Latest Commitment of Traders positions (FX) as at August 8th 2017

CFTC commitment of traders report was released on Friday (11th August) and cover positions up to Tuesday (8th 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 third consecutive week and by 16,383 contracts that pushed the net position to -95.8K contracts.
• The short positions in the British pound decreased for the first time in three weeks and by 4,292 contracts that pushed the net position to -25.2K contracts.

Shorts increased:

Long positions increased:

• The Canadian dollar registered the biggest increase in the long positions among peers last week as long positions got increased by 22,183 contracts to +62.8K contracts. Long positions increased for a fourth consecutive week.
• The long positions in the euro increased last week by 11,048 contracts that pushed the net position to +93.7K contracts.

Long positions decreased:

• The long positions in Australian dollar decreased for the first time in seven weeks and by 2,703 contracts, which pushed the net position to +58K contracts.
• The long positions in the New Zealand dollar decreased last week and by 1,453 contracts, which pushed the net position to +33.5K contracts.
• The long positions in the Mexican peso decreased for the first time in seven weeks and by 7,112 contracts, which pushed the net position to +106.4K contracts.

Position shifted from long to short:

• The long positions in the Swiss franc declined in such a fashion that the net position turned from positive to negative. Last week, net long positions decreased by 2,842 contracts that pushed the net position to -1.4K contracts.