The Currency Report

IMM Currency Specs Increased Net Short Euro Bets to Record High Levels, latest CFTC data shows

Paul Kavanaugh — 2012-01-31T14:54:00Z

Currency Analysis

By Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Nineteenth straight week of net long US dollar bets.

-Euro zone debt crisis continues to dominate currency news

-Large Speculators increase net short positions in Euro to another all-time record high

-Large Speculators cut bets net short Canadian Dollar by more than one third

CFTC data released Friday January 20th shows IMM currency speculators increased bets net short the Euro to yet another all-time record high. 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:

Commitments of Traders Data (Released Friday January 27th)

(Non-Commercial Net Position Data thru Tuesday January 24th)

A sizable 34.18% decrease from 28,730 to 18,909 contracts net short of the Canadian dollar;

A negligible 0.24% decrease from 12,822 to 12,514 contracts net short of the Swiss Franc;

A trimming 24.67% decrease from 41,634 to 31,361 contracts net short of the British Pound;

A building 7.07% increase from 160,030 to a new record 171,347 contracts net short of the Euro;

A sizable 24.62% decrease from 58,862 to 44,367 contracts net long of the Japanese Yen;

And a huge 27.95% increase from 54,306 to 69,486 contracts net long of the Australian dollar.

(Source CFTC.gov)

"Take advantage of my mid-session support and resistance levels and charts via E-mail daily! To get your free trial, just send an email with "Mid-Session #s" in the subject line to pkavanaugh@pfgbest.com or call 1-888-439-6033. And if you are ready to open your account just give us a call today!"

See what PFGBEST analysts have to say about the markets of second half 2011...Click on this link or paste in your browser to get the PFGBEST Outlook 2011 Midyear Review http://www.pfgbest.com/Services/Research/Outlook/

Read my Feature Article in the September issue of SFO Magazine! Click on the link below to read the article and hear the interview today!

http://www.sfomag.com/eSFO/eSFO2011_09.aspx?page=28

Good Trading!

There is a substantial risk of loss in trading futures and options. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. PFGBEST, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.

IMM Currency Specs increased short Euro bets to record levels, latest CFTC data shows

Paul Kavanaugh — 2012-01-31T14:54:00Z

Currency Analysis

By Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Nineteenth straight week of net long US dollar bets.

-Euro zone debt crisis continues to dominate currency news

-Large Speculators increase net short positions in Euro to another all-time record high

-Large Speculators cut bets net short Canadian Dollar by more than one third

Commitments of Traders Data (Released Friday January 27th)

(Non-Commercial Net Position Data thru Tuesday January 24th)

A sizable 34.18% decrease from 28,730 to 18,909 contracts net short of the Canadian dollar;

A negligible 0.24% decrease from 12,822 to 12,514 contracts net short of the Swiss Franc;

A trimming 24.67% decrease from 41,634 to 31,361 contracts net short of the British Pound;

A building 7.07% increase from 160,030 to a new record 171,347 contracts net short of the Euro;

A sizable 24.62% decrease from 58,862 to 44,367 contracts net long of the Japanese Yen;

And a huge 27.95% increase from 54,306 to 69,486 contracts net long of the Australian dollar.

(Source CFTC.gov)

Read my Feature Article in the September issue of SFO Magazine! Click on the link below to read the article and hear the interview today!

http://www.sfomag.com/eSFO/eSFO2011_09.aspx?page=28

Good Trading!

Large Specs Cuting Net Short Swiss Franc Bets, Latest CFTC Data Shows

Paul Kavanaugh — 2012-01-24T14:54:00Z

Currency Analysis

by Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Eighteenth straight week of net long US dollar bets.

-Euro zone debt crisis continues to dominate currency news

-Large Speculators increase net short positions in Euro to another all-time record high

-Large Speculators cut bets net short Swiss Franc by over one third

Commitments of Traders Data

(Non-Commercial Net Position Data thru Tuesday January 10th)

A minor 0.02% increase from 28,649 to 28,730 contracts net short of the Canadian dollar;

A stunning 39.22% decrease from 21,097 to 12,822 contracts net short of the Swiss Franc;

A building 16.12% increase from 35,853 to 41,634 contracts net short of the British Pound;

A small 3.11 increase from 155,195 to 160,030 contracts net short of the Euro;

A scant 1.33% increase from 59,657 to 58,862 contracts net long of the Japanese Yen;

And a tiny 1.45% increase from 53,526 to 54,306 contracts net long of the Australian dollar.

