Latest Commitment of Traders positions (FX) as at October 17th 2017

CFTC commitment of traders report was released on Friday (20th October) and cover positions up to Tuesday (17th October). 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 crucial picture on 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 and the Swiss franc.

Shorts increased:

• Short positions in the Swiss franc increased for a fifth consecutive week and by 669 contracts that pushed the net position to -4.9K contracts.

Shorts decreased:

• Short positions in Japanese yen declined only marginally last week by 133 contracts to -101.3K contracts.

Long positions increased:

• The long position in the New Zealand dollar increased last week and by 1,248 contracts, which pushed the net position to +7K contracts.

Long positions decreased:

• The long positions in the Mexican peso declined for a second consecutive week by 11,682 contracts that pushed the net position to +71.1K contracts.
• The long position in the British pound declined for a second consecutive week by 10,461 contracts that pushed the net position to +5K contracts.
• Long positions in the Canadian dollar decreased last week and by 1,306 contracts which pushed the net position to +75.1K contracts.
• Long positions in the euro decreased last week by 7,627 contracts to +90.4K contracts.
• The long positions in the Australian dollar declined for a third consecutive week and by 7,382 contracts that pushed the net position to 61.8K contracts.

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