Latest Commitment of Traders positions (FX) as at April 26th, 2016

CFTC commitment of traders report was released on Friday (29th April) and cover positions up to Tuesday (26th April). COT report is not a complete presenter of entire market positions, since 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 long in all currencies against Dollar, except for Euro, Pound and Mexican Peso.

Shorts increased –

• Mexican peso is the only counter, where shorts were increased by 4,906 contracts to -19.3K contracts.

Shorts covered –

• Euro saw biggest short covering in tune of 7,250 contracts, bringing net position to -39.7K contracts.
• Sterling saw second biggest short covering, where net short positions were reduced by 6,483 contracts to -48.7contracts.

Longs increased –

• Australian Dollar saw biggest increase in net longs by 15,434 contracts to +59.5K contracts.
• Canadian Dollar net longs were increased by 4,691 contracts to +12K contracts.
• New Zealand Dollar net longs were increased by 2,033 contracts to +7.4K contracts.

Longs decreased –

• Japanese Yen saw biggest long bookings, where longs were reduced by 5,372 contracts to +66.5K contracts.
• Swiss Franc longs were reduced marginally by 145 contracts to +9.3K contracts.