Latest Commitment of Traders positions (FX) as of October 11th, 2016

CFTC commitment of traders report was released on Friday (14th October) and cover positions up to Tuesday (11th October). 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 euro registered the biggest increase in net short positions among its peers last week. The net-short positions increased by 11,413 contracts to -93.5K contracts.
• The Swiss franc shorts were increased by 6,472 contracts to -9.4K contracts.
• The Canadian dollar shorts were increased by 2,462 contracts to -14.1K contracts.
• New Zealand dollar shorts were increased by 1,037 contracts to -7.8K contracts.
• Mexican Peso shorts were increased nominally by 19 contracts to -85.9K contracts.

Shorts decreased:

• The Mexican peso registered the biggest decrease in the net short positions and by 34,100 contracts to -51.8K contracts.
• The net shorts in the Canadian dollar declined by 2,373 contracts to -11.7K contracts.
• The net shorts in British pound declined by 2,102 contracts to -95.5K contracts.
• The New Zealand dollar shorts declined marginally by 94 contracts to -7.7K contracts.

Longs increased:

• The Australian dollar is the only counter where longs increased and by 2,166 contracts to +26.1K contracts.

Longs decreased:

• The Japanese yen suffered the biggest decrease in longs among its peers last week and the net longs were decreased sharply by 22,786 contracts to 45.9K contracts.