Latest Commitment of Traders positions (FX) as of November 22nd, 2016

CFTC commitment of traders report was released on Monday (28th November) and cover positions up to Tuesday (22nd 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, New Zealand dollar, and the Australian dollar.

Shorts increased:

• The Mexican peso registered the biggest increase in net short positions among its peers last week. The net-short positions increased by 3,161 contracts to -48.3K contracts.
• Swiss Franc short positions rose by 706 contracts to -22.9K contracts.
• The euro registered marginal increase in the net short position and by 166 contracts to -119.3K contracts.

Shorts decreased:

• The British pound registered a decrease in the net short positions, the biggest among peers last week and by 5,995 contracts to -74.3K contracts.
• The Canadian dollar registered a decrease in net short positions by 1,137 contracts to -17.5K contracts.

Longs decreased:

• The Australian dollar registered the biggest long covering among peers, where long positions declined by 10,813 contracts to +30.7K contracts.
• The Japanese yen saw sharp decrease in the net long positions and by 9,776 contracts to +10.9K contracts.

Positions flipped from long to short:

• The New Zealand dollar shorts rose in such a way that the net positions flipped from long to short. The net short positions rose by 2,576 contracts, bringing the net positions to -0.5K contracts.