Latest Commitment of Traders positions (FX) as March 14th 2017

CFTC commitment of traders report was released on Friday (17th March) and cover positions up to Tuesday (14th March). COT report is not a complete presenter of entire market positions since the future market is relatively smaller compared to Spot FX market. Nevertheless, it presents crucial picture on how key participants are looking at future moves.

Key highlights:

Market participants are net short in all currencies against the dollar except the Australian dollar and the Canadian dollar.

Shorts decreased:

• The Mexican peso saw the biggest decrease in the net-short positions, where net-shorts decreased by 37,291 contracts to -5.5K contracts. Short positions declined for fourth consecutive week.
• The euro shorts got covered in the tune of 18,474 contracts that pushed the net position to -41K contracts.
• The Swiss franc shorts declined by 1,019 contracts that brought the net position to -9K contracts.

Shorts increased:

• The British pound registered the biggest increase in short positions among its peers as the short positions got raised by 25,680 contracts to -107.1K contracts. Shorts increased for a fifth consecutive week.
• Japanese yen shorts got increased by 16,597 contracts that pushed the net position to -71.3K contracts.
• Shorts in New Zealand dollar were increased by 1,180 contracts and the net position reached to -5.6K contracts.

Longs decreased:

• The long position in the Canadian dollar declined for a second consecutive week where longs decreased by 7,762 contracts pushing the net position to +21.5K contracts.
• Long positions in Australian dollar were covered for a second consecutive week and by 7,713 contracts last week that pushed the net position to +43.3K contracts.