 as March 28th 2017 - EconoTimes)
CFTC commitment of traders report was released on Friday (31st March) and cover positions up to Tuesday (28th 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.
Shorts decreased:
- The Japanese yen saw the biggest decrease in the net-short positions, where net-shorts decreased by 13,806 contracts to -53.2K contracts. Shorts decreased for second consecutive week.
- The euro shorts got covered in the tune of 11,739 contracts that pushed the net position to -7.9K contracts. Shorts decreased for third consecutive week.
- The pound shorts declined for the first time in eight weeks and by 3,769 contracts that brought the net position to -104.1K contracts.
Shorts increased:
- The Swiss franc registered the biggest increase in the short positions among its peers as the short positions got reduced by 4,413 contracts to -16.4K contracts. Shorts increased for the second consecutive week.
- The Canadian dollar shorts got increased by 3,814 contracts which pushed the net position to -28.2K contracts.
- The Mexican peso shorts got increased by 1,456 contracts that pushed the net position to -4.7K contracts.
- The New Zealand dollar shorts got increased by just 19 contracts to -12.6K contracts.
Longs increased:
- The Australian dollar is the only counter where longs were increased and by 8,183 contracts last week that pushed the net position to +53.1K contracts. The long position increased for second consecutive week.
