CFTC commitment of traders report was released on Friday (19th July) and cover positions up to Tuesday (16th July). The COT report is not a complete presenter of entire market positions since the future market is relatively smaller compared to the Spot FX market. Nevertheless, it presents a crucial picture of how key participants are looking at future moves.
Key highlights:
Market participants are net short in all currencies against the dollar except the Mexican peso and the Canadian dollar.
Short positions increased:
- The short positions in the British pound rose by 3,375 contracts to -76.4K contracts.
- The short positions in the Japanese yen rose by 7,729 contracts to -11.4K contracts.
- The short positions in the Swiss franc rose by 1,304 contracts to -11.7K contracts.
Long position decreased:
- The long positions in the Mexican Peso rose by 1,739 contracts to +128.1K contracts.
- Long positions in the Canadian dollar rose by 11,738 contracts to +21K contracts.
Short positions decreased:
- The short positions in the New Zealand dollar declined by 4,886 contracts to -17.3K contracts.
- The short positions in the Australian dollar declined by 1,431 contracts to -52.6K contracts.
- The short positions in the euro declined by 4,514 contracts to -31.3K contracts.