Latest Commitment of Traders positions (FX) as at May 7th 2019

CFTC commitment of traders report was released on Friday (10th May) and cover positions up to Tuesday (7th May). COT report is not a complete presenter of entire market positions since the 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 in all currencies against the dollar except the Mexican peso.

Short positions increased:

• Short positions in the New Zealand dollar rose by 1,282 contracts to -12.7K contracts.
• The short positions in the euro rose by 561 contracts to -106.1K contracts.
• The short positions in the British pound sterling rose by 2,211 contracts to -6.9K contracts.

Long position decreased:

• The long positions in the Mexican Peso declined by 50 contracts to +144.7K contracts.

Short positions decreased:

• The short positions in the Canadian dollar declined by 630 contracts to -46.1K contracts.
• The short positions in the Australian dollar declined by 1,956 contracts to-57K contracts.
• The short positions in the Swiss franc rose by 167 contracts to -39.6K contracts.
• The short positions in the Japanese yen declined by 7,882 contracts to -91.7K contracts.