Latest Commitment of Traders positions (FX) as at April 5th, 2016

CFTC commitment of traders report was released on Friday (8th April) and cover positions up to Tuesday (5th April). COT report is not a complete presenter of entire market positions, since 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 long in all currencies against Dollar, except for Euro, Pound and Mexican Peso.

Shorts increased –

• Sterling is the only counter, where shorts were increased by 6478 contracts to -46,506 contracts.

Shorts covered –

• Euro saw biggest short covering, where net short positions were reduced by 10.324 contracts to – 53,487 contracts.
• Mexican Peso saw second biggest short covering, where net short positions got reduced by 8918 contracts to -31, 878 contracts.

Longs increased –

• Japanese Yen saw biggest increase in net long position by 5686 contracts to + 60,073 contracts.
• Australian Dollar net longs were increased by 3379 contracts to +26,845 contracts.
• New Zealand Dollar net longs were increased by 1029 contracts to +2,903 contracts.
• Swiss franc net longs were increased 1002 contracts to +5,649 contracts.

Position flipped to net Long –

• As net position increased by 6277 contracts on the bull side, Canadian Dollar net position flipped to net long of 97 contracts.