Latest Commitment of Traders positions (FX) as of February 14th 2017

CFTC commitment of traders report was released on Friday (17th February) and cover positions up to Tuesday (14th February). 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 Australian dollar, New Zealand dollar, and the Canadian dollar.

Shorts decreased:

• The Japanese yen saw the biggest decrease in the net-short positions, where net-shorts decreased by 3,776 contracts to -51.3K contracts.
• The net short position in the Swiss franc declined by 3,137 contracts to -11.5K contracts.

Longs increased:

• The Canadian dollar longs were increased by 10,790 contracts, pushing the net position to +19.3K contracts. Longs increased for fourth consecutive week.
• The Australian dollar longs were increased for fourth consecutive week and by 7,470 contracts to +24.2K contracts.
• The New Zealand dollar longs were increased by 1,031 contracts to +2.9K contracts.

Shorts increased:

• The euro registered the biggest increase in short positions last week among its peers as the short position raised by 1,813 contracts to -46.8K contracts.
• The shorts in Mexican peso were increased by 1,725 contracts to -60.2K c contracts.
• The British pound shorts were increased by 989 contracts to -65.5K contracts.