Latest Commitment of Traders positions (FX) as at May 28th 2019

CFTC commitment of traders report was released on Friday (31st May) and cover positions up to Tuesday (28th 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 282 contracts to -66.4K contracts.
• The short positions in the British pound sterling rose by 5,844 contracts to -32K contracts.
• The short positions in the New Zealand dollar rose sharply by 5,284 contracts to -16.1K contracts.
• The short positions in the Japanese yen rose by 385 contracts to -55.6K contracts.

Long position decreased:

• The long positions in the Mexican Peso declined by 4,018 contracts to +142.5K contracts.

Short positions decreased:

• The short positions in the Swiss franc declined for the 2nd consecutive week, and by 2,820 contracts to -34.7K contracts.
• The short positions in the Canadian dollar declined by 2,813 contracts to -39.4K contracts.
• The short positions in the euro declined by 1,411 contracts to -99.7K contracts.