Latest Commitment of Traders positions (FX) as of October 4th, 2016

CFTC commitment of traders report was released on Friday (7th October) and cover positions up to Tuesday (4th 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 sterling registered the biggest increase in net short positions among its peers this week. The net-short positions increased by 9,858 contracts to -97.6K contracts.
• Euro shorts were increased by 6,029 contracts to -82.1K 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 Swiss franc registered the biggest decrease in the net short positions and by 3,020 contracts to -2.9Kcontracts.

Longs increased:

• The Australian dollar is the only counter where longs increased and by 8,930 contracts to +23.9K contracts.

Longs decreased:

• The Japanese yen longs were decreased marginally by 197 contracts to 68.7K contracts.