Latest Commitment of Traders positions (FX) as at May 3rd, 2016

CFTC commitment of traders report was released on Friday (29th April) and cover positions up to Tuesday (26th April). 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 long in all currencies against Dollar, except for Euro, Pound and Mexican Peso.

Shorts covered –

• Euro saw biggest short covering in tune of 16,048 contracts, bringing net position to -23.6K contracts.
• Sterling saw second biggest short covering, where net short positions were reduced by 8,261 contracts to -40.4K contracts.
• Mexican Peso saw short covering in tune of 6,895 contracts to -12.4K contracts.

Longs increased –

• Canadian Dollar saw biggest increase in net long position in tune of 6,944 contracts to +18.94K contacts.
• New Zealand Dollar net longs were increased by 1,816 contracts to +9.2K contracts.

Longs decreased –

• Australian Dollar saw biggest net long bookings of 7,145 contracts, bringing net position to +52.4K contracts.
• Japanese Yen saw second biggest long bookings, where longs were reduced by 4,977 contracts to +61.5K contracts.
• Swiss Franc longs were reduced by 2,436 contracts to +6.83K contracts.