CFTC commitment of traders report was released on Friday (20th April) and cover positions up to Tuesday (17th April). 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 a crucial picture of how key participants are looking at future moves.
Key highlights:
Market participants are net long in all currencies against the dollar except the Australian dollar and the Swiss franc.
Long positions increased:
- The long positions in the British pound sterling rose for a sixth consecutive week and by 4,676 contracts +47.7K contracts.
- The long positions in the euro rose for a second consecutive week and by 4,013 contracts to +151.5K contracts.
- The long positions in the New Zealand dollar rose for a second consecutive week by 4,776 contracts to 27.6K contracts.
Long positions decreased:
- The long positions in the Japanese yen declined for a second consecutive week and by 170 contracts to +2.6K contracts.
- The long positions in the Mexican Peso declined by 377 contracts last week to +101.8K contracts.
Short positions increased:
- The short positions in the Australian dollar rose for a second consecutive week by 7,359 contracts that pushed the net position to -10.1K contracts.
Short position decreased:
- The short position in the Canadian dollar declined for a second consecutive week and by 1,348 contracts to -30.3K contracts.
- The short positions in the Swiss Franc declined by 223 contracts to -10.5K contracts.