CFTC commitment of traders report was released on Friday (17th August) and cover positions up to Tuesday (14th August). 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.
Position shifted from long to short:
- Long positions in the euro declined for the third consecutive week and in such a way that the net positions shifted from long to short. Last week, net positions declined by 12,354 contracts to -1.8K contracts.
Short positions decreased:
- The short positions in the Japanese yen declined for the third consecutive week and by 4,439 contracts to -58.4K contracts.
- The short positions in the Australian dollar declined for the first time in four weeks and by 2,757 contracts to -51.8K contracts.
- The short positions in the Swiss franc declined last week and by 259 contracts to -45.8K contracts.
Short positions increased:
- The short positions in the British pound sterling rose for the fourth consecutive week and by 1,889 contracts to -60.7K contracts.
- Short positions in the New Zealand dollar rose for the second consecutive week and by 2,166 contracts to -26.7K contracts.
- The short positions in the Canadian dollar rose for the first time in Five weeks and by 1,300 contracts to -26.2K contracts.
Long positions decreased:
- The short positions in the Mexican Peso declined for the first time in three weeks and by 2,186 contracts to +31.1K contracts.