CFTC commitment of traders report was released on Friday (27th May) and cover positions up to Tuesday (24th 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 –
- Euro saw biggest increase in net shorts, where they were increased by 15,308 contracts to -37.9K contracts.
- Mexican Peso saw increase in net short positions, where shorts were increased in tune of 1,769 contracts to -47.5K contracts.
Shorts covered –
- British pound saw biggest short covering in tune of 5,587 contracts, bringing net position to -32.8K contracts.
Longs decreased –
- Japanese Yen suffered biggest covering in net longs, where net longs were reduced by 36,860 contracts to +22K contracts.
- Australian Dollar saw once again, big net long bookings of 24,769 contracts, bringing net position to +124 contracts.
- Canadian Dollar saw third biggest long bookings, where longs were reduced by 2,659 contracts to +20K contracts.
- Swiss Franc longs were reduced marginally by 193 contracts to +3.95K contracts.
- New Zealand Dollar longs were reduced by 2,112 contracts to +4.6K contracts.
The material has been provided by InstaForex Company – www.instaforex.com