CFTC commitment of traders report was released on Friday (16th February) and cover positions up to Tuesday (13th February). 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.
Long positions increased:
- Long positions in the Mexican peso rose for a fifth consecutive week and by 3,923 contracts to +96.8K contracts.
Short positions decreased:
- Short positions in the Swiss franc declined for a second straight week and by 316 contracts that pushed the net position to -19.9K contracts.
Long positions decreased:
- The long positions in the euro declined for a second consecutive week and by 13,534 contracts to +127.3K contracts.
- The long positions in the British pound declined for a third consecutive week by 12,927 contracts to +14.9K contracts.
- The long positions in the New Zealand dollar declined for a second straight week and by 1,112 contracts to +2.2K contracts.
- The long positions in the Australian dollar declined last week by 4,667 contracts to +9.1K contracts.
- Long positions in the Canadian dollar declined last week and by 7,635 contracts to +32.5K contracts.
Short positions increased:
- Short positions in the yen rose last week by 2,633 contracts that pushed the net positions to -115.5K contracts.