Daily Currency Futures and Open Interest Report

gfs

Newbie
8 0
The report below shows levels of open interest in currency futures market. The data is based on Chicago Mercantile Exchange Daily Volume and Open Interest Report. Data provided by the report contains Open Interest from the previous trading day.

Euro FX
EUR/USD

Date 01/02/2012
Total Open Interest 305,328
Net Marginal Change 2,215
Marginal Accumulation 178,272
Change in Total OI (%) 79.23

Yesterday futures traders added 2,215 new contracts. As mentioned, euro dropped only 4.5% in open interest since the correction. It is not sufficient enough to sustain the current breakout yet. Only 10-12% drop has a significant impact on prices. Euro, as expected declined today against dollar. Pair should range around the 1.30 area until a further drop in OI. Decline in OI will put an upwards pressure on the spot price by short covering. We have not seen this dynamic fully in play yet. Options ratio remains at 67% range in calls and growing. Strategy - buy on dips. We still expect more substantial correction towards 1.30-1.29 area before the trend resumes.

GBP FUTURES
GBP/USD
Date 01/02/2012
Total Open Interest 190,849
Net Marginal Change -1,133
Marginal Accumulation -23,941
Change in Total OI (%) -12.7

The British Pound futures market dropped 1,133 contracts in yesterday session. Cable advanced even higher today against the dollar. GBP/USD is now trading above 1.58. This level has not been seen in the British pound market since 15th November 2011. Although there was no correction yet, the outlook remains bullish. We should see more new money coming into this market. GFS holds the long position in GBP/USD since 1.5360.

YEN FUTURES
USD/JPY
Date 01/02/2012
Total Open Interest 172,967
Net Marginal Change 3,568
Marginal Accumulation 4,897
Change in Total OI (%) 2.91

Yen futures traders keep creating massive amount of new transactions in this forex market. Yesterday they added another 3,568. After massive 12% drop in open interest in yen futures, now traders are net positive. At this stage it is hard to say where we go from here. Based on the price action, this market remains dangerous and flat. Dangerous because the intervention and flat because has not moved from current levels. If one wanted to build on the speculative expectation of BOJ intervention, the strategy would be to buy support and sell the top of the spike. I would suggest waiting for the spike and selling the top. I think it is fear to say at this stage that BOJ has no control over its money. Every past treasury purchase to weaken the yen had no effect. Yen (despite irrationality) will remain the “safe heaven “for many. Consider that fundamental analysis favour yen strength over the long run. After correction, we might see even lower prices in USD/JPY in 2012.

FRANK FUTURES
USD/CHF
Date 01/02/2012
Total Open Interest 40,836
Net Marginal Change -546
Marginal Accumulation 1,522
Change in Total OI (%) 3.76

Frank futures lost marginal 546 contracts. Our outlook on this market remains the same i.e. Sell USD/CHF on rallies. Bulls seem to dominate the market in forex Frank futures. As open interest stayed slow, it has added some of the new transactions. Strategy – buy on rallies. We anticipate much lower prices in USD/CHF in 2012.

AUD FUTURES
AUD/USD
Date 01/02/2012
Total Open Interest 150,115
Net Marginal Change 2,822
Marginal Accumulation 47,455
Change in Total OI (%) 32.96

Australian dollar is still on the rise! AUD/USD advanced further in today’s trading. It has now reached levels from September 2011. Aud futures traders added 2,822 new transactions. AUD/USD remains the strongest currency on the board. We anticipate even higher prices as long as forex traders will keep pouring money into AUD futures.
 

gfs

Newbie
8 0
02/02/2012 Daily Currency Futures and Open Interest Report

The report below shows levels of open interest in currency futures market. The data is based on Chicago Mercantile Exchange Daily Volume and Open Interest Report. Data provided by the report contains Open Interest from the previous trading day.
Interpretation and analysis – GainForexSignal Team


Euro FX
EUR/USD

Date 02/02/2012
Total Open Interest 303,919
Net Marginal Change -1,409
Marginal Accumulation 176,863
Change in Total OI (%) 78.60

As expected, Euro’s open interest declined again by 1,409 contracts. The decline in OI seems to be unfolding. It is still around 4%. It is not enough to call the bottom yet. EUR/USD spot price remained unchanged in today’s trading. The outlook remains bullish. We expect the correction back to 1.20-1.28 to enter long positions on dropping open interest.

