 as at August 28th 2018 - EconoTimes)
CFTC commitment of traders report was released on Friday (31st August) and cover positions up to Tuesday (28th 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 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 fifth consecutive week and by 1,365 contracts to -46K contracts.
- The short positions in the Australian dollar declined for the third consecutive week and by 5,574 contracts to -44.6K contracts.
- Short positions in the New Zealand dollar declined for the second consecutive week and by 1,216 contracts to -23.9K contracts.
- The short positions in the Canadian dollar declined last week by 2,232 contracts to -24.8K contracts.
- The short positions in the Swiss franc declined last week by 2,474 contracts to -44.7K contracts.
Short positions increased:
- The short positions in the British pound sterling rose for the sixth consecutive week and by 4,590 contracts to -76.9K contracts.
- The short positions in the euro rose for the third straight week and by 2,378 contracts to -7.2K contracts.
Long positions decreased:
- The short positions in the Mexican Peso declined for the third consecutive week and by 6,333 contracts to +19.3K contracts.
