CFTC commitment of traders report was released on Friday (17th May) and cover positions up to Tuesday (14th May). 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 Swiss franc rose by 431 contracts to -40K contracts.
- The short positions rose by 1,473 contracts to -47.6K contracts.
- The short positions in the Australian dollar rose by 1,956 contracts to-57K contracts.
Long position decreased:
- The long positions in the Mexican Peso rose by 3,518 contracts to +148.2K contracts.
Short positions decreased:
- The short positions in the New Zealand dollar declined by 1,304 contracts to -11.4K contracts.
- The short positions in the Japanese yen declined by 30,137 contracts to -61.6K contracts.
- The short positions in the euro declined by 10,804 contracts to -95.3K contracts.
- The short positions in the pound declined by 3,561 contracts to -3.3K contracts.