CFTC commitment of traders report was released on Friday (15th February) and cover positions up to Tuesday (22nd January). 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. Data delayed sue to U.S. govt. shutdown.
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 Japanese yen declined by 6.754 contracts to -39.7K contracts.
- The short positions in the Canadian dollar declined by 3,428 contracts to -56.1K contracts.
- The short positions in the Australian dollar rose by 1,906 contracts to -36.1K contracts.
- The short positions in the British pound sterling declined by 8,365 contracts to -52.1K contracts.
Short positions increased:
- The short positions in the New Zealand dollar rose by 1,649 contracts to -4.6K contracts.
- The short positions in the euro rose by 8,345 contracts to -41K contracts.
- The short positions in the Swiss franc rose by 1,108 contracts to -16.4K contracts.
Long position increased:
- The long positions in the Mexican Peso rose by 6,254 contracts to +63.5K contracts.