Latest Commitment of Traders positions (FX) as of February 21st 2017

CFTC commitment of traders report was released on Friday (24th February) and cover positions up to Tuesday (21st February). 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 Australian dollar, New Zealand dollar, and the Canadian dollar.

Shorts decreased:

• The Mexican peso saw the biggest decrease in the net-short positions, where net-shorts decreased by 3,732 contracts to -56.5K contracts.
• The net short position in the Swiss franc declined for a third consecutive week and by 2,548 contracts to -8.9K contracts.
• The Japanese yen shorts got covered for a sixth consecutive week and this time by 1,122 contracts that pushed the net position to -50.2K contracts.

Longs increased:

• The Australian dollar registered the biggest increase in long positions among its peers where longs were increased by 9,304 contracts, pushing the net position to +33.5K contracts. Longs increased for a sixth consecutive week.
• The Canadian dollar longs were increased for a fifth consecutive week and by 5,244 contracts to +24.6K contracts.
• The New Zealand dollar longs were increased by 282 contracts to +3.2K contracts.

Shorts increased:

• The euro registered the biggest increase in short positions for a second consecutive week among its peers as the short positions got raised by 11,487 contracts to -58.3K contracts.
• The British pound shorts were increased marginally for a second consecutive week and this week by 824 contracts to -66.4K contracts.