Daily Currency Futures and Open Interest Report - Essential!

[gfs]

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 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.

For the full report please go to
Futures report

 

[gfs]

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]

07/02/2012 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 07/02/2012
Total Open Interest 297,477
Net Marginal Change -2,076
Marginal Accumulation 170,421
Change in Total OI (%) -5.76

As expected, Euro’s open interest declined further in last few sessions. Euro open interest is now below the 300,000. The market dropped 5.7% overall in the last week. The last decrease of this size euro traded in November 2011. As expected the spot EUR/USD corrected in Monday’s trading and reached the 1.30 area. This was the level to enter long positions. Weekly COT report shows that commercial traders started to dump their long euro transactions. This dynamic signals that downtrend is now reversed. Strategy – buy EUR/USD on pullbacks. Given the level of OI we should see a substantial bull move in this market in coming weeks/months.

GBP FUTURES
GBP/USD
Date 07/02/2012
Total Open Interest 192,417
Net Marginal Change -246
Marginal Accumulation 3,584
Change in Total OI (%) 1.9

The British Pound futures market remains flat. It has added 3,584 new transactions since the last decline on 25th January. The spot price advanced further upwards. Cable didn’t correct as deeply as EUR/USD therefore there was no opportunity to enter long positions. COT weekly report confirms the similar dynamic to euro futures. Commercials are now dumping their long contracts. With stops triggered and more short covering we should see further advance in this market.

YEN FUTURES
USD/JPY
Date 07/02/2012
Total Open Interest 178,747
Net Marginal Change 1,606
Marginal Accumulation 10,677
Change in Total OI (%) 18.64

Yen futures traders added another 1,606 new transactions in Monday’s trading. The yen added overall 18.64% since the last decline in open interest. This market remains unattractive. The spot price against the dollar has been flat over the last two months. The biggest risk here is the possibility of BOJ intervention in forex market. The speculative strategy would be to sell USD/JPY after the intervention or buy close to the all-time lows. No mid to long term strategy is recommended here.

FRANK FUTURES
USD/CHF
Date 07/02/2012
Total Open Interest 42,105
Net Marginal Change -778
Marginal Accumulation 2,791
Change in Total OI (%) 6.89

Frank’s open interest was down 778 contracts in Monday’s trading. Overall outlook remains the same. Swissy added 6.89% of new OI. Expect further decline in usd/chf. The strategy; sell on rallies.

AUD FUTURES
AUD/USD
Date 07/02/2012
Total Open Interest 147,702
Net Marginal Change -371
Marginal Accumulation 45,042
Change in Total OI (%) 31.28

Australian dollar keeps climbing against the US dollar. The OI is now slightly down. Oz lost 371 transactions. This is now a third consecutive day in dropping open interest. Given the fact that the spot price broken above technical levels, we can now have a correction in price. We expect further drop in OI to confirm the more significant decline. For the moment we expect further gains in AUD/USD.

 

[gfs]

08/02/2012 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 08/02/2012
Total Open Interest 288,657
Net Marginal Change -8,820
Marginal Accumulation 161,601
Change in Total OI (%) 71.82

Euro open interest declined further by 8,820 transactions in yesterday’s trading. The last trading day that read a similar drop in open interest was on 28th Oct 2011. We now reached a total of 26,693 transactions decrease in this market since 25th Jan 2012. This amounts to 8.6% of the total open interest. The long term downtrend is now over. As expected EUR/USD climbed higher today. Despite all negative moods, euro has not collapsed and it doesn’t look like it is going to collapse any time soon. Given the commercial sentiment and record high in OI, euro should have a massive uptrend in 2012. Strategy – buy EUR/USD on dips.

GBP FUTURES
GBP/USD
Date 07/02/2012
Total Open Interest 195,73
Net Marginal Change 3,316
Marginal Accumulation 6,900
Change in Total OI (%) 3.7

The British Pound futures market added 3,316 new contracts. Cable increased OI by 3.7 % since the last decline and trend reversal at 1.53. The rate that OI gets added this market remains relatively flat. Similarly to euro fx futures, commercial sentiment is in favour of much higher prices in GBP/USD. Strategy – buy GBP/USD on dips.

