Latest Commitment of Traders positions (FX) as at August 15th 2017

CFTC commitment of traders report was released on Friday (18th August) and cover positions up to Tuesday (15th August). 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 on how key participants are looking at future moves.

Key highlights:

Market participants are net long in all currencies against the dollar except the British pound, Japanese yen, and the Swiss franc.

Shorts decreased:

• Short positions in the Japanese yen declined for a fourth consecutive week and by 18,321 contracts that pushed the net position to -77.5K contracts.
• The short positions in the Swiss franc decreased last week and by 221 contracts that pushed the net position to -1.2K contracts.

Shorts increased:

• The British pound was the only counter where short positions increased last week and by 6,700 contracts to -31.9K contracts.

Long positions increased:

• The Australian dollar registered the biggest and only increase in the long positions among peers last week as long positions got increased by 1,602 contracts to +59.6K contracts.

Long positions decreased:

• The long positions in the euro decreased last week and by 14,418 contracts, which pushed the net position to +79.3K contracts.
• The long positions in the Canadian dollar decreased last week and by 11,472 contracts, which pushed the net position to +51.3K contracts.
• The long positions in the Mexican peso decreased for a second consecutive week and by 11,588 contracts, which pushed the net position to +94.8K contracts.
• The long position in the New Zealand dollar decreased for a second consecutive week and by 8,646 contracts, which pushed the net position to +24.8K contracts.