:

British Pound Sterling Futures COT Chart

The British Pound Sterling large speculator standing this week came in at a net position of -5,809 contracts in the data reported through Tuesday. This was a weekly lowering of -8,046 contracts from the previous week which had a total of 2,237 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 69.8 percent. The commercials are Bearish with a score of 35.6 percent and the small traders (not shown in chart) are Bearish with a score of 46.8 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 22.4 61.8 12.8
– Percent of Open Interest Shorts: 25.5 56.4 15.1
– Net Position: -5,809 10,070 -4,261
– Gross Longs: 42,249 116,372 24,154
– Gross Shorts: 48,058 106,302 28,415
– Long to Short Ratio: 0.9 to 1 1.1 to 1 0.9 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 69.8 35.6 46.8
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 16.8 -16.5 9.5

 


Japanese Yen Futures:

Japanese Yen Forex Futures COT Chart

The Japanese Yen large speculator standing this week came in at a net position of -63,187 contracts in the data reported through Tuesday. This was a weekly rise of 2,975 contracts from the previous week which had a total of -66,162 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 28.1 percent. The commercials are Bullish with a score of 77.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 8.1 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 5.7 83.5 9.2
– Percent of Open Interest Shorts: 38.2 41.0 19.1
– Net Position: -63,187 82,480 -19,293
– Gross Longs: 10,976 162,044 17,881
– Gross Shorts: 74,163 79,564 37,174
– Long to Short Ratio: 0.1 to 1 2.0 to 1 0.5 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 28.1 77.2 8.1
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 15.4 -12.8 3.4

 


Swiss Franc Futures:

Swiss Franc Forex Futures COT Chart

The Swiss Franc large speculator standing this week came in at a net position of -10,987 contracts in the data reported through Tuesday. This was a weekly decline of -1,272 contracts from the previous week which had a total of -9,715 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 50.8 percent. The commercials are Bullish with a score of 52.3 percent and the small traders (not shown in chart) are Bearish with a score of 39.4 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 8.0 71.2 20.5
– Percent of Open Interest Shorts: 31.2 30.9 37.6
– Net Position: -10,987 19,110 -8,123
– Gross Longs: 3,785 33,718 9,691
– Gross Shorts: 14,772 14,608 17,814
– Long to Short Ratio: 0.3 to 1 2.3 to 1 0.5 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 50.8 52.3 39.4
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: -5.8 4.0 -0.5

 


Canadian Dollar Futures:

Canadian Dollar Forex Futures COT Chart

The Canadian Dollar large speculator standing this week came in at a net position of 9,253 contracts in the data reported through Tuesday. This was a weekly lowering of -2,917 contracts from the previous week which had a total of 12,170 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 56.6 percent. The commercials are Bearish with a score of 47.3 percent and the small traders (not shown in chart) are Bearish with a score of 39.5 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 34.0 41.6 21.6
– Percent of Open Interest Shorts: 27.4 51.7 18.1
– Net Position: 9,253 -14,143 4,890
– Gross Longs: 47,661 58,345 30,327
– Gross Shorts: 38,408 72,488 25,437
– Long to Short Ratio: 1.2 to 1 0.8 to 1 1.2 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 56.6 47.3 39.5
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 16.1 -11.2 -1.0

 


Australian Dollar Futures:

Australian Dollar Forex Futures COT Chart

The Australian Dollar large speculator standing this week came in at a net position of -84,080 contracts in the data reported through Tuesday. This was a weekly lift of 2,614 contracts from the previous week which had a total of -86,694 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 6.9 percent. The commercials are Bullish-Extreme with a score of 90.6 percent and the small traders (not shown in chart) are Bearish with a score of 23.2 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 6.0 81.7 9.6
– Percent of Open Interest Shorts: 49.7 31.9 15.8
– Net Position: -84,080 96,072 -11,992
– Gross Longs: 11,553 157,416 18,459
– Gross Shorts: 95,633 61,344 30,451
– Long to Short Ratio: 0.1 to 1 2.6 to 1 0.6 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 6.9 90.6 23.2
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 6.9 -5.6 0.3

 


New Zealand Dollar Futures:

