Latest Commitment of Traders positions (FX) as of September 20th, 2016

CFTC commitment of traders report was released on Friday (23rd September) and cover positions up to Tuesday (20th 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, New Zealand dollar, 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 23,595 contracts to -89.3K contracts.
• The euro shorts increased by 3,550 contracts to -85K contracts.

Shorts decreased:

• The British pound saw very large short covering, in tune of 24,135 contracts, which brought the net short positions to -58.7K contracts.

Longs increased:

• The Swiss franc saw its net long position go up by the most among its peers, where the net longs rose by 7,065 contracts to +58.8K contracts.
• The Japanese yen registered an increase in the net-long positions this week and it increased by 1,939 contracts to +56.8K contracts.

Longs decreased:

• The Australian dollar suffered the biggest decrease in the net long positions this week among its peers. The net longs reduced by 29,619 contracts to +6.8K contracts.
• The Canadian dollar shorts decreased marginally, by just 755 contracts to +16.3K contracts,

Position shifted from long to short:

• The New Zealand dollar shorts increased by 13,045 contracts and thus shifting the net position from long to short.  The net short position currently stands at -7.9K contracts.