Latest Commitment of Traders positions (FX) as of March 15th, 2016

CFTC commitment of traders report was released on Friday (18th March) and cover positions up to Tuesday (15th March). COT report is not a complete presenter of entire market positions, since future market is relatively smaller compared to Spot FX market. Nevertheless, it presents crucial picture on how key participants are looking at future moves.

This position update is after ECB decision and before FOMC.

Key highlights 

Market participants are net short on Euro, Pound, Canadian Dollar and Mexican Peso, while long in Swiss Franc, New Zealand Dollar, Australian Dollar and Yen.

Shorts increased –

• Euro registered increase in net shorts, where shorts were increased by 5700 contracts to -77,600 contracts.

Shorts covered –

• Sterling shorts were reduced by 35,400 contracts to -13,600 contracts.
• Mexican Peso shorts were covered by 11,400 contracts to -45,000 contracts.
• Canadian Dollar net shorts were covered by 9,000 contracts to -16,800 contracts.

Longs decreased 

• Japanese Yen net long positions were reduced by 18,800 contracts to 45,500 contracts.
• Australian Dollar long positions were reduced by 11,100 contract to 12,800 contracts.

Positions flipped to net long 

• Swiss Franc position shifted from net short of -100 contracts to net long of 5300 contracts. Traders increased gross long position by 2900 contracts and reduced gross short position by 2500 contracts.
• New Zealand Dollar net position shifted from -2000 contracts to +1300 contracts as traders increased gross long positions by 100 contracts and reduced gross short position by 3200 contracts.