Latest Commitment of Traders positions (FX) as at April 25th 2017

CFTC commitment of traders report was released on Friday (28th April) and cover positions up to Tuesday (25th April). 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 short positions in the British sterling declined by 8,308 contracts last week and the current position stands at -91.2K contracts.
• The Japanese yen saw another big decrease in the net-short positions, where net-shorts decreased by 3,594 contracts to -26.9K contracts. Shorts decreased for a sixth consecutive week.
• The shorts in the euro declined marginally by 754 contracts last week, which brought the net position to -20.9K contracts.

Shorts increased:

• The Canadian dollar registered the biggest increase in the short positions among its peers as the short positions got increased by 9,390 contracts to -42.6K contracts.
• The Swiss franc shorts got increased by 3,515 contracts which pushed the net position to -17.3K contracts.
• The New Zealand dollar shorts got increased by 398 contracts that pushed the net position to -15.4K contracts.

Long covered:

• The Australian dollar is the only counter where long positions were covered and by 560 contracts last week that pushed the net position to +42.7K contracts. Long positions got covered for the fourth consecutive week.

Long increased:

• The long positions in Mexican peso got increased last week by 1,794 contracts that pushed the net position to +16K contracts.