Latest Commitment of Traders positions (FX) as at May 30th 2017

CFTC commitment of traders report was released on Friday (2nd June) and cover positions up to Tuesday (30th 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 short positions in the New Zealand dollar declined by 3,678 contracts to -5.5K contracts.
• Short positions in Swiss franc got declined by 1,273 contracts to -18.5K contracts.
• Short positions in the Canadian dollar declined marginally by 922 contracts last week that pushed the net position to -98.2K contracts.

Shorts increased:

• The short positions in the British Pound increased for the first time in 10 weeks and by 5,784 contracts that pushed the net position to -29.6K contracts.
• The short position in the Japanese yen increased marginally by 619 contracts that pushed the net position to -52.3K contracts.

Long positions increased:

• Mexican peso registered the biggest increase in the long positions among peers last week as long positions got increased by 20,704 contracts to +75K contracts.
• The long positions in the euro increased by 8,024 contracts last week that pushed the net position to +72.9K contracts. Long positions increased for fourth consecutive week.
• The long positions in the Australian dollar increased for the first time in nine weeks and by 432 contracts that pushed the net position to +3.1K contracts.