Latest Commitment of Traders positions (FX) as at June 19th 2018

CFTC commitment of traders report was released on Friday (22nd June) and cover positions up to Tuesday (19th June). 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 short in all currencies against the dollar except the euro.

Long positions decreased:

• The long positions in the euro declined for a ninth consecutive week and by 52,107 contracts to +36.1K contracts.

Short positions decreased:

• The short position in the Canadian dollar declined for the second consecutive week and by 974 contracts to -14K contracts.
• The short positions in the Mexican peso declined last week by 10,435 contracts to -11.3K contracts.
• The short positions in the Swiss franc declined for the third consecutive week and by 5,288 contracts to -32K contracts.

Short positions increased:

• The short positions in the Australian dollar declined last week by 27,864 contracts to -43.1K contracts.

Position shifted from long to short:

• The net position in the British pound reverted from positive to negative last week. The net short positions rose by 30,175 contracts to a net position of -19.2K contracts.
• The net position in the Japanese yen reverted from positive to negative last week. The net short positions rose by 40,614 contracts to a net position of -35.6K contracts.
• The net position in the New Zealand dollar reverted from positive to negative last week. The net short positions rose by 22,946 contracts to a net position of -15.9K contracts