Latest Commitment of Traders positions (FX) as at November 14th 2017

CFTC commitment of traders report was released on Friday (17th November) and cover positions up to Tuesday (14th 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, British pound, and the Swiss franc.

Shorts increased:

• Short positions in the Swiss franc increased for a ninth consecutive week and by 2,873 contracts that pushed the net position to -28K contracts.
• Short positions in Japanese yen rose for a fourth straight week and by 8,151 contracts to -136K contracts.
• Short positions in the New Zealand dollar increased for a second consecutive week and by 704 contracts to -11.9K contracts.

Long positions increased:

• The long positions in the Mexican peso rose for the second consecutive week by 5,558 contracts that pushed the net position to +62.5K contracts.

Long positions decreased:

• Long positions in the Canadian dollar decreased for a fifth consecutive week and by 3,554 contracts which pushed the net position to +47.3K contracts.
• The long positions in the Australian dollar declined for a seventh consecutive week and by 1,405 contracts that pushed the net position to 44K contracts.
• The long positions in the euro declined last week by 869 contracts to +84.6K contracts.  

Short positions decreased:

• The short positions in the British pound declined last week by 4,665 contracts to -4.5K contracts.