GBP FUTURES
GBP/USD
Date 02/02/2012
Total Open Interest 196,123
Net Marginal Change 5,274
Marginal Accumulation 7,290
Change in Total OI (%) 3.9

The British Pound futures market added substantial 5,274 new transactions. Pound is now getting some steam and new money is being invested in this forex market. Cable, since the decline in open interest, added 7,290 new contracts (3.9%) Bullish outlook remains intact. Expect correction. Strategy – buy GBP/USD on dips.

YEN FUTURES
USD/JPY
Date 02/02/2012
Total Open Interest 178,313
Net Marginal Change 5,346
Marginal Accumulation 10,243
Change in Total OI (%) 6.10 29k

Yen futures traders added another 5,346 new transaction. Yen futures seem to be a very popular market for many forex traders. Yen added over 29,000 new transactions since the open interest decline last week. The spot price has been dropping against the dollar. The current trend seems to have a strong basis to continue. As mentioned earlier, USD/JPY is now heading towards all-time lows. Expect BOJ to intervene if necessary. The trading strategy would be to buy USD/JPY close to 75.60 for 150 pips gain.

FRANK FUTURES
USD/CHF
Date 02/02/2012
Total Open Interest 41,807
Net Marginal Change 971
Marginal Accumulation 2,493
Change in Total OI (%) 6.15

We saw fresh 971 transactions added in frank futures. This market increased by 2,493 new contracts since the recent decline. This is a confirmation of the current trend. Strategy – sell USD/CHF on rallies.

AUD FUTURES
AUD/USD
Date 02/02/2012
Total Open Interest 150,836
Net Marginal Change 721
Marginal Accumulation 48,176
Change in Total OI (%) 33.46

Australian dollar remains popular. Forex traders created 721 new futures contracts in this market. AUD/USD spot price, as expected climbed even higher. We now reached an important resistance levels. We can expect a correction from here. Strategy – buy on dips. AUD/USD should gain even more in near future.

For the full report please go to
futures report
 

gfs

Newbie
8 0
22/02/2012 Daily Currency Futures and Open Interest Report

The report below shows levels of open interest in currency futures market. The data is based on Chicago Mercantile Exchange Daily Volume and Open Interest Report. Data provided by the report contains Open Interest from the previous trading day.
Interpretation and analysis – GainForexSignal Team


Euro FX
EUR/USD

Date 22/02/2012
Total Open Interest 287,525
Net Marginal Change -7,975

An Open Interest decreased by whooping 7,975 transactions. The total OI in euro futures stands at 287,525. This market also saw a massive spike in regular trading hours volume in Euro futures. The daily RTH volume increased sharply from 1,107 to 11,318. Globex volume (electronic transactions) increased form 233K to 385K. This is almost 60% jump in only one day. The rising volume and the dropping open interest shows that created transactions are being offset. Previously opened contracts are now being closed out, ie. We see some profit taking going on. The EUR/USD spot price has been flat around 1.3250 area. This level formed double top and might be an area where some traders cashing their partly long positions. Correction possible from these levels. Mid/long term outlook remains bullish. More new OI needed to support the strength of the new, upward trend.

GBP FUTURES
GBP/USD
Date 22/02/2012
Total Open Interest 186,668
Net Marginal Change 42

As expected The British Sterling spot price has corrected sharply. The price is the perfect reflection in dropping recently open interest. Yesterday traders added only 42 new transactions to British Sterling futures. Cable remains unattractive and might correct further. We expect higher prices in the longer term. More OI needed to support up move. Strategy – buy GBP/USD on corrections.

