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 12/01/2012
Last extreme 06/01/2011
Total Open Interest 299,073
Net Marginal Change 4,810
Marginal Accumulation 597
Change in Total OI (%) 0.20

Last night we saw 4,810 new contracts coming into euro futures. This amount has now recovered almost in full he recent drop. This is an indication of the trend continuation. The drop we noticed few days ago accounted for only 2.4% of the total open interest and should not be sufficient enough to bring trend reversal. The downtrend remains intact.


GBP FUTURES GBP/USD
Date 12/01/2012
Last extreme 30/12/2011
Total Open Interest 208,342
Net Marginal Change 8,487
Marginal Accumulation 18,756
Change in Total OI (%) 9.6

In yesterday’s trading we saw that traders added a significant 8,487 new transactions in this market. The current accumulation since the recent 8% accounts for almost 10% in new open interest. With the prices dropping we should see the bottom forming soon.


YEN FUTURES USD/JPY
Date 12/01/2012
Last extreme 27/12/2011
Total Open Interest 164,974
Net Marginal Change 1,441
Marginal Accumulation 35,472
Change in Total OI (%) 26.76

Yen futures open interest increased by 1,441 transactions. The level of OI remains flat. It could be a indication of the current trend weakness. We closed part of the short usd/jpy position.


FRANK FUTURES USD/CHF
Date 12/01/2012
Last extreme 01/11/2011
Total Open Interest 41,811
Net Marginal Change -58
Marginal Accumulation 42,276
Change in Total OI (%) 148.90

Open Interest in frank’s futures remains unchanged. We saw slight drop of 58 transactions in this market . This dynamic indicates trend weakness. We might be forming a top in chf/usd this week. We shall see further drop in open interest to consider short positions.


AUD FUTURES AUD/USD
Date 12/01/2012
Last extreme 19/12/2011
Total Open Interest 128,383
Net Marginal Change 2,469
Marginal Accumulation 25,723
Change in Total OI (%) 17.87


We saw another substantial 2,469 new contracts in this market last night. Another strong confirmation if the current trend.