Latest Commitment of Traders positions (FX) as at July 2nd 2019

CFTC commitment of traders report was released on Monday (8th July) and cover positions up to Tuesday (2nd July). The COT report is not a complete presenter of entire market positions since the future market is relatively smaller compared to the Spot FX market. Nevertheless, it presents a crucial picture of how key participants are looking at future moves.

Key highlights:

Market participants are net short in all currencies against the dollar except the Mexican peso and the Canadian dollar.

Short positions increased:

• The short positions in the British pound rose by 5,307 contracts to -64.2K contracts.

Long position decreased:

• The long positions in the Mexican Peso declined by 6,768 contracts to +108.3K contracts.

Short positions decreased:

• The short positions in the New Zealand dollar declined by 21 contracts to -24K contracts.
• The short positions in the Japanese yen declined by 8,920 contracts to -1.2K contracts.
• The short positions in the Canadian dollar declined for the third consecutive week, and by 21,083 contracts to +6.3K contracts.
• The short positions in the euro declined by 24,562 contracts to -31.7K contracts.
• The short positions in the Australian dollar declined by 7,585 contracts to -58.7K contracts.
• The short positions in the Swiss franc declined by 5,739 contracts to -10.7K contracts.