YEN FUTURES
USD/JPY
Date 08/02/2012
Total Open Interest 178,512
Net Marginal Change -235
Marginal Accumulation 29,677
Change in Total OI (%) 18.49

Yen futures traders dropped marginal 235 transactions. The outlook remains the same. Usd/Jpy price action is pretty slow and unattractive. We expect more ranging trading with no clear direction in the coming days.

FRANK FUTURES
USD/CHF
Date 08/02/2012
Total Open Interest 42,826
Net Marginal Change 721
Marginal Accumulation 3,512
Change in Total OI (%) 8.67

Frank’s open interest was up 721 contracts. Overall outlook remains the same. Swissy added 8.67% of a new OI. Expect further decline in usd/chf. The strategy; sell on rallies.

AUD FUTURES
AUD/USD
Date 08/02/2012
Total Open Interest 148,879
Net Marginal Change 1,177
Marginal Accumulation 46,219
Change in Total OI (%) 32.10

Australian dollar keeps rising against the US dollar. Market added fresh 1,177 contracts. Outlook remains bullish. Expect the correction and buy on dips. AUD open interest tends to drop significant amount in the space of a few days accompanied by sharp decline in price. The first sign of the trend reversal will be a significant decline in OI. Till now bull trend remains intact.
For the full report please go to
Futures report

 

[gfs]

13/02/2012 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 13/02/2012
Total Open Interest 287,933
Net Marginal Change -1,250
Change in Total OI -27,417

Euro dropped further 1,250 transactions on the Friday 10th. The total decrease in Open Interest amounted to 27,417 since 25th Jan 2011. This is the biggest decline in OI in this market since September 2010.We should now see an increase in open interest as stops are triggered and bears cover their short positions. New long contracts will be created. The EUR/USD price managed to keep around the 1.32 levels despite a hopeless situation in Athens. The correction is now expected as daily charts look overbought. We might see a decline towards 1.30 areas before the trend resumes upwards. So far EUR/USD did not give us a clear entry point. Strategy – buy EUR/USD on dips.

GBP FUTURES
GBP/USD
Date 13/02/2012
Total Open Interest 193,335
Net Marginal Change -993
Change in Total OI (%) 2.4

The British Sterling open interest dropped 993 contracts in Friday’s trading. The total OI in this market remains flat. The pound added only 2.4% since the last decline. It reflects a very little interest in the market. Flat open interest is an indication that no new contracts are being created. With the increase in volume we experience the ownership transfers in the market. In this case we assume that old sellers sell Sterling futures to new buyers. If this is a case, we should see higher prices. Strategy – buy GBP/USD on corrections.

YEN FUTURES
USD/JPY
Date 13/02/2012
Total Open Interest 162,676
Net Marginal Change -8,819
Change in Total OI (%) -9.11

The Japanese Yen open interest decreased significantly. Traders closed out 8,819 contracts in this market. Yen has now accumulated 9.11% drop in total open interest. This is a third decline of this size in the last few weeks. With an open interest and price volatility, USD/JPY remains an unattractive market for now.

FRANK FUTURES
USD/CHF
Date 13/02/2012
Total Open Interest 47,480
Net Marginal Change 2,000
Change in Total OI (%) 20.15

The Frank open interest increased by 2000 transactions. Swissy is now gaining some steam as traders add aggressively new contracts. Frank added 20.1% of new open interest since the last decline. We should see further drop in USD/CHF. Strategy – sell on rallies.

AUD FUTURES
AUD/USD
Date 13/02/2012
Total Open Interest 151,128
Net Marginal Change -2,378
Change in Total OI (%) 33.66

Open Interest declined by 2,378 transactions in Friday’s trading. This is the first decline in over a week. Australian dollar added 33% of OI since the last decline. Only three consecutive days with dropping OI will give a reason to enter short positions. The massive commercial short sentiment in this market might suggest that the top is near.

For the full report please go to
futures report

 

[gfs]

14/02/2012 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 14/02/2012
Total Open Interest 286,579
Net Marginal Change -1,354
Change in Total OI -28,771

Euro’s Open Interest kept dropping further. It has declined by another 1,354 transactions. Total decrease in open interest has now reached 28,771 contracts. This amount stands for a total 9.27% of OI in this market. This size of the OI decline ends downtrend in EUR/USD. The EUR/USD spot price has retreated towards 1.3070 area forming good opportunities to enter long positions. Expect further drops in price in the coming days. We should see an increase in Open Interest soon. A rise in OI after the significant decline suggests new long positions being created putting an upward pressure on the price. Strategy – buy on dips.

