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 25/01/2012
Last extreme 31/10/2011
Total Open Interest 315,350
Net Marginal Change 4,823
Marginal Accumulation 188,294
Change in Total OI (%) 83.68
The EUR/USD has advanced today towards 1.31 and it looks like it is going to end the day close to it. Traders added 4,823 in previous day’s session. The open interest on Euro Fx futures remains flat from Monday’s reading. Our bullish outlook is the same. Given the advance in price, we will need to see a significant drop in Open Interest to have a fundamental reason to enter new positions. We expect pullback to test the lows at dropping open interest soon. Long 30% position in EUR/USD closed in money today.
GBP FUTURES
GBP/USD
Date 25/01/2012
Last extreme 13/1/2012
Total Open Interest 190,040
Net Marginal Change -914
Marginal Accumulation -24,750
Change in Total OI (%) -11.6
A further drop in the British Pound open interest today. Traders dropped another 914 contracts. This is an 8th day in open interest decline in British Futures market. As expected, GBP/USD is trading higher. We recommend buying on dips.
YEN FUTURES
USD/JPY
Date 25/01/2012
Last extreme 27/12/2011
Total Open Interest 152,061
Net Marginal Change -12,420
Marginal Accumulation 22,559
Change in Total OI (%) 17.02
A big drop in Open Interest in Yen Futures last night. Yen declined by whooping 12,420 transactions. This is a significant drop in open interest in one day. Almost 10% decline lifted USD/JPY spot price by over 200 pips. The short sentiment in yen futures remains intact. Expect higher prices in USD/JPY in coming sessions.
FRANK FUTURES
USD/CHF
Date 25/01/2012
Last extreme 01/11/2011
Total Open Interest 39,314
Net Marginal Change -748
Marginal Accumulation 39,779
Change in Total OI (%) 140.10
Swissy’s futures interest remains flat. Traders decreased futures open interest by 748 positions. The rate of increase has been flat in over a week. The price of USD/CHF has fallen. We assume that the anticipated top is in place. Expect rebound to test the resistance. Only 10% decrease in open interest will give a reason to enter a full short position. GFS recommends selling USD/CHF on rallies.
AUD FUTURES
AUD/USD
Date 25/01/2012
Last extreme 19/12/2011
Total Open Interest 139,724
Net Marginal Change 733
Marginal Accumulation 37,064
Change in Total OI (%) 25.74
The Australian dollar’s open interest increased slightly. Traders added 733 new contracts in futures trading. The price of AUD/USD is climbing as expected. Gold has now broke above an important resistance on rising interest. We shall see even higher prices.
For the full report with graphs please go to
Currency futures and open interest report
Interpretation and analysis – GainForexSignal Team
Euro FX
EUR/USD
Date 25/01/2012
Last extreme 31/10/2011
Total Open Interest 315,350
Net Marginal Change 4,823
Marginal Accumulation 188,294
Change in Total OI (%) 83.68
The EUR/USD has advanced today towards 1.31 and it looks like it is going to end the day close to it. Traders added 4,823 in previous day’s session. The open interest on Euro Fx futures remains flat from Monday’s reading. Our bullish outlook is the same. Given the advance in price, we will need to see a significant drop in Open Interest to have a fundamental reason to enter new positions. We expect pullback to test the lows at dropping open interest soon. Long 30% position in EUR/USD closed in money today.
GBP FUTURES
GBP/USD
Date 25/01/2012
Last extreme 13/1/2012
Total Open Interest 190,040
Net Marginal Change -914
Marginal Accumulation -24,750
Change in Total OI (%) -11.6
A further drop in the British Pound open interest today. Traders dropped another 914 contracts. This is an 8th day in open interest decline in British Futures market. As expected, GBP/USD is trading higher. We recommend buying on dips.
YEN FUTURES
USD/JPY
Date 25/01/2012
Last extreme 27/12/2011
Total Open Interest 152,061
Net Marginal Change -12,420
Marginal Accumulation 22,559
Change in Total OI (%) 17.02
A big drop in Open Interest in Yen Futures last night. Yen declined by whooping 12,420 transactions. This is a significant drop in open interest in one day. Almost 10% decline lifted USD/JPY spot price by over 200 pips. The short sentiment in yen futures remains intact. Expect higher prices in USD/JPY in coming sessions.
FRANK FUTURES
USD/CHF
Date 25/01/2012
Last extreme 01/11/2011
Total Open Interest 39,314
Net Marginal Change -748
Marginal Accumulation 39,779
Change in Total OI (%) 140.10
Swissy’s futures interest remains flat. Traders decreased futures open interest by 748 positions. The rate of increase has been flat in over a week. The price of USD/CHF has fallen. We assume that the anticipated top is in place. Expect rebound to test the resistance. Only 10% decrease in open interest will give a reason to enter a full short position. GFS recommends selling USD/CHF on rallies.
AUD FUTURES
AUD/USD
Date 25/01/2012
Last extreme 19/12/2011
Total Open Interest 139,724
Net Marginal Change 733
Marginal Accumulation 37,064
Change in Total OI (%) 25.74
The Australian dollar’s open interest increased slightly. Traders added 733 new contracts in futures trading. The price of AUD/USD is climbing as expected. Gold has now broke above an important resistance on rising interest. We shall see even higher prices.
For the full report with graphs please go to
Currency futures and open interest report