Latest Commitment of Traders positions (FX) as at June 25th 2019

CFTC commitment of traders report was released on Friday (28th June) and cover positions up to Tuesday (25th June). 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.

Short positions increased:

• The short positions in the euro rose by 3,965 contracts to -56.3K contracts.
• The short positions in the British pound rose by 6,373 contracts to -58.9K contracts.
• The short positions in the Australian dollar rose by 1,457 contracts to -66.3K contracts.
• The short positions in the Swiss franc rose by 997 contracts to -16.5K contracts.

Long position decreased:

• The long positions in the Mexican Peso declined by 1,771 contracts to +115K contracts.

Short positions decreased:

• The short positions in the New Zealand dollar declined by 415 contracts to -24K contracts.
• The short positions in the Japanese yen declined by 6,418 contracts to -10.1K contracts.
• The short positions in the Canadian dollar declined for the second consecutive week, and by 23,281 contracts to -14.8K contracts.