CFTC commitment of traders report was released on Friday (12th July) and cover positions up to Tuesday (9th July). 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 and the Canadian dollar.
Short positions increased:
- The short positions in the British pound rose by 8,738 contracts to -73K contracts.
- The short positions in the Japanese yen rose by 2,424 contracts to -3.6K contracts.
- The short positions in the euro rose by 4,132 contracts to -35.9K contracts.
Long position decreased:
- The long positions in the Mexican Peso rose by 18,115 contracts to +126.4K contracts.
- Long positions in the Canadian dollar rose by 2,933 contracts to +9.2K contracts.
Short positions decreased:
- The short positions in the New Zealand dollar declined by 1,827 contracts to -22.2K contracts.
- The short positions in the Australian dollar declined by 4,728 contracts to -54K contracts.
- The short positions in the Swiss franc declined by 314 contracts to -10.4K contracts