Latest Commitment of Traders positions (FX) as at December 4th 2018

CFTC commitment of traders report was released on Monday (10th December) and cover positions up to Tuesday (4th November). 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 fifth consecutive week and by 3,148 contracts to -50.75K contracts.
• The short positions in the Swiss franc declined last week by 1,273 contracts to -19.8K contracts.

Short positions increased:

• The short positions in the euro rose for the 7th time in 8 weeks and by 5,705 contracts to -60.8K contracts.
• The short positions in the Canadian dollar rose for the 5th consecutive week, and by 4,306 contracts to -12.9K contracts.
• The short positions in the Japanese yen rose last week, and by 5,442 contracts to -109.8K contracts.
• The short positions in the New Zealand dollar rose for the 2nd consecutive week, and by 757 contracts to -21.3K contracts.
• The short positions in the British pound sterling rose last week by 600 contracts to -39.7K contracts.

Long positions decreased:

• The long positions in the Mexican Peso declined for the first time in 4 weeks and by 10,804 contracts to +4.5K contracts.