GBP FUTURES
GBP/USD
Date 14/02/2012
Total Open Interest 194,950
Net Marginal Change 1,615
Change in Total OI (%) 3.2

The British Pond traders added 1,615 new transactions into Sterling futures market. Pound added 3.2% since the last decline. Sterling futures remain flat. The spot price against the dollar has now corrected into 1.5650. Further drops are expected in the coming sessions. Strategy – buy on corrections. Must see additional movement in the new open interest for the current trend to gain momentum.

YEN FUTURES
USD/JPY
Date 14/02/2012
Total Open Interest 162,112
Net Marginal Change -564
Change in Total OI (%) -9.32

The Japanese Yen open interest decreased by another 564 contracts. This is a 5th consecutive day with dropping open interest in yen futures. The total decline amounted to 16,635 transactions. This is over 10% of the total open interest in Yen futures. The spot price USD/JPY spiked significantly in today’s trading. Given the volatility of the price action and sentiment, yen remains unattractive.

FRANK FUTURES
USD/CHF
Date 14/02/2012
Total Open Interest 48,191
Net Marginal Change 711
Change in Total OI (%) 21.91

The Frank open interest added another 711 contracts. Frank seems to be getting some attention here. Traders creating the new transactions in futures market show the overall attractiveness between the traders. Frank pot price against the dollar rallied in today’s trading with the rest of the market. We expect a further decline in USD/CHF. Strategy – sell on rallies.

AUD FUTURES
AUD/USD
Date 14/02/2012
Total Open Interest 153,828
Net Marginal Change 2,700
Change in Total OI (%) 35.54

Futures traders added 2,700 new contracts in the Australian dollar market. The open interest remains strong. Given the fact the commercial traders are strongly short in Australian dollar futures; we might see the correction to the downside. Only 10% drop in OI will give a reason to enter short positions.

For the full report please go to
Currency futures report

 

[gfs]

15/02/2012 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 15/02/2012
Total Open Interest 291,060
Net Marginal Change 4,481
Change in Total OI -24,290

Open Interest increased today for the first time since 9th February. The total OI accounted for 291,060 transactions. It is too early to say if drop in now over. Euro’s OI declined almost 11% in the last two week for trading. We should now see fresh contracts being created in futures market. The dropping OI indicates massive short covering among traders. Most likely traders buy to liquidate their short positions as EUR/USD climbed towards 1.33 area. We should now see more new futures contracts coming into this market. While decrease in OI most likely ended midterm downtrend, we now anticipate higher prices in EUR/USD. The spot price against the Euro declined in today’s trading. This shall give an opportunity to enter long positions around 1.30. Caution – more correction possible in the coming days before the trend resumes.

GBP FUTURES
GBP/USD
Date 15/02/2012
Total Open Interest 192,071
Net Marginal Change -2,879
Change in Total OI (%) 1.7

The British Sterling futures traders liquidated further 2,879 transactions in the last session. Sterling’s open interest remains flat. It has added marginal 1.7% since the last decline. The total decrease remains in the negative territory and ranges around -7% of the total open interest. Given a strong correlation between GBP and EUR against the Dollar, we should see higher prices in GBP/USD in the coming sessions. Must see a momentum in fresh open interest in order to support new uptrend.

YEN FUTURES
USD/JPY
Date 15/02/2012
Total Open Interest 153,683
Net Marginal Change -8,429
Change in Total OI (%) -14.04

The Japanese Yen open interest decreased by another massive 8,429 transactions. This is extraordinary single drop. It accounts for over 5% of the total OI. The current decline has now reached 14%. It is a very high reading for Yen futures market. Given the volatile price action USD/JPY, more range trading expected. As the recent OI decrease suggests the end of the downtrend USD/JPY, expect higher prices in this market.

FRANK FUTURES
USD/CHF
Date 15/02/2012
Total Open Interest 48,092
Net Marginal Change -99
Change in Total OI (%) 21.66

The Frank's open interest declined by 99 contracts. This is only marginal change and does not affect the current outlook. Open interest in frank’s futures has been steady growing. It has increased by 21.66% since the last decline. Expect higher prices of Frank’s futures and lower against the dollar. Strategy – sell USD/CHF on rallies.

