CFTC commitment of traders report was released on Tuesday (19th February) and cover positions up to Tuesday (29th 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 due to U.S. govt. shutdown.
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 by 6,322 contracts to -33.3K contracts.
- The short positions in the Australian dollar declined by 3,951 contracts to -32.1K contracts.
- The short positions in the British pound sterling declined sharply by 16,915 contracts to -35.2K contracts.
- The short positions in the New Zealand dollar declined by 1,773 contracts to -2.8K contracts
Short positions increased:
- The short positions in the euro rose by 5,468 contracts to -46.5K contracts.
- The short positions in the Swiss franc rose by 1,678 contracts to -18.1K contracts.
- The short positions in the Canadian dollar rose marginally by 294 contracts to -56.4K contracts
Long position increased:
- The long positions in the Mexican Peso rose by 5,924 contracts to +69.4K contracts.