United States International Monetary Market (IMM) Date

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

The United States International Monetary Market (IMM) date measures the volume and positioning of speculative futures contracts in various financial instruments, including currencies, commodities, and interest rates. Its primary focus lies on gauging market sentiment and the behavior of traders, particularly the net positioning of commercial and non-commercial traders in standardized futures contracts.

Frequency

The IMM report is released on a weekly basis, typically published every Friday, reflecting data from the previous Tuesday's trading activity.

Why Do Traders Care?

Traders monitor the IMM date as it provides insights into market sentiment and potential future price movements based on positioning in the futures market. A significant shift in speculative positions can impact key assets, influencing currencies and commodities, and serve as a vital component for economic forecasts and strategic decision-making.

What Is It Derived From?

The IMM date is derived from data collected by the Commodity Futures Trading Commission (CFTC), which involves detailed reporting from market participants categorized as commercial and non-commercial traders. The data encompasses open interest, long and short positions, and is aggregated to reflect overall market sentiment and positioning.

Description

Preliminary data from the IMM report provides an early assessment of market positioning, which can be subject to minor revisions in subsequent reports. Traders utilize this data primarily on a week-over-week basis, focusing on changes in long and short positions amongst different trader categories, which helps them interpret market trends and potential volatility.

Additional Notes

The IMM date is considered a leading indicator of market sentiment and can provide early signals regarding potential price movements in the underlying commodities or currencies. This report is crucial for understanding broader economic trends, as it reflects traders' expectations and can be compared to other sentiment-based indicators and economic reports globally.

Bullish or Bearish for Currency and Stocks

Given that positions are often speculative, if actual IMM positions exceed forecasts in net long contracts for a currency, it may be classified as higher than expected: bullish for the currency, bearish for stocks. Conversely, if net short positions rise unexpectedly, it would likely be seen as lower than expected: bearish for the currency, bullish for stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise