Latest Commitment of Traders positions (FX) as at August 29th 2017

CFTC commitment of traders report was released on Friday (1st September) and cover positions up to Tuesday (29th 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 sixth consecutive week and by 5,562 contracts that pushed the net position to -68.5K contracts.
• Short positions in the Swiss franc decreased last week and by 209 contracts that pushed the net position to -1.8K contracts.

Shorts increased:

• British pound short positions increased for a third consecutive week and by 5,655 contracts to -51.6K contracts.

Long positions increased:

• The Australian dollar registered the biggest increase in the long positions among peers last week as long positions got increased by 6,043 contracts to +66.5K contracts. Long positions increased for a third consecutive week.
• The long position in the Canadian dollar increased last week and by 2,068 contracts, which pushed the net position to +53.2K contracts.

Long positions decreased:

• The long positions in the New Zealand dollar decreased last week for a fourth consecutive week and by 3,078 contracts, which pushed the net position to +18.8K contracts.
• The long positions in the euro declined last week and by 1,457 contracts to +86.5K contracts.  
• The long positions in the Mexican peso decreased last week and by 608 contracts, which pushed the net position to +97K contracts.