Latest Commitment of Traders positions (FX) as at June 20th 2017

CFTC commitment of traders report was released on Friday (23rd June) and cover positions up to Tuesday (20th June). 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:

• The short positions in the Canadian dollar declined by 5,714 contracts to -82.9K contracts. Shorts declined for a fourth consecutive week.
• Short positions in Swiss franc got declined by 11,478 contracts to -3K contracts. Shorts declined for a fifth consecutive week.
• Short positions in the British pound declined by 1,837 contracts last week that pushed the net position to -37.6K contracts
• Short positions in the Japanese yen declined by 594 contracts last week that pushed the net position to -49.9K contracts.

Long positions decreased:

• Mexican peso registered the biggest decrease in the long positions among peers last week as long positions got decreased by 46,829 contracts to +49K contracts. Long positions decreased for the first time in four weeks.
• The long positions in the euro decreased by 34,201 contracts last week that pushed the net position to +44.8K contracts. Long positions decreased for the first time in seven weeks.

Long positions increased:

• The long positions in Kiwi increased sharply last week and by 19,860 contracts, which pushed the net position to +21.5KL contracts.

Position shifted from short to long:

• The long positions in the Australian dollar increased by 16,544 contracts and in such a fashion that the net position shifted from a short to a long. The current position stands at +15K contracts.