Latest Commitment of Traders positions (FX) as of January 31st 2017

CFTC commitment of traders report was released on Friday (3rd February) and cover positions up to Tuesday (31st January). 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 and the Canadian dollar.

Shorts decreased:

• The New Zealand dollar saw the biggest decrease in the net-short positions, where net-shorts decreased by 8,861 contracts -1K contracts.
• The net short position in the Japanese yen declined by 8,590 contracts to -58.3K contracts.
• The euro registered a covering of shorts in the tune of 6,635 contracts that brought the net position to -45.7K contracts.
• Mexican peso shorts were covered by 1,446 contracts to -63.2K contracts.
• Speculators recued their net shorts by 1,400 contracts in the British pound; thus bringing the net position to -61.8K contracts.

Longs increased:

• The Australian dollar longs were increased by 1,762 contracts, pushing the net position to +12K contracts.
• The Canadian dollar longs were increased by 953 contracts to +3.5K contracts.

Shorts increased:

• The Swiss franc is the only counter, where shorts increased by 3,496 contracts to -17.1K contracts.