Latest Commitment of Traders positions (FX) as at June 27th 2017

CFTC commitment of traders report was released on Friday (30th June) and cover positions up to Tuesday (27th 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 sharply by 33,386 contracts to -49.5K contracts. Shorts declined for a fifth consecutive week.

Shorts increased:

• The short positions in the Japanese yen increased last week and by 11,391 contracts that pushed the net position to -61.3K contracts.
• The short positions in the Swiss franc got increased last week and by 1,687 contracts that pushed the net position to -4.7K contracts.
• The short positions in the British pound got increased last week and by 1,529 contracts that pushed the net position to -39.1K contracts.

Long positions increased:

• Mexican peso registered the biggest increase in the long positions among peers last week as long positions got increased by 32,022 contracts to +81K contracts.
• The long positions in the euro increased by 13,843 contracts last week that pushed the net position to +58.7K contracts.
• The long positions in the Australian dollar increased for a second consecutive week and by 4,716 contracts that pushed the net position to +19.7K contracts.
• The long positions in Kiwi increased for a second consecutive week and by 3,778 contracts, which pushed the net position to +25.2KL contracts.