Latest Commitment of Traders positions (FX) as at July 3rd 2017

CFTC commitment of traders report was released on Friday (7th July) and cover positions up to Tuesday (3rd 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, Swiss franc, Japanese yen, and the Canadian dollar.

Shorts decreased:

• Short positions in the British pound declined last week and by 11,366 contracts that pushed the net position to -27.8K contracts.
• The short positions in the Canadian dollar declined by 10,123 contracts to -39.4K contracts. Shorts declined for a sixth consecutive week.
• Short positions in the Swiss franc declined last week and by 4,556 contracts that pushed the net position to -113 contracts.

Shorts increased:

• The short positions in the Japanese yen increased last week and by 13,686 contracts that pushed the net position to -75K contracts. Shorts increased for a fourth consecutive week.

Long positions increased:

• The euro registered the biggest increase in the long positions among peers last week as long positions got increased by 18,769 contracts to +77.5K contracts. Long positions increased for a second consecutive week.
• The long positions in the Australian dollar increased by 12,665 contracts last week that pushed the net position to +32.4K contracts. The long positions increased for a fourth consecutive week.
• The long positions in the New Zealand dollar increased for a third consecutive week and by 3,900 contracts that pushed the net position to +29.1K contracts.
• The long positions in Mexican peso increased for a second consecutive week and by 3,852 contracts, which pushed the net position to +85KL contracts.