AUD FUTURES
AUD/USD
Date 15/02/2012
Total Open Interest 151,885
Net Marginal Change -1,943
Change in Total OI (%) 34.19

Futures traders decreased their transactions by 1,943. The Australian dollar added a total of 34.19% of OI since the last decline on 16th Dec 2011. The spot price against the US dollar has been rising since. As seen on the chart, OI is clearly losing the strong momentum. Less new contracts being created indicated less interest in the market. Only a significant drop in OI will suggest the change in trend. For bulls it might be a good time to cash the profits and wait to see how this one folds.

 

[gfs]

16/02/2012 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 16/02/2012
Total Open Interest 299,085
Net Marginal Change 8,025
Change in Total OI -5.24%

Open Interest increased today by substantial 8,025 transactions. This is second consecutive increase in open interest in Euro futures. As expected the EUR/USD climbed from the 1.30 area towards the 1.3170 in today’s trading. We have now entered 0.33% of the long position @ 1.3030. An Increase in OI creates new futures transactions and new money is flowing into the market. Today we notice a drop in Regular Trading Hours Volume accompanied with the increase in OI. Higher OI supports current trend, lower volume indicated smaller amount of transaction being added on. The strategy reminds the same – buy EUR/USD on dips. Higher OI from now on will confirm long term bull market.

GBP FUTURES
GBP/USD
Date 16/02/2012
Total Open Interest 187,492
Net Marginal Change -4,579
Change in Total OI (%) -0.7

The British Sterling futures decreased the amount of outstanding positions by 4,579. This is a second consecutive day with the negative open interest in the British Sterling futures. The total decline in OI amounts for over 9% and has stayed negative for a while now. Given the rising prices in GBP/USD and the decline ended long term bear trend, we anticipate higher prices in GBP/USD in the coming sessions. Strategy – buy GBP/USD on dips.

YEN FUTURES
USD/JPY
Date 16/02/2012
Total Open Interest 154,081
Net Marginal Change 398
Change in Total OI (%) -13.82

The Japanese Yen open interest added a marginal sum of 398 in yesterday’s trading. A massive decline in open interest has been taking place for few weeks now. It seems to be very volatile recently. Today the USD/JPY spiked to the upside. If the major decrease in open interest ends the midterm downtrend, we should see pressure building on the spot sending USD/JPY much higher.

FRANK FUTURES
USD/CHF
Date 16/02/2012
Total Open Interest 49,106
Net Marginal Change 1,014
Change in Total OI (%) 24.17

Frank’s futures added 1,014 new transactions. Swissy seems to be attracting some new traders. It has built over 24% of the total open interest since the last decline. The outlook reminds the same. Sell USD/CHF on rallies. USD/CHF is about to break the ascending support on daily chart. This could provide the opportunity to enter short positions. Look for an update on the positions.

AUD FUTURES
AUD/USD
Date 16/02/2012
Total Open Interest 152,040
Net Marginal Change 155
Change in Total OI (%) 34.30

An Australian dollar future has been flat. Traders created only 155 new positions in this market. Aud open interest is definitely fading. It has added 34.30% since the last major decline. As it is difficult to gauge if this amount would be substantial to weight on the trend, we consider the slower pace in interest as a signal to close any long positions and wait to see what happens next.

 

[gfs]

17/02/2012 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 17/02/2012
Total Open Interest 294,084
Net Marginal Change -5,001
Change in Total OI (%) -6.85

An Open Interest dropped today by 5,001 transactions. The total OI in the Euro futures stands at 294,084 contracts. Today we notice falling open interest and increasing regular trading hours (RTH)volume. This indicates that futures traders are liquidating their existing contracts. Normally it reflects profit taking by both buyers and sellers. As we do not know what the sentiment is on daily basis is, we expect more new contracts being created in this market. More interest and fresh transactions should put upwards pressure on the spot price. Open interest has recovered slightly since the last drop. It is unlikely that it would drop again after only marginal increase. Historically OI tends to add at least 20% at the time. Strategy remains intact.

GBP FUTURES
GBP/USD
Date 17/02/2012
Total Open Interest 189,758
Net Marginal Change 2,266
Change in Total OI (%) 0.5

The British Sterling futures added 2,266 fresh transactions. Open interest remains flat to negative in this market. The GBP/USD spot price managed to climb in today’s trading. It looks like it is going to close the day in positive territory. Need to see more new contracts being created in order to support the new, bullish movement. Expect correction. Strategy – buy on dips.

