Latest Commitment of Traders positions (FX) as at December 5th 2017

CFTC commitment of traders report was released on Friday (8th December) and cover positions up to Tuesday (5th 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 and the Swiss franc.

Shorts increased:

• Short positions in the Japanese yen increased last week and by 3,627 contracts that pushed the net position to -114.3K contracts.

Long positions increased:

• The long positions in the Mexican peso rose for the fifth consecutive week by 6,957 contracts that pushed the net position to +96.5K contracts.
• The long positions in the Australian dollar rose for the first time in ten weeks by 1,446 contracts to +40.3K contracts.
• Long positions in the British pound increased last week by 1,833 to 6.4K contracts.
• Long positions in the euro increased last week by 3,425 contracts to +93.1K contracts.

Long positions decreased:

• The long positions in the Canadian dollar declined last week and by 3,192 contracts that pushed the net position to +42.5K contracts.

Short positions decreased:

• Short positions in Swiss franc declined for the first time in twelve weeks and by 617 contracts to -29.6K contracts.
• Short positions in the New Zealand dollar declined last week and by 1,129 contracts to -12.9K contracts.