Sentences with phrase «net speculative positions»

In the Canadian dollar's defense, there is still modest scope for optimism: Energy prices have room to potentially nudge higher (although much of the good news is already in the oil price), fears of a border adjustment tax have faded alongside expectations for broad - based tax reform, and net speculative positioning in the Canadian dollar is already particularly bearish (see the chart below).

Not exact matches

As an aside, the biggest ever speculative net short position in silver futures (of more than 10,000 contracts) was recorded in late July 1997 — with silver trading at $ 4.43, then the low of the year.

This is because the speculative net - short position in Yen futures is not far from an all - time high.

It's a similar story with silver, in that the price decline of the past two months has been accompanied by almost no reduction in the total speculative net - long position in Comex silver futures.

This was such an unusual and unexpected development that we felt we had to mention it in these pages (note: as of last week the speculative position has returned to net long 6,186 contracts, which is still very subdued exposure for this group of traders).

For the past few months the net speculative long position in euro futures has hovered near an all - time high.

Note that what I refer to as the total speculative net position takes into account the net positions of large speculators (non-commercials) and small traders (the «non-reportables») and is the inverse of the commercial net position.

As noted in the earlier post, what I refer to as the total speculative net position takes into account the net positions of large speculators (non-commercials) and small traders (the «non-reportables») and is the inverse of the commercial net position.

In May of this year the total speculative net - short position in Canadian dollar (C$) futures hit an all - time high, meaning that the C$'s sentiment situation was more bullish than it had ever been.

There has been a roughly $ 100 pullback in the price from its early - September peak, but notice that there has been a relatively minor reduction in the total speculative net - long position.

The following weekly chart shows that the total speculative net - long position in Comex gold futures hit an all - time high in July of 2016 (the chart only covers the past three years, but I can assure you that it was an all - time high).

The blue bars in the middle sections of the charts that follow indicate the commercial net position, so the inverse of each of these bars is considered to be the total speculative net position.

More recently, the relatively small size of the speculative net - long position in early - July of this year paved the way for a tradable rebound in the price, but by early - September the speculative net - long position had again risen to a relatively high level.

whenever the speculative net position has reached an extreme over the past 20 years, the market soon went into the opposite direction, sometimes quite forcefully.

Finally, the CFTC's Commitments of Traders (COT) report shows that large speculative traders are holding a record net long position in the euro, a polar opposite in sentiment toward currency relative to last year.

Speculative investors mainly added dollar shorts against the yen resulting in an increase in net long JPY positions to 39 percent of open interest.