Latest Commitment of Traders positions (FX) as at March 29th, 2016

CFTC commitment of traders report was released on Friday (1st April) and cover positions up to Tuesday (29th 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.

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 –

• Sterling is the only counter, where shorts were increased by 2305 contracts to -40, 028 contracts

Shorts covered –

• Canadian Dollar saw biggest short covering in tune of 8829 contracts leading to net short of -6180 contracts.
• Mexican Peso shorts were reduced by 4900 contracts to -40, 796 contracts.
• Euro shorts were covered in tune of 2.242 contracts to -63,811 contracts.

Longs increased –

• Australian Dollar saw biggest increase in net longs by 5436 contracts to net +23,466 contracts.
• Yen longs were increased by 1,041 contracts to +54,387 contracts.
• New Zealand Dollar longs were increased by 857 contracts to +1,874 contracts.