CFTC commitment of traders report was released on Friday (13th May) and cover positions up to Tuesday (10th May). 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 sharp increase in short positions, where shorts were increased in tune of 32,800 contracts to -45.2K contracts.
Shorts covered –
- Sterling saw biggest short covering in tune of 5,473 contracts, bringing net position to -34.9K contracts.
- Euro saw net short covering, where net short positions were reduced by 1,747 contracts to -21.9K contracts.
Longs increased –
- Canadian Dollar saw biggest increase in net long position in tune of 6,931 contracts to +25.9K contacts.
- New Zealand Dollar net longs were increased marginally by 152 contracts to +9.3K contracts.
- Swiss Franc net longs were also increased only marginally by 88 contracts to +6.91K contracts.
Longs decreased –
- Australian Dollar saw biggest net long bookings of 14,237 contracts, bringing net position to +38.2K contracts.
- Japanese Yen saw second biggest long bookings, where longs were reduced by 2,474 contracts to +59K contracts.
The material has been provided by InstaForex Company – www.instaforex.com