YEN FUTURES
USD/JPY
Date 17/02/2012
Total Open Interest 150,214
Net Marginal Change -3,867
Change in Total OI (%) -15.98

The Japanese Yen futures OI declined by substantial 3,867 transactions. Yen lost overall 15.98% of the total open interest in the last ten trading sessions. The spot price has rallied significantly. Dropping open interest on rising prices suggests massive short covering. The 16% decline in OI might end the grand down trend on USD/JPY. Given the commercial sentiment, we should see higher or ranging prices from now on.

FRANK FUTURES
USD/CHF
Date 17/02/2012
Total Open Interest 49,566
Net Marginal Change 460
Change in Total OI (%) 25.30

Frank’s futures added another 460 new contracts. Swissy seems to be popular among the futures traders. Frank saw 25.30% increase in OI since the last decline. Rising OI shows the appetite for the security. We anticipate lower prices in USD/CHF market in the coming days/weeks.

AUD FUTURES
AUD/USD
Date 17/02/2012
Total Open Interest 153,623
Net Marginal Change 1,583
Change in Total OI (%) 35.40

An Australian dollar futures added 1,583 new transactions. The Aud dollar is still popular buy in the market. As mentioned earlier, OI is now slightly getting flat. As the spot price against the US dollar losing a steam too, we expect a correction. A correction will be considered with the falling price and strong OI. Only a significant drop in OI will give a reason for a deeper decline in price.

 

[Eugene]

Strategy report is must

I think without the analysis of the strategy, the trader cant result on gain from the forex trading....

 

[gfs]

21/02/2012 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 21/02/2012
Total Open Interest 295,500
Net Marginal Change 1,416

An Open Interest increased by 1,416 new transactions in Friday’s trading. The total of OI in Euro FX Futures amounted to 295,500 contracts. This level is still extremely high to compare to historical data. The Euro saw 8.921 new contracts being created by traders since the last massive decline. This number accounts for over 3% of the total OI. We now notice more fresh money coming into the Euro market. The EUR/USD managed to keep the steady level above 1.3250 during volatile week and economic uncertainty in Europe. We have been long from 1.3030 and expecting higher prices in this market. More new OI will be a strong signal to support the current uptrend.

GBP FUTURES
GBP/USD
Date 21/02/2012
Total Open Interest 186,626
Net Marginal Change -3,132

The British Sterling futures Open Interest decreased by another 3,132 transactions. Cable’s interest remains low among futures traders. The OI has been quite volatile recently. Overall GBP decreased by 10.3% since 03 Jan 2012. This decline might signal the end of massive recent downtrend (1.61-1.52). Since 1.52 we have experienced rising prices on the ranging interest. Given that the downtrend is now over, we expect higher prices in GBP/USD. More new OI is needed to support more substantial move upwards. Expect the correction towards 1.56 in short run.

YEN FUTURES
USD/JPY
Date 21/02/2012
Total Open Interest 150,379
Net Marginal Change 165

The Japanese Yen futures OI added only 165 new positions in Friday’s trading. This is the first day with a positive open interest since 6th Feb 2012. 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. At this stage, intervention can be ruled out.

FRANK FUTURES
USD/CHF
Date 21/02/2012
Total Open Interest 51,086
Net Marginal Change 1,520

Frank’s futures added another 1,520 new contracts. Frank is getting quite popular currency to buy among traders. It has added 29% since the decline ended on 25th Jan 2012.Unless 10% drop in OI expect lower prices in USD/CHF in the coming days/weeks. Strategy remains the same – sell USD/CHF on rallies.

AUD FUTURES
AUD/USD
Date 21/02/2012
Total Open Interest 150,578
Net Marginal Change -3,045

An Australian dollar futures OI declined by substantial 3,045 contracts. Aud OI has been flattening for a week now. The rate that traders add new transactions is definitely fading. Australian dollar tend to drop significant amount of an open interest in only few sessions. Given the fact that commercials traders are extremely short in Aud futures, we might see a correction in AUD/USD spot price. The fading OI is a signal that less new money is going into AUD futures market. We have placed the short positions accordingly. For an update please refer to our forex signal page.

 

[edwarddevis]

Daily currency report will be quite beneficial tool for young investors as they can learn from the past record of the currency pairs, it will be the main reflection of such kind of facilities for the traders.