Latest Commitment of Traders positions (FX) as at April 24th 2018

CFTC commitment of traders report was released on Friday (27th April) and cover positions up to Tuesday (24th 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 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, Canadian dollar, and the Swiss franc.

Long positions decreased:

• The long positions in the Japanese yen declined for a third consecutive week and by 2,008 contracts to +0.6K contracts.
• The long positions in the Mexican Peso declined for a second consecutive week by 13,058 contracts last week to +88.8K contracts.
• The long positions in the British pound sterling declined for the first time in seven weeks and by 10,337 contracts +37.4K contracts.
• The long positions in the euro declined last week and by 20,882 contracts to +130.6K contracts.
• The long positions in the New Zealand dollar declined last week by 3,169 contracts to +24.4K contracts.

Short position decreased:

• The short position in the Canadian dollar declined for a third consecutive week and by 5,180 contracts to -25.1K contracts.
• The short positions in the Swiss Franc declined for a second consecutive week and by 296 contracts to -10.2K contracts.
• The short positions in the Australian dollar declined last week by 6,759 contracts that pushed the net position to -3.4K contracts.