Latest Commitment of Traders positions (FX) as at May 23rd 2017

CFTC commitment of traders report was released on Friday (26th May) and cover positions up to Tuesday (23rd May). 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 the dollar except the euro, Mexican peso, and the Australian dollar.

Shorts decreased:

• The British pound saw another big decrease in the net-short positions, where net-shorts decreased by 9,128 contracts to -23.9K contracts. Shorts decreased for a ninth consecutive week.
• The Japanese yen registered a big decrease in the short positions. The short positions declined by 8,352 contracts to -51.7K contracts.
• The short positions in the New Zealand dollar declined by 2,737 contracts to -9.2K contracts.
• Short positions in Swiss franc got declined by 1,377 contracts to -19.8K contracts.

Shorts increased:

• The Canadian dollar is the only counter where shorts got increased by 1,109 contracts which pushed the net position to -99.1K contracts. Shorts increased for a 12th consecutive week.

Long positions covered:

• The long position in the Mexican peso declined by 15,756 contracts to 54.3 K contracts.
• The long positions in Australian dollar got decreased for an eighth consecutive week, and by 3,790 contracts that pushed the net position to +2.6K contracts.

Long positions increased:

• The long positions in the euro increased by 27,241 contracts last week that pushed the net position to +64.8K contracts.