Latest Commitment of Traders positions (FX) as at May 21st 2019

CFTC commitment of traders report was released on Friday (24th May) and cover positions up to Tuesday (21st May). 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 Australian dollar rose by 2,065 contracts to -66.1K contracts.
• The short positions in the British pound sterling rose by 22,834 contracts to -26.1K contracts.
• The short positions in the euro rose by 5,801 contracts to -101.1K contracts.

Long position decreased:

• The long positions in the Mexican Peso declined by 1,722 contracts to +146.5K contracts.

Short positions decreased:

• The short positions in the New Zealand dollar declined by 574 contracts to -10.9K contracts.
• The short positions in the Japanese yen declined by 6,388 contracts to -55.2K contracts.
• The short positions in the Swiss franc declined by 2,515 contracts to -37.5K contracts.
• The short positions n the Canadian dollar declined by 5,352 contracts to -42.2K contracts.