CFTC commitment of traders report was released on Friday (20th May) and cover positions up to Tuesday (17th 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 –

  • Sterling saw biggest net increase in short position by 3,487 contracts to -38.4K contracts.
  • Euro shorts were increased marginally by 715 contracts to -22.6K contracts.
  • Mexican Peso saw marginal increase in short positions, where shorts were increased in tune of 471 contracts to -45.7K contracts.

Longs decreased –

  • Australian Dollar saw once again, biggest net long bookings of 13,265 contracts, bringing net position to +24.9K contracts.
  • Canadian Dollar saw second biggest long bookings, where longs were reduced by 3,168 contracts to +22.7K contracts.
  • Swiss Franc longs were reduced by 2,770 contracts to +4.1K contracts.
  • New Zealand Dollar longs were reduced by 2,664 contracts to +6.7K contracts.
  • Japanese Yen longs were reduced marginally by 128 contracts to +58.9K contracts.

The material has been provided by InstaForex Company –