Latest Commitment of Traders positions (FX) as at December 11th 2018

CFTC commitment of traders report was released on Friday (14th December) and cover positions up to Tuesday (11th December). COT report is not a complete presenter of entire market positions since the future market is relatively smaller compared to the Spot FX market. Nevertheless, it presents a crucial picture of how key participants are looking at future moves.

Key highlights:

Market participants are net short in all currencies against the dollar except the Mexican peso.

Short positions decreased:

• The short positions in the Australian dollar declined for the sixth consecutive week and by 5,224 contracts to -45.5K contracts.
• The short positions in the Swiss franc declined for the second consecutive week, and by 1,528 contracts to -18.3K contracts.
• The short positions in the euro declined for the 2nd time in 9 weeks and by 4,489 contracts to -56.3 K contracts.
• The short positions in the New Zealand dollar declined last week and by 6,056 contracts to -15.2K contracts.
• The short positions in the Japanese yen declined last week, and by 12,160 contracts -97.6K contracts.
• The short positions in the Canadian dollar declined for the 1st time in 6 weeks, and by -11.7K contracts.

Short positions increased:

• The short positions in the British pound sterling rose for the second consecutive week, and by 2,669 contracts to -42.4K contracts.

Long positions increased:

• The long positions in the Mexican Peso rose for the 4th time in five weeks and by 6,919 contracts to +11.4K contracts.