Latest Commitment of Traders positions (FX) as at October 16th 2018

CFTC commitment of traders report was released on Friday (19th October) and cover positions up to Tuesday (16th October). 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 Canadian dollar declined for the fourth consecutive week, and by 1,126 contracts to -11K contracts.
• The short positions in the Japanese yen declined by 14,580 contracts to -100.6K contracts.
• The short positions in the British pound sterling declined last week and by 10,154 contracts and by -50.3K contracts.
• The short positions in the Australian dollar declined last week by 1,793 contracts to -71.5K contracts.

Short positions increased:

• The short positions in Swiss franc rose for the first time in eight weeks, and by 3,721 contracts to -16.5K contracts.
• The short positions in the euro rose for the second consecutive week and by 13,202 contracts to -29.3K contracts.
• The short positions in the New Zealand dollar rose for a second consecutive week and by 1,592 contracts to -35.4K contracts.

Long positions decreased:

• The long positions in the Mexican Peso declined for the first time in six weeks and by 5,874 contracts to +68.6K contracts.