 as at April 11th 2017 - EconoTimes)
CFTC commitment of traders report was released on Friday (14th April) and cover positions up to Tuesday (11th April). 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.
Shorts decreased:
- The Japanese yen saw the biggest decrease in the net-short positions among peers, where net-shorts decreased by 11,036 contracts to -34.8K contracts. Shorts decreased for fourth consecutive week.
- The shorts in Swiss franc declined by 3,697 contracts last week, which brought the net position to -10.1K contracts.
Shorts increased:
- The euro registered the biggest increase in the short positions among its peers as the short positions got increased by 7,551 contracts to -19K contracts. Shorts increased for the second consecutive week.
- The pound shorts got increased by 6,228 contracts which pushed the net position to -105.9K contracts.
- The Canadian dollar shorts got increased by 2,109 contracts that pushed the net position to -32.3K contracts.
- Short positions in Mexican peso got increased by 2,987 contracts, which pushed the net position to -12.7K contracts.
- The New Zealand dollar shorts got increased by 429 contracts to -15.1K contracts.
Longs covered:
- The Australian dollar is the only counter where longs were covered and by 4,442 contracts last week that pushed the net position to +45.1K contracts. Long positions got covered for second consecutive week.
