CFTC commitment of traders report was released on Friday (7th June) and cover positions up to Tuesday (4th June). 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.
Short positions increased:
- The short positions in the British pound sterling rose by 15,766 contracts to -47.8K contracts.
- The short positions in the New Zealand dollar rose sharply by 4,248 contracts to -20.4K contracts.
- The short positions in the Swiss franc rose by 1,390 contracts to -36K contracts.
- The short positions in the Canadian dollar rose last week by 2,336 contracts to -41.8K contracts.
Long position decreased:
- The long positions in the Mexican Peso declined by 18,238 contracts to +124.2K contracts.
Short positions decreased:
- The short positions in the euro declined by 12,140 contracts to -87.5K contracts.
- The short positions in the Australian dollar declined by 3,102 contracts to -63.3K contracts.
- The short positions in the Japanese yen declined by 11,188 contracts to -44.4K contracts.