Latest Commitment of Traders positions (FX) as at January 15th 2019

CFTC commitment of traders report was released on Tuesday (12th February) and cover positions up to Tuesday (15th January).  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. Data delayed sue to U.S. govt. shutdown.

Key highlights:

Market participants are net short in all currencies against the dollar except the Mexican peso and New Zealand dollar.

Short positions decreased:

• The short positions in the Swiss franc declined by 7,892 contracts to -15.3K contracts.
• The short positions in the euro declined by 7,872 contracts to -32.7K contracts.
• The short positions in the Japanese yen declined sharply by 14,893 contracts to -46.4K contracts.
• The short positions in the Canadian dollar declined by 6,478 contracts to -59.5K contracts

Short positions increased:

• The short positions in the Australian dollar rose for the 2nd time in 11 weeks and by 194 contracts that pushed the net position to -38K contracts.
• The short positions in the British pound sterling rose by 384 contracts to -60.5K contracts.
• The short positions in the New Zealand dollar rose by 1,402 contracts to -2.9K contracts.

Long position increased:

• The long positions in the Mexican Peso rose sharply by 26,283 contracts to +57.3K contracts.

Position shifted from long to short:

• The long positions in the New Zealand dollar declined by 3,500 contracts to -1.5K contracts.