(Source CFTC.gov)

Read my Feature Article in the September issue of SFO Magazine! Click on the link below to read the article and hear the interview today!

http://www.sfomag.com/eSFO/eSFO2011_09.aspx?page=28

Good Trading!

IMM Currency Specs Increasing Net Long Japanese Yen Bets

Paul Kavanaugh — 2012-01-18T14:54:00Z

Currency Analysis

by Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Seventeenth straight week of net long US dollar bets.

-Euro zone debt crisis continues to dominate currency news

-Large Speculators increase net short positions in Euro to another all-time record high

-Euro hit lowest level against US dollar since August 25th, 2010.

Join PFGBEST Energy Analyst Phil Flynn and myself for our next webinar Thursday January 19th at 2pm central time. Paste the link below in your browser to sign-up today!

http://www.pfgbest.com/webinar/Adobe_SignUp.asp?Meeting_SCO_id=1110584090&FOLDERID=993197377&MEETING_NAME=DayTrade+First,+Swing+Trade+Second+and+Position+Trade+Third&submit=Sign+Up

CFTC data released Friday January 13th shows IMM currency speculators increased bets net short the Euro as the single currency approached the lowest levels since August of 2010 on Euro zone debt concerns. 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:

Commitments of Traders Data

(Non-Commercial Net Position Data thru Tuesday January 10th)

A major 22.50% increase from 23,371 to 28,649 contracts net short of the Canadian dollar;

A minor 0.21% decrease from 13,355 to 21,097 contracts net short of the Swiss Franc;

A building 12.39% increase from 31,899 to 35,853 contracts net short of the British Pound;

Yet another increase of 10.49% from 138,909 to 155,195 contracts net short of the Euro;

A small 5.62% increase from 56,481 to 59,657 contracts net long of the Japanese Yen;

And a sizable 15.01% increase from 46,537 to 53,526 contracts net long of the Australian dollar.

(Source CFTC.gov)

Read my Feature Article in the September issue of SFO Magazine! Click on the link below to read the article and hear the interview today!

http://www.sfomag.com/eSFO/eSFO2011_09.aspx?page=28

Good Trading!

IMM Currency Specs increased bets short Euro, latest CFTC data shows

Paul Kavanaugh — 2012-01-10T14:54:00Z

Currency Analysis

by Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Sixteenth straight week of net long US dollar bets.

-Euro zone debt crisis continues to dominate currency news

-Large Speculators increase net short positions in Euro to another all-time record high

-Euro hit lowest level against US dollar since September 10, 2010.

Join PFGBEST Energy Analyst Phil Flynn and myself for our next webinar Thursday January 19th at 2pm central time. Paste the link below in your browser to signup today!

http://www.pfgbest.com/webinar/Adobe_SignUp.asp?Meeting_SCO_id=1110584090&FOLDERID=993197377&MEETING_NAME=DayTrade+First,+Swing+Trade+Second+and+Position+Trade+Third&submit=Sign+Up

CFTC data released Friday November 11^th shows IMM currency speculators decreased bets long the US dollar by 36.87% from $9.87 billion to $6.23 billion in the week ending Tuesday November 8th. 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:

Commitments of Traders Data

(Non-Commercial Net Position Data thru Tuesday January 3rd)

A minor 7.14% increase from 21,812 to 23,371 contracts net short of the Canadian dollar;

A sizable 23.68% increase from 10,798 to 13,355 contracts net short of the Swiss Franc;

A building 9.34% increase from 29,172 to 31,899 contracts net short of the British Pound;

Yet another increase of 8.62% from 127,879 to 138,909 contracts net short of the Euro;

A staggering 150.08% increase from 22,585 to 56,481 contracts net long of the Japanese Yen;

And a huge 42.58% increase from 32,637 to 46,537 contracts net long of the Australian dollar.

(Source CFTC.gov)

Read my Feature Article in the September issue of SFO Magazine! Click on the link below to read the article and hear the interview today!

http://www.sfomag.com/eSFO/eSFO2011_09.aspx?page=28

Good Trading!

Large Speculators Increased Short Euro Bets to All-Time Record, Latest CFTC Data Shows

Paul Kavanaugh — 2012-01-04T14:54:00Z

Currency Analysis

by Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Fifteenth straight week of net long US dollar bets.

-Euro zone crisis continues to dominate currency news

-Large Speculators increase net short positions in Euro to record high

CFTC data released Friday December 27th shows IMM currency speculators increased bets short the Euro to a record high of 127,879 contracts, the highest since the single currency began trading.

