Latest Commitment of Traders positions (FX) as at May 31st, 2016

CFTC commitment of traders report was released on Friday (3rd June) and cover positions up to Tuesday (31st 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 Dollar, except for Yen, Kiwi, and Loonie.

Shorts increased –

• Mexican Peso saw the biggest increase in net short positions, where shorts were increased in tune of 8,141 contracts to -55.4K contracts.
• Euro saw a marginal increase in net shorts, where they were increased by 269 contracts to -32.5K contracts.

Shorts covered –

• British pound saw marginal short covering in tune of 975 contracts, bringing net position to -31.9K contracts.

Longs decreased –

• Japanese Yen suffered the biggest covering in net longs, where net longs were reduced by 5,511 contracts to +16.7K contracts.

Longs increased –

• Canadian Dollar longs were increased by 5,901 contracts to +26.2K contracts.
• New Zealand Dollar longs were increased by 928 contracts to +5.5K contracts.

Position flipped –

• Australian Dollar positions flipped from net long to short as net short position increased by 4,827 contracts to -4.8K contracts.
• Swiss Franc positions flipped from net long to short as net short position increased by 3,698 contracts to -1.1K contracts.