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 26/01/2012
Total Open Interest 309,825
Net Marginal Change -5,525
Marginal Accumulation 182,769
Change in Total OI (%) 81.23
The EUR/USD spot price advanced further in today�s trading. We should see some resistance soon. The open interest decreased in previous� session by 5,525 transactions. The overall level of open interest in this market remains strong. The strength suggests that bearish outlook stays intact for now. Only significant drop in open interest will give a reason to enter full long position. Earlier position we held in EUR/USD closed in money.
GBP FUTURES
GBP/USD
Date 26/01/2012
Total Open Interest 188,833
Net Marginal Change -1,207
Marginal Accumulation -25,957
Change in Total OI (%) -12.2
And another day of open interest decline in British Pound futures. This time traders dropped 1,207 at the rising prices. The total decline in OI since 13th Jan amounts to 12.2%. This is a significant level to reverse the bearish trend. We recommend buying GPB/USD on pullbacks.
YEN FUTURES
USD/JPY
Date 25/01/2012
Total Open Interest 150,520
Net Marginal Change -1,541
Marginal Accumulation -17,550
Change in Total OI (%) -10.44
After a significant drop of open interest in yen futures, we saw another decline of 1,541 transactions in yesterday�s session. As of now Yen�s futures open interest declined by 10.4%. This is a significant amount and should give a reason for the trend to reverse. A word of caution. As of the previous decline in OI (15-26 Dec 20110, Yen added 29% before started to drop again last week. Normally we notice a pattern between declining open interest and trend reversal AFTER a significant OI accumulation. A small accumulation 20-30% followed by a second drop put a correction in price and trend continued adding more new interest. We might see a correction here or the trend reversal.
FRANK FUTURES
USD/CHF
Date 26/01/2012
Total Open Interest 40,517
Net Marginal Change 1,203
Marginal Accumulation 1,203
Change in Total OI (%) 2.97
Swissy�s futures after dropping 7.7% since 6th Jan, has now added 1,203 new contracts. This could be a continuation of the decline or we witness new short contracts coming in to support new bearish USD/CHF trend. Spot price has been falling since last week. We might now see a correction. We recommend selling USD/CHF.
AUD FUTURES
AUD/USD
Date 26/01/2012
Total Open Interest 144,246
Net Marginal Change 4,522
Marginal Accumulation 41,586
Change in Total OI (%) 28.88
The Australian dollar�s open interest increased slightly. Traders added 4,522 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 in these markets.
For the full report please go to
Futures report
Open Interest