YEN FUTURES
USD/JPY
Date 22/02/2012
Total Open Interest 150,551
Net Marginal Change 172

The Japanese Yen futures OI added only 172 new positions. This is the second consecutive day with a positive open interest. The falling interest in this market might continue further from now on. The spot price USD/JPY spiked significantly breaking all technical levels. Given the COT sentiment where non-commercial traders decreased their long Yen positions by huge amount recently, we expect higher prices in USD/JPY. Correction is possible in short run. Strategy – buy on corrections

FRANK FUTURES
USD/CHF
Date 22/02/2012
Total Open Interest 51,197
Net Marginal Change 111

Frank’s futures are slightly up again. Traders added 111 contracts. The USD/CHF price has been flat. Outlook remains bearish mid to long term. Expect lower prices in USD/CHF in the coming days/weeks. Strategy – sell on rallies.

AUD FUTURES
AUD/USD
Date 22/02/2012
Total Open Interest 149,840
Net Marginal Change -738

An Australian dollar futures OI declined by further 738 transactions. This is the second consecutive day with dropping open interest. In two days Australian dollar declined by 3,783 contracts or 3% of the total open interest. The AUD/USD spot price has decreased a bit in today’s trading. We expect the correction in this market. Strategy – sell AUD/USD on rallies
 

gfs

Newbie
8 0
24/02/2012 Daily Currency Futures and Open Interest Report

The report below shows levels of open interest in currency futures market. The data is based on Chicago Mercantile Exchange Daily Volume and Open Interest Report. Data provided by the report contains Open Interest from the previous trading day.

Interpretation and analysis – GainForexSignal Team


Euro FX EUR/USD
Date 24/02/2012
Total Open Interest 280,074
Net Marginal Change -6,486

Another day with a massive drop in Open Interest in Euro futures market. Euro’s OI decreased by significant 6,486 transactions. This is third consecutive day with falling OI on very high increase in regular trading hours volume. The RTH volume amounted to 8,797 contracts. It was up from only 1,653 in the previous day. Dropping OI and increasing volume reflects profit taking in the market. Buyer and sellers liquidate existing contracts taking them out of the picture. No new transactions has been created therefore no support for a new bullish move. Expect the correction. Strategy remains the same – buy EUR/USD on corrections. We are long EUR/USD from 1.3030.




GBP FUTURES GBP/USD
Date 24/02/2012
Total Open Interest 198,433
Net Marginal Change 2,388



The British Sterling added substantial 2,388 new contracts in the futures market. This is second day with the positive open interest. As expected GBP/USD corrected towards 1.6060 and spiked higher from those levels. Expect much higher prices in this market as new transactions support new bullish trend. Strategy – buy GBP/USD on corrections.


YEN FUTURES USD/JPY
Date 24/02/2012
Total Open Interest 145,765
Net Marginal Change -3,424



The Japanese Yen futures OI dropped by further 3,424 contracts. Yen has been losing interest for over a week. It has decreased by 32,982 total transactions since 7th Feb 2012. Given the commercial sentiment and our outlook we expect USD/JPY to advance further in the coming days/weeks. Long run outlook remains bearish for this cross but it is difficult to gauge the net effect of BOJ treasury purchases practices in the recent months. Yen weaken to the record levels against the dollar since July last year! Strategy – buy USD/JPY on pullbacks.


FRANK FUTURES USD/CHF
Date 24/02/2012
Total Open Interest 52,957
Net Marginal Change 1,131



Frank’s futures are up again. Open interest increased by another 1,131 new contracts. Frank seems to be most favoured currency to trade this week. Open Interest has been adding steadily in the past month. As expected, the spot price USD/CHF has been dropping. Expect further decline in USD/CHF. Strategy – sell on rallies.


AUD FUTURES AUD/USD
Date 24/02/2012
Total Open Interest 153,973
Net Marginal Change 4,133



An Australian dollar futures OI increased by 4,133 transactions. After two consecutive days in dropping open interest, Australian dollar has now recouped all loses. More new OI will give a reason for the uptrend to resume and exit short positions. The rate of change of the open interest has been dropping in this market. The price movement will depend on the amount of open interest added next week.
 
 
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