Latest Commitment of Traders positions (FX) as of December 13th, 2016

CFTC commitment of traders report was released on Friday (16th December) and cover positions up to Tuesday (13th December). 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 for the Australian dollar.

Shorts increased:

• The Japanese yen registered the biggest increase in net short positions among its peers last week. The net-short positions increased by 29,492 contracts to -63.4K contracts.
• The net short positions in Mexican peso rose by 3,593 contracts to -57.6K contracts.
• The net short positions in the Canadian dollar rose by 3,711 contracts to -21.9K contracts.

Shorts decreased:

• The euro saw the biggest decrease in the net-short positions, where net-shorts decreased by 27,043 contracts -87.5K contracts.
• The net short position in British pound sterling declined by 4,895 contracts to -72.3K contracts.
• New Zealand shorts were covered marginally by 250 contracts to -3.7K contracts.
• The net shorts in the Canadian dollar got covered marginally by 109 contracts to -25.3K contracts.

Longs decreased:

• The Australian dollar registered the only long covering among peers, where long positions declined by 7,398 contracts to +13.5K contracts.