CFTC commitment of traders report was released on Friday (22nd April) and cover positions up to Tuesday (19th 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 –
- Sterling is the only counter, where shorts were increased by 3842 contracts to -55.15K contracts.
Shorts covered –
- Mexican Peso saw biggest short covering in tune of 32,182 contracts, bringing net position to -14.4K contracts.
- Euro saw second biggest short covering, where net short positions were reduced by 5134 contracts to -46.9K contracts.
Longs increased –
- Australian Dollar saw biggest increase in net longs by 8984 contracts to +44.1K contracts.
- Japanese Yen saw second biggest increase in net long position by 5680 contracts to + 71.9K contracts.
- Swiss franc net longs were increased by 1172 contracts to +9.41K contracts.
- Canadian Dollar net longs were increased by 4923 contracts to +7.3K contracts.
- New Zealand Dollar net longs were increased by 1059 contracts to +5.35K contracts.
The material has been provided by InstaForex Company – www.instaforex.com