Latest Commitment of Traders positions (FX) as at March 13th 2018

CFTC commitment of traders report was released on Friday (16th March) and cover positions up to Tuesday (13th March). 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, the Australian dollar, the New Zealand dollar, and the Swiss franc.

Short positions decreased:

• Short positions in the yen declined for a fourth consecutive week by 7,306 contracts that pushed the net positions to -79.5K contracts.
• Short positions in the Swiss Franc declined for a second straight week and by 1,905 contracts to -6.5K contracts.

Long positions decreased:

• Long positions in the Canadian dollar declined for the fifth consecutive week and by 145 contracts to +19.4K contracts.

Position shifted from long to short:

• The long positions decreased in such a fashion that the net position in New Zealand dollar turned from long to short. Last week net longs decreased by 2,846 contracts that led to a net position of -2.8K contracts.
• The long positions decreased in such a fashion that the net position in Australian dollar turned from long to short. Last week net longs decreased by 3,914 contracts that led to a net position of -0.8K contracts.

Long positions decreased:

• The long positions in the Mexican Peso rose last week and by 3,645 contracts to +86.9K contracts.
• Long positions in the euro rose last week and by 13,408 contracts to +146.4K contracts.
• The long positions in the British pound sterling rose last week and by 2,763 contracts to +8K contracts.