Latest Commitment of Traders positions (FX) as at April 3rd 2018

CFTC commitment of traders report was released on Friday (6th April) and cover positions up to Tuesday (3rd 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 second straight week and by 9,293 contracts to +99.1K contracts.
• The long positions in the British pound sterling rose for a fourth consecutive week and by 6,162 contracts +40.3K contracts.

Long positions decreased:

• The long positions in the euro declined last week and by 6,683 contracts to +134.4K contracts.

Short positions increased:

• The short positions in the Swiss franc rose for a third consecutive week and by 466 contracts to -9.9K contracts.
• The short positions in the Canadian dollar rose last week by 4,822 contracts that pushed the net position to -31.9K contracts.
• The long positions in the New Zealand dollar rose last week by 138 contracts to 18.4K contracts.

Position shifted from short to long:

• The short positions declined in such a fashion by 7,240 contracts that the net position in the Japanese yen shifted from short to long to +3.6K contracts.

Position shifted from short to long:

• The long positions declined in such a fashion by 8,149 contracts that the net position in the Australian dollar shifted from long to short to -75 contracts