 as at August 7th 2018 - EconoTimes)
CFTC commitment of traders report was released on Friday (10th August) and cover positions up to Tuesday (7th 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 euro and the Mexican peso.
Long positions decreased:
- Long positions in the euro declined for the second consecutive week and by 12,260 contracts to +10.6K contracts.
Short positions decreased:
- The short position in the Canadian dollar declined for the fourth consecutive week and by 6,671 contracts to -24.9K contracts.
- The short positions in the Japanese yen declined for the second consecutive week and by 5,650 contracts to -62.8K contracts.
Short positions increased:
- The short positions in the British pound sterling rose for the third consecutive week and by 11,466 contracts to -58.8K contracts.
- The short positions in the Australian dollar rose for the third consecutive week and by 3,064 contracts to -54.5K contracts.
- Short positions in the New Zealand dollar rose for the first time in four weeks and by 847 contracts to -24.5K contracts.
- The short positions in the Swiss franc rose last week and by 1,686 contracts to -46.1K contracts.
Long positions increased:
- Long positions in the Mexican peso rose for the second consecutive week, and by 6,745 contracts to +33.3K contracts
