Latest Commitment of Traders positions (FX) as at December 12th 2017

CFTC commitment of traders report was released on Friday (15th December) and cover positions up to Tuesday (12th November).  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 a crucial picture of how key participants are looking at future moves.

Key highlights:

Market participants are net long in all currencies against the dollar except the Japanese yen, New Zealand dollar, and the Swiss franc.

Shorts increased:

• Short positions in the New Zealand dollar increased last week and by 535 contracts that pushed the net position to -13.4K contracts.

Long positions increased:

• The long positions in the Australian dollar rose for the second consecutive week by 392 contracts to +40.7K contracts.
• Long positions in the British pound increased for a second straight week by 4,982 to 11.4K contracts.
• Long positions in the euro increased for a second consecutive week by 20,783 contracts to +113.9K contracts.

Long positions decreased:

• The long positions in the Canadian dollar declined for a second consecutive week and by 506 contracts that pushed the net position to +42K contracts.
• The long positions in the Mexican peso declined last week by 10,347 contracts that pushed the net position to +86.2K contracts.

Short positions decreased:

• Short positions in Swiss franc declined for the second consecutive week and by 802 contracts to -28.8K contracts.
• Short positions in the Japanese yen declined last week and by 144 contracts to -114.1K contracts.