CFTC COT report review

CFTC commitment of traders report was released on Friday (14th August) and cover positions up to Tuesday (11th August). COT report is not a complete presenter of entire market positions, since future market is relatively smaller compared to Spot FX market. Nevertheless, it presents crucial picture on how key participants are looking at future moves.

Kindly note figures are rounded to next decimal.

Key highlights:

Market participants are net short on all currencies against dollar.

Participants increased net long position in US dollar by $3.98 billion to $40.05 billion.

Shorts increased:

• Largest short addition was registered in Yen by $2.5 billion to -$0.89 billion.
• Franc registered second largest short addition by $0.7 billion to -$0.89 billion.
• Euro registered third largest short increase by $0.48 billion to -$15.9 billion.
• Pound shorts were increased by $0.37 billion to -$1 billion.
• Canadian Dollar shorts were increased by $0.27 billion to -$5.14 billion.
• Australian Dollar shorts were increased by $0.01 billion to -$3.74 billion.

Shorts covered:

• Mexican Peso registered largest short covering by $0.35 billion to -$2.16 billion.
• New Zealand Dollar shorts were covered by $87 million to -$0.69 billion.