The Currency Report

by Paul Kavanaugh

Open An Account Today!

Receive this report via email:

IMM Currency Specs added to massive net long Euro bets, latest CFTC data shows

7/1/2012

Currency Analysis

By Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-41st straight week of net long US dollar bets

-Net Long US dollar bets rose by 22.78% from $22.13 billion to $26.73 billion according to CFTC data as of June26th data (source Reuters)

-Large speculators maintaining significant percentage of near all-time record net short Euro bets

-Large speculators increasing net short Swiss Franc bets by more than double

2012 06 30 euro

CFTC data released Friday June 29th shows large IMM currency speculators are still hold near all-time record net short positions in Euro, and have covered more that 95% of net short British Pound Sterling positions. 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)

A minor 13.12% increase from 8,201 to 9,277 contracts net long of the Canadian dollar;

A massive 240.17% increase from 7,007 to 23,836 contracts net short of the Swiss Franc;

A nearly reversing 95.58% decrease from 17,153 to just 758 contracts net short of the British Pound Sterling;

A significant 69.99% decrease from 15,137 to just 4,542 contracts net long of the Japanese Yen;

A steady 13.33% increase from 141,066 to 159,880 contracts net short of the Euro;

And an important 37.56% decrease from 3,458 to 2,159 contracts net short of the Australian dollar, (following significant recent net short positions);

(Source CFTC.gov)

See what PFGBEST analysts have to say about the markets for MIDYEAR 2012...keep an eye on PFGBEST website to get the PFGBEST MIDYEAR Outlook 2012 coming soon!

Read my most recent contribution to SFO Magazine’s "From the Experts" Column

Sell Silver First of May, Walk Away ‘Till Labor Day?

http://bit.ly/IKLy8d

(Note: you may need to cut and paste this link into your internet browser’s address line)

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.

CFTC data released Friday June 29th shows large IMM currency speculators are still hold near all-time record net short positions in Euro, and have covered more that 95% of net short British Pound Sterling positions. 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)

A minor 13.12% increase from 8,201 to 9,277 contracts net long of the Canadian dollar;

A massive 240.17% increase from 7,007 to 23,836 contracts net short of the Swiss Franc;

A nearly reversing 95.58% decrease from 17,153 to just 758 contracts net short of the British Pound Sterling;

A significant 69.99% decrease from 15,137 to just 4,542 contracts net long of the Japanese Yen;

A steady 13.33% increase from 141,066 to 159,880 contracts net short of the Euro;

And an important 37.56% decrease from 3,458 to 2,159 contracts net short of the Australian dollar, (following significant recent net short positions);

(Source CFTC.gov)

See what PFGBEST analysts have to say about the markets for MIDYEAR 2012...keep an eye on PFGBEST website to get the PFGBEST MIDYEAR Outlook 2012 coming soon!

Read my most recent contribution to SFO Magazine’s "From the Experts" Column

Sell Silver First of May, Walk Away ‘Till Labor Day?

http://bit.ly/IKLy8d

(Note: you may need to cut and paste this link into your internet browser’s address line)

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.

Paul Kavanaugh
PFGBEST Research Team
pkavanaugh@pfgbest.com