CFTC commitment of traders report was released on Friday (19th April) and cover positions up to Tuesday (16th April). The COT report is not a complete presenter of entire market positions since the future market is relatively smaller compared to the Spot FX market. Nevertheless, it presents a crucial picture of how key participants are looking at future moves.
Key highlights:
Market participants are net short in all currencies against the dollar except the Mexican peso.
Short positions increased:
- The short positions in the Japanese yen rose by 15,586 contracts to -87.1K contracts.
- The short positions in the Swiss franc rose by 4,438 contracts to -32.6K contracts.
- Short positions in the New Zealand dollar rose by 1,738 contracts to -3.2K contracts.
- The short positions in the Canadian dollar rose by 5,960 contracts to -49.2K contracts.
Long position increased:
- The long positions in the Mexican Peso rose by 593 contracts to +156K contracts.
Short positions decreased:
- The short positions in the British pound declined by 7,438 contracts to +0.92K contracts.
- The short positions in the Australian dollar declined by 7,536 contracts to -46.9K contracts.
- The short positions in the euro declined by 4,175 contracts to -98K contracts.