Latest Commitment of Traders positions (FX) as at November 6th 2018

CFTC commitment of traders report was released on Friday (9th November) and cover positions up to Tuesday (6th November). 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.

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 for the fourth consecutive week, and by 2,498 contracts to -89.1K contracts.
• The short positions in the New Zealand dollar declined last week by 9,305 contracts to -25.7K contracts.
• The short positions in the Australian dollar declined last week by 3,967 contracts to -66.4K contracts.

Short positions increased:

• The short positions in the euro rose for the fifth consecutive week and by 14,181 contracts to -46.8K contracts.
• The short positions in the British pound sterling rose for the second consecutive week, and by 4,317 contracts to -56.8K contracts.
• The short positions in the Swiss franc rose last week by 5,426 contracts to -19.9K contracts.

Long positions decreased:

• The long positions in the Mexican Peso declined for the fourth consecutive week and by 26,773 contracts to +7K contracts.