Latest Commitment of Traders positions (FX) as at August 21st 2018

CFTC commitment of traders report was released on Friday (24th August) and cover positions up to Tuesday (21st August). 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 Japanese yen declined for the fourth consecutive week and by 10,962 contracts to -47.4K contracts.
• The short positions in the Australian dollar declined for the second consecutive week and by 1,576 contracts to -50.2K contracts.
• Short positions in the New Zealand dollar declined for the first time in four weeks and by 1,550 contracts to -25.1K contracts

Short positions increased:

• The short positions in the British pound sterling rose for the fifth consecutive week and by 11,597 contracts to -72.3K contracts.
• The short positions in the Canadian dollar rose for the second consecutive week and by 823 contracts to -27K contracts.
• The short positions in the Swiss franc rose last week and by 1,369 contracts to -47.2K contracts.
• The short positions in the euro rose for the second straight week and by 3,052 contracts to 4.8K contracts.

Long positions decreased:

• The short positions in the Mexican Peso declined for the second consecutive week and by 5,404 contracts to +25.7K contracts.