Latest Commitment of Traders positions (FX) as at August 22nd 2017

CFTC commitment of traders report was released on Friday (25th August) and cover positions up to Tuesday (22nd 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 fifth consecutive week and by 3,406 contracts that pushed the net position to -74.1K contracts.

Shorts increased:

• British pound short positions increased last week and by 14,040 contracts to -45.9K contracts. This was a second consecutive weekly increase.
• Short positions in the Swiss franc increased last week and 806 contracts that pushed the net position to -2K contracts.

Long positions increased:

• The euro registered the biggest increase in the long positions among peers last week as long positions got increased by 8,709 contracts to +88K contracts.
• The long positions in the Mexican peso increased last week and by 2,769 contracts, which pushed the net position to +97.6K contracts.
• The long position in the Australian dollar increased last week and by 872 contracts, which pushed the net position to +60.5 contracts.

Long positions decreased:

• The long positions in the New Zealand dollar decreased last week for a third consecutive week and by 2,957 contracts, which pushed the net position to +21.9K contracts.
• The long positions in the Canadian dollar decreased for a second consecutive week and by 250 contracts, which pushed the net position to +51K contracts.