Latest Commitment of Traders positions (FX) as of December 6th, 2016

CFTC commitment of traders report was released on Monday (9th December) and cover positions up to Tuesday (6th December). 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 for the Australian dollar.

Shorts increased:

• The Japanese yen registered the biggest increase in net short positions among its peers last week. The net-short positions increased by 33,668 contracts to -33.9K contracts.
• The New Zealand dollar saw its shorts increase by 2,080 contracts to -3.95K contracts.
• Swiss Franc shorts were increased by 1,063 contracts to -25.4K contracts.

Shorts decreased:

• The euro saw the biggest decrease in the net-short positions, where net-shorts decreased by 4,684 contracts -114.6K contracts.
• The net short position in British pound sterling declined marginally by 897 contracts to -77.2K contracts.
• The Mexican peso saw its short positions go down by 434 contracts to -54.1K contracts.
• The net shorts in the Canadian dollar went down by 418 contracts to -18.2K contracts.

Longs decreased:

• The Australian dollar registered the only long covering among peers, where long positions declined by 86 contracts to +20.9K contracts.