Latest Commitment of Traders positions (FX) as at June 18th 2019

CFTC commitment of traders report was released on Friday (21st June) and cover positions up to Tuesday (11th June). 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 Canadian dollar declined last week by 5,231 contracts to -38.1K contracts.
• The short positions in the New Zealand dollar rose by 8,346 contracts to -24.5K contracts.
• The short positions in the Australian dollar rose by 1,637 contracts to -64.9K contracts

Long position decreased:

• The long positions in the Mexican Peso rose by 15,491 contracts to +116.8K contracts.

Short positions decreased:

• The short positions in the euro declined by 34,462 contracts to -52.3K contracts.
• The short positions in the British pound sterling declined by 7,763 contracts to -52.6K contracts.
• The short positions in the Swiss franc declined by 9,304 contracts to -15.5K contracts.
• The short positions in the Japanese yen rose by 28,600 contracts to -16.6K contracts.