CFTC commitment of traders report was released on Friday (10th June) and cover positions up to Tuesday (7th June). COT report is not a complete presenter of entire market positions since the 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 short in all currencies against Dollar, except for Yen, Kiwi, and Loonie.
Shorts increased –
- British Pound saw the biggest increase in net short positions, where shorts were increased by 33,448 contracts to -66.3K contracts.
- Euro saw second biggest increase in net shorts, where they were increased by 29,458 contracts to -67.1K contracts.
- Australian Dollar net shorts rose by 11,050 contracts to -15.8K contracts.
- Swiss Franc shorts were increased by 9,774 contracts to -9.7K contracts.
- Speculators increased Mexican Peso shorts by 3,694 contracts to 59.3K contracts.
Longs decreased –
- Canadian Dollar longs decreased by 4,772 contracts to +21.5K contracts.
Longs increased –
- Japanese Yen saw the biggest increase in net longs, by 28,016 contracts to +42.8K contracts.
- New Zealand Dollar net longs were increased by 3,032 contracts to +8.5K contracts.
The material has been provided by InstaForex Company – www.instaforex.com