New Zealand Dollar Forex Futures COT Chart

The New Zealand Dollar large speculator standing this week came in at a net position of -11,551 contracts in the data reported through Tuesday. This was a weekly reduction of -2,218 contracts from the previous week which had a total of -9,333 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 51.9 percent. The commercials are Bullish with a score of 51.8 percent and the small traders (not shown in chart) are Bearish with a score of 24.8 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 30.6 62.6 4.6
– Percent of Open Interest Shorts: 51.0 38.1 8.8
– Net Position: -11,551 13,908 -2,357
– Gross Longs: 17,343 35,481 2,608
– Gross Shorts: 28,894 21,573 4,965
– Long to Short Ratio: 0.6 to 1 1.6 to 1 0.5 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 51.9 51.8 24.8
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: -4.9 5.6 -7.5

 


Mexican Peso Futures:

Mexican Peso Futures COT Chart

The Mexican Peso large speculator standing this week came in at a net position of 16,825 contracts in the data reported through Tuesday. This was a weekly lift of 7,851 contracts from the previous week which had a total of 8,974 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 34.5 percent. The commercials are Bullish with a score of 64.0 percent and the small traders (not shown in chart) are Bullish with a score of 60.9 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 42.5 53.0 4.1
– Percent of Open Interest Shorts: 32.7 65.3 1.7
– Net Position: 16,825 -21,038 4,213
– Gross Longs: 72,846 90,784 7,091
– Gross Shorts: 56,021 111,822 2,878
– Long to Short Ratio: 1.3 to 1 0.8 to 1 2.5 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 34.5 64.0 60.9
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 9.1 -9.3 4.2

 


Brazilian Real Futures:

Brazil Real Futures COT Chart

The Brazilian Real large speculator standing this week came in at a net position of 24,445 contracts in the data reported through Tuesday. This was a weekly lift of 685 contracts from the previous week which had a total of 23,760 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 Bullish-Extreme with a score of 97.0 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 55.0 40.2 4.8
– Percent of Open Interest Shorts: 29.1 68.9 2.0
– Net Position: 24,445 -27,081 2,636
– Gross Longs: 51,990 38,039 4,541
– Gross Shorts: 27,545 65,120 1,905
– Long to Short Ratio: 1.9 to 1 0.6 to 1 2.4 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 100.0 0.0 97.0
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish-Extreme
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 46.6 -49.2 31.8

 


Russian Ruble Futures:

Russian Ruble Futures COT Chart

The Russian Ruble large speculator standing this week came in at a net position of 19,517 contracts in the data reported through Tuesday. This was a weekly lift of 3,353 contracts from the previous week which had a total of 16,164 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 39.6 percent and the small traders (not shown in chart) are Bearish with a score of 49.1 percent.

RUSSIAN RUBLE Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 58.5 35.9 5.6
– Percent of Open Interest Shorts: 8.0 87.8 4.2
– Net Position: 19,517 -20,053 536
– Gross Longs: 22,625 13,895 2,152
– Gross Shorts: 3,108 33,948 1,616
– Long to Short Ratio: 7.3 to 1 0.4 to 1 1.3 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 59.6 39.6 49.1
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 23.4 -20.6 -25.0

 


Bitcoin Futures:

Bitcoin Crypto Futures COT Chart

The Bitcoin large speculator standing this week came in at a net position of -283 contracts in the data reported through Tuesday. This was a weekly lowering of -68 contracts from the previous week which had a total of -215 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 90.7 percent. The commercials are Bearish-Extreme with a score of 19.3 percent and the small traders (not shown in chart) are Bearish with a score of 25.2 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 77.2 2.9 12.2
– Percent of Open Interest Shorts: 79.8 5.3 7.3
– Net Position: -283 -256 539
– Gross Longs: 8,501 322 1,338
– Gross Shorts: 8,784 578 799
– Long to Short Ratio: 1.0 to 1 0.6 to 1 1.7 to 1
NET POSITION TREND:      
– Strength Index Score (3 Year Range Pct): 90.7 19.3 25.2
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish
NET POSITION MOVEMENT INDEX:      
– 6-Week Change in Strength Index: 2.1 -6.1 -0.5

 


*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.

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Disclosure: Foreign Currency trading and trading on margin carries a ...

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