Latest Commitment of Traders positions (FX) as at June 21st, 2016

CFTC commitment of traders report was released on Friday (24th June) and cover positions up to Tuesday (21st 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:

• British Pound saw the biggest increase in net short positions by 15,286 contracts to -51.9K contracts.
• Euro shorts were increased by 4,857 contracts to -61.3K contracts.
• Speculators increased Mexican Peso shorts by 3,261 contracts to 68.9K contracts.
• Australian Dollar shorts were increased marginally by 265 contracts to -7K contracts.

Shorts covered:

• New Zealand dollar shorts were covered by 773 contracts and bringing net position to -3K contracts.

Longs decreased:

• Canadian Dollar suffered  a big decrease in long positions in the tune of 15,845 contracts. That brought the net long position to +2.6K contracts.
• Japanese Yen longs were reduced by 3,394 contracts to +52.3K contracts.
• The long position in Swiss franc got reduced by 749 contracts to +6.4K contracts.