CFTC commitment of traders report was released on Friday (21st July) and cover positions up to Tuesday (18th July). 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 long in all currencies against the dollar except the British pound, Japanese yen, and the Swiss franc.
Shorts decreased:
- Short positions in the British pound declined last week and by 7,665 contracts that pushed the net position to -16.5K contracts. The short positions declined for a third consecutive week.
Shorts increased:
- The short positions in the Japanese yen increased last week and by 14,794 contracts that pushed the net position to -126.9K contracts. Shorts increased for a sixth consecutive week.
Long positions increased:
- The Mexican peso registered the biggest increase in the long positions among peers last week as long positions got increased by 14,680 contracts to +112.5K contracts. Long positions increased for a fourth consecutive week.
- The long positions in the euro increased by 7,533 contracts last week that pushed the net position to +91.3K contracts. The long positions increased for a fourth consecutive week.
- The long positions in the New Zealand dollar increased for a fifth consecutive week and by 4,076 contracts that pushed the net position to +36K contracts.
- The long positions in Australian dollar increased for a fourth consecutive week and by 14,550 contracts, which pushed the net position to +51.3K contracts.
Position shifted from short to long:
- The short positions in the Canadian decreased in such a fashion that the net position turned positive. The short positions decreased by 16,647 contracts to +8K contracts.
Position shifted from short to long:
- The short positions in the Swiss franc increased in such a fashion that the net position turned negative. The short positions increased by 3,875 contracts to -3.7K contracts.


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