Commitments of Traders (Non Commercial Net Position Data)

Canadian Dollar Net Short 21,812

Swiss Franc Net Short 10,798

Euro Net Short 127,879

British Pound Net Short 29,172

Japanese Yen Net Long 22,585

Australian dollar Net Long 32,637

(Source Reuters and/or CFTC)

Read my Feature Article in the September issue of SFO Magazine! Click on the link below to read the article and hear the interview today!

http://www.sfomag.com/eSFO/eSFO2011_09.aspx?page=28

Good Trading!

IMM Currency Specs Remain Heavily Net Short Euro, Latest CFTC Report Shows

Paul Kavanaugh — 2011-12-20T14:54:00Z

Currency Analysis

by Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Fourteenth straight week of net long US dollar bets.

-Euro zone crisis continues to dominate currency news

-Speculators increase net long US dollar positions, and maintain net short positions in Euro

CFTC data released Friday December 16^th shows IMM currency speculators increased bets long the US dollar by 11.8% from $14.59 billion to $16.32 billion in the week ending Tuesday December 13th.

Commitments of Traders Large Specs Net Position Data ()

Canadian Dollar Net Short 13,385

Swiss Franc Net Short 10,481

Euro Net Short 116,457

British Pound Net Short 39,509

Japanese Yen Net Long 35,600

Euro Net Short 116,457

(Source Reuters and or CFTC)

Read my Feature Article in the September issue of SFO Magazine! Click on the link below to read the article and hear the interview today!

http://www.sfomag.com/eSFO/eSFO2011_09.aspx?page=28

Good Trading!

IMM Currency Specs increased short Euro bets, latest CFTC data shows

Paul Kavanaugh — 2011-11-23T14:54:00Z

Currency Analysis

by Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Tenth straight week of net long US dollar bets.

-EU sovereign debt crisis continues to dominate currency news.

-German Bonds draw low yields in Nov 23 auction

-Short Euro Bets highest since late October

CFTC data released Friday November 18^th shows IMM currency speculators increased bets long the US dollar by 62.10% from $6.23 billion to 10.13 in the week ending Tuesday November 15th. 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:

A building 19.95% increase from 28,077 to 33,680 contracts net long of the Japanese Yen;

An significant 18.15% Increase from 54,257 to 76,147 contracts net short of the Euro, (still a sizeable net short position);

A minor 6.37% increase from 29,122 to 32,866 contracts net short of the British Pound;

A reversal from long 2,162 contracts to short 1,904 contracts contracts net short of the Swiss Franc;

A minor 10.57% increase from 24,330 to 17,215 contracts net short of the Canadian dollar;

And an important 9.94% decrease from 25,866 to 27,016 contracts net long of the Australian dollar, indicating large speculators may be beginning to wind down the long Aussie bets which they have held thru much of 2011.

Commitments of Traders Data

JAPANESE YEN (Contracts of 12,500,000 yen) -5,462,566,497.99

11/15/11 week 11/08/11 week

Long 49,916 44,320

Short 16,236 16,243

Net 33,680 28,077

EURO (Contracts of 125,000 euros) 12,879,313,212.50

11/15/11 week 11/08/11 week

Long 24,048 27,943

Short 100,195 82,200

Net -76,147 -54,257

POUND STERLING (Contracts of 62,500 pounds sterling) 3,247,990,200.00

11/15/11 week 11/08/11 week

Long 23,355 22,607

Short 56,219 51,729

Net -32,864 -29,122

SWISS FRANC (Contracts of 125,000 Swiss francs) 259,995,630.33

11/15/11 week 11/08/11 week

Long 5,308 6,928

Short 7,212 4,766

Net -1,904 2,162

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) 1,685,926,941.53

11/15/11 week 11/08/11 week

Long 28,819 28,003

Short 46,034 43,571

Net -17,215 -15,568

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) -2,475,820,800.00

11/15/11 week 11/08/11 week

Long 57,352 64,485

Short 33,022 37,469

Net 24,330 27,016

(Source Reuters)

Read my Feature Article in the September issue of SFO Magazine! Click on the link below to read the article and hear the interview today!

http://www.sfomag.com/eSFO/eSFO2011_09.aspx?page=28

Good Trading!

IMM Currency Specs remain net short Euro, latest CFTC data shows

Paul Kavanaugh — 2011-11-16T14:54:00Z

Currency Analysis

by Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Ninth straight week of net long US dollar bets.

-EU sovereign debt crisis continues to dominate currency news.

