Latest Commitment of Traders positions (FX) as of November 1st, 2016

CFTC commitment of traders report was released on Friday (4th November) and cover positions up to Tuesday (1st November). 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 Japanese yen, and the Australian dollar.

Shorts increased:

• The euro registered the biggest increase in net short positions among its peers last week for fourth consecutive week. The net-short positions increased by 13,529 contracts to -137.4K contracts.
• The Mexican peso shorts were increased by 11,129 contracts -36.5K contracts.
• The Canadian dollar registered increase in net short positions by 2,636 contracts to -16K contracts.
• The Swiss franc shorts were increased by 1,270 contracts to -20K contracts.
• The New Zealand dollar shorts increased marginally by 545 contracts to -1K contracts.

Shorts decreased:

• The British pound registered decrease in the net short positions, only among peers last week and by 1,001 contracts to -83K contracts.

Longs increased:

• The Australian dollar is the only counter where net longs rose and by 8,944 contracts to +40.9K contracts.

Longs decreased:

• The Japanese yen is the only counter, where net longs decreased and by 1,435 contracts to +43.2K contracts.