Latest Commitment of Traders positions (FX) as March 7th 2017

CFTC commitment of traders report was released on Friday (10th March) and cover positions up to Tuesday (7th 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 3,025 contracts to -42.8K contracts. Short positions declined for third consecutive week.
• The Swiss franc shorts declined by 1,798 contracts that brought the net position to -10K contracts.

Shorts increased:

• The British pound registered the biggest increase in short positions among its peers as the short positions got raised by 10,766 contracts to -81.4K contracts.
• The shorts in Euro got increased by 8,337 contracts to -59.5K contracts.
• Japanese yen shorts got increased by 4,683 contracts that pushed the net position to -54.7K contracts.

Longs decreased:

• After seven consecutive increases, long positions were covered by 937 contracts that pushed the net position to +51K contracts.
• After six consecutive increases, long positions were covered by 870 contracts last week that pushed the net position to +29.2K contracts.

Position flipped from long to short:

• Short positions in New Zealand dollar declined in such a way that the net position shifted from long to short. Shorts were increased by  7,362 contracts that brought the net position to -4.4K contracts.