Latest Commitment of Traders positions (FX) as of November 8th, 2016

CFTC commitment of traders report was released on Monday (14th November) and cover positions up to Tuesday (8th November). 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 Japanese yen, and the Australian dollar.

Shorts increased:

• The pound registered the biggest increase in net short positions among its peers last week. The net-short positions increased by 6,884 contracts to -89.8K contracts.
• The Canadian dollar registered increase in net short positions by 5,352 contracts to -21.3K contracts.
• The Swiss franc shorts were increased by 3,321 contracts to -23.3K contracts.

Shorts decreased:

• The euro registered a decrease in the net short positions, the biggest among peers last week and by 8,071 contracts to -129.3K contracts.
• The Mexican peso saw its short positions covered by 3,476 contracts to -33K contracts.

Longs increased:

• The Australian dollar is the only counter where net longs rose and by 241 contracts to +41.1K contracts.

Longs decreased:

• The Japanese yen saw sharp decrease in the net long positions and by 11,204 contracts to +32K contracts.

Position flipped from short to long:

• The New Zealand dollar registered an increase in the net long positions in such a way that the net positions flipped from short to long. The net longs increased by 3,470 contracts to +2.5K contracts.