Latest Commitment of Traders positions (FX) as of October 25th, 2016

CFTC commitment of traders report was released on Friday (28th October) and cover positions up to Tuesday (25th October). 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 third consecutive week. The net-short positions increased by 14,588 contracts to -123.9K contracts.
• The Swiss franc shorts were increased by 2,323 contracts to -18.7K contracts.
• The New Zealand dollar shorts increased marginally by 267 contracts to -0.4K contracts.

Shorts decreased:

• The British pound registered the biggest decrease in the net short positions among peers last week and by 7,596 contracts to -83.9K contracts.
• The net shorts in the Mexican peso declined by 5,376 contracts to -25.3K contracts.
• The Canadian dollar shorts declined marginally by 974 contracts to -13.3K contracts.

Longs increased:

• The net longs in the Japanese yen rose by 7,604 contracts to +44.6K contracts.
• The Australian dollar longs increased and by 1,943 contracts to +31.9K contracts.