CFTC commitment of traders report was released on Friday (15th April) and cover positions up to Tuesday (12th April). 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.
Key highlights –
Market participants are net long in all currencies against Dollar, except for Euro, Pound and Mexican Peso.
Shorts increased –
- Mexican Peso saw biggest increase in net shorts by 14713 contracts to net -46.6K contracts.
- Sterling shorts were increased by 4804 contracts to -51.3K contracts.
Shorts covered –
- Euro saw biggest short covering, where net short positions were reduced by 1436 contracts to -52.05K contracts.
Longs increased –
- Australian Dollar saw biggest increase in net longs by 8277 contracts to +35.1K contracts.
- Japanese Yen saw second biggest increase in net long position by 6117 contracts to + 66.2K contracts.
- Swiss franc net longs were increased by 2589 contracts to +8.24K contracts.
- Canadian Dollar net longs were increased by 2288 contracts to +26.6K contracts.
- New Zealand Dollar net longs were increased by 1389 contracts to +4.3K contracts.
The material has been provided by InstaForex Company – www.instaforex.com