Latest Commitment of Traders positions (FX) as at July 19th, 2016

CFTC commitment of traders report was released on Friday (22nd July) and cover positions up to Tuesday (July 19th). 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 long in all currencies against Dollar, except for the Mexican peso, euro, and the pound.

Shorts increased:

• The sterling registered the biggest increase in net short position as speculators increased net short positions by 14,319 contracts to -74.4K contracts.
• The euro saw its net short position rise by 12,231 contracts to -99.9K contracts.
• The net short position in the Mexican peso got boosted by 2,194 contracts to -39.4K contracts.

Longs increased:

• Among the group, Australian Dollar saw the biggest increase in net long positions and by 17,215 contracts to +33.4K contracts.
• Canadian dollar longs were increased by 4,893 contracts to +22.1K contracts.
• New Zealand dollar longs were increased by 1,162 contracts to 2.17K contracts.

Longs decreased:

• Japanese yen saw a sizable decrease in net longs as speculation over Bank of Japan’s (BoJ) actions went rampant. Net long position decreased by 8,192 contracts to +39.4K contracts.
• Swiss franc saw a covering of net long positions and by 2,031 contracts to +4.7K contracts.