Latest Commitment of Traders positions (FX) as at April 10th 2018

CFTC commitment of traders report was released on Friday (13th April) and cover positions up to Tuesday (10th April). 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 a crucial picture of how key participants are looking at future moves.

Key highlights:

Market participants are net long in all currencies against the dollar except the Australian dollar and the Swiss franc.

Long positions increased:

• Long positions in the Mexican Peso rose for a third straight week and by 3,138 contracts to +102.2K contracts.
• The long positions in the British pound sterling rose for a fifth consecutive week and by 2,678 contracts +43K contracts.
• The long positions in the euro rose last week and by 13,082 contracts to +147.5K contracts.
• The long positions in the New Zealand dollar rose last week by 4,450 contracts to 22.8K contracts.

Long positions decreased:

• The long positions in the Japanese yen declined last week and by 811 contracts to +2.8K contracts.

Short positions increased:

• The short positions in the Swiss franc rose for a fourth consecutive week and by 833 contracts to -10.7K contracts.
• The short positions in the Australian dollar rose last week by 2,721 contracts that pushed the net position to -2.8K contracts.

Short position decreased:

• The short position in the Canadian dollar declined by 200 contracts to -31.7K contracts.