Latest Commitment of Traders positions (FX) as at June 14th, 2016

CFTC commitment of traders report was released on Friday (17th June) and cover positions up to Tuesday (14th June). 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 Dollar, except for Yen, Franc, and Loonie.

Shorts increased:

• Speculators increased Mexican Peso shorts by 6,310 contracts to 65.6K contracts.

Shorts covered:

• British Pound saw the biggest decrease in net short positions, where shorts were covered in the tune of 29,638 contracts to -36.7K contracts.
• Euro saw the second biggest reduction in net short positions, where they were cut by 10,623 contracts to -56.5K contracts.

Longs decreased:

• Canadian Dollar longs decreased by 3,097 contracts to +18.4K contracts.

Longs increased:

• Japanese Yen saw the biggest increase in net longs again, and net longs rose by 12,837 contracts to +55.7K contracts.

Position flipped to long:

• Swiss Franc saw a large increase in net long position by 16,775 contracts, which flipped the net position from short to +7.1K contracts.

Position flipped to short:

• New Zealand Dollar saw sizable increase in net short position by 12,354 contracts, which flipped the net position from long to -3.81K contracts.