-ECB's buying of Italian bonds fails to bring down yields

-More euro losses seen as crisis spreads to core Europe

A solid 8.38% increase from 25,904 to 28,077 contracts net long of the Yen;

An trimming 9.66% decrease from 60,060 to 54,257 contracts net short of the Euro, (still a sizeable net short position);

A huge 38.15% decrease from 47,092 to 29,122 contracts net short of the British Pound;

A reversal to long 2,162 contracts from 1,746 contracts net short of the Swiss Franc;

A small 5.04% increase from 14,820 to 15,568 contracts net short of the Canadian dollar;

And a small but building 4.44% increase from 25,866 to 27,016 contracts net long of the Australian dollar, indicating large speculators may be returning to long Aussie bets which they held thru much of 2011.

Commitments of Traders Data JAPANESE YEN (Contracts of 12,500,000 yen)

11/8/11 week 11/1/11 week

Long 44,320 43,671

Short 16,243 17,767

Net 28,077 25,904

EURO (Contracts of 125,000 euros)

11/8/11 week 11/1/11 week

Long 27,943 26,311

Short 82,200 86,371

Net -54,257 -60,060

POUND STERLING (Contracts of 62,500 pounds sterling)

11/8/11 week 11/1/11 week

Long 22,607 24,396

Short 51,729 71,488

Net -29,122 -47,092

SWISS FRANC (Contracts of 125,000 Swiss francs)

11/8/11 week 11/1/11 week

Long 6,928 3,224

Short 4,766 4,970

Net 2,162 -1,746

CANADA DOLLAR (Contracts of 100,000 Canadian dollars)

11/8/11 week 11/1/11 week

Long 28,003 27,420

Short 43,571 42,240

Net -15,568 -14,820

AUSTRALIA DOLLAR (Contracts of 100,000 Aussie dollars)

11/8/11 week 11/1/11 week

Long 64,485 56,797

Short 37,469 30,931

Net 27,016 25,866

(Source Reuters)

Read my Feature Article in the September issue of SFO Magazine! Click on the link below to read the article and hear the interview today!

http://www.sfomag.com/eSFO/eSFO2011_09.aspx?page=28

Good Trading!

IMM Currency Specs Lowered Long Yen Bets Following BOJ Intervention, Latest CFTC Data Shows

Paul Kavanaugh — 2011-11-08T14:54:00Z

Currency Analysis

by Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Eighth straight week of net long US dollar bets.

-Large Specs lowered massive bets net short Euro 21%.

-EU sovereign debt crisis continues to dominate currency news.

-BOJ intervention to stem Yen strength lowered long bets

CFTC data released Friday November 4th shows IMM currency speculators increased bets long the US dollar by 10.65% from $8.92 billion to $9.87 billion in the week ending Tuesday November 1^st. 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:

A massive 52.27% decrease from 54,279 to 25,904 contracts net long of the Yen;

An important 21.50% decrease from 76,512 to 60,060 contracts net short of the Euro, (still a sizeable net short position);

A small 6.09% decrease from 50,147 to 47,092 contracts net short of the British Pound;

A building 45.13% decrease from 1,203 to 1,746 contracts net short of the Swiss Franc;

A significant 17.31% decrease from 17,923 to 14,820 contracts net short of the Canadian dollar;

And a solid 12.11% increase from 23,071 to 25,866 contracts net long of the Australian dollar, indicating large speculators may be returning to long Aussie bets which they held thru much of 2011.

Commitments of Traders Data

JAPANESE YEN (Contracts of 12,500,000 yen)

11/01/11 week 10/25/11 week

Long 43,671 75,999

Short 17,767 21,720

Net 25,904 54,279

EURO (Contracts of 125,000 euros)

11/01/11 week 10/25/11 week

Long 26,311 21,323

Short 86,371 97,835

Net -60,060 -76,512

POUND STERLING (Contracts of 62,500 pounds sterling)

11/01/11 week 10/25/11 week

Long 24,396 18,917

Short 71,488 69,064

Net -47,092 -50,147

SWISS FRANC (Contracts of 125,000 Swiss francs)

11/01/11 week 10/25/11 week

Long 3,224 5,077

Short 4,970 6,280

Net -1,746 -1,203

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)

11/01/11 week 10/25/11 week

Long 27,420 25,368

Short 42,240 43,291

Net -14,820 -17,923

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)

11/01/11 week 10/25/11 week

Long 56,797 45,831

Short 30,931 22,760

Net 25,866 23,071

(Source Reuters)

Read my Feature Article in the September issue of SFO Magazine! Click on the link below to read the article and hear the interview today!

http://www.sfomag.com/eSFO/eSFO2011_09.aspx?page=28

Good Trading!