Latest Commitment of Traders positions (FX) as of September 13th, 2016

CFTC commitment of traders report was released on Friday (16th September) and cover positions up to Tuesday (13th September). 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 long in all currencies against Dollar, except for the Mexican peso, euro, and the pound.

Shorts increased:

• The Mexican peso registered the biggest increase in net short positions among its peers. The net-short positions increased by 7,348 contracts to -65.7K contracts.

Shorts decreased:

• Speculators decreased their euro shorts by 11,155 contracts to -81.5K contracts.
• The British pound saw short covering of 7,148 contracts, which brought the net short positions to -82.8K contracts.

Longs increased:

• The Japanese yen is the only currency to register an increase in the net-long positions this week and it increased by 2,357 contracts to +56.8K contracts.

Longs decreased:

• The Canadian dollar registered the biggest decrease in the net long positions this week among its peers. The net longs reduced by 3,847 contracts to +17.1K contracts.
• The Swiss franc longs were reduced marginally by 103 contracts to +1.3K contracts.
• The Australian dollar longs were decreased by 2,492 contracts to +36.5K contracts.
• The New Zealand dollar registered a decrease in the net long position and by 999 contracts to +5.1K contracts.