Latest Commitment of Traders positions (FX) as at December 18th 2018

CFTC commitment of traders report was released on Friday (21st December) and cover positions up to Tuesday (18th December). 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 New Zealand dollar.

Short positions decreased:

• The short positions in the Australian dollar declined for the seventh consecutive week and by 10,462 contracts to -35.1K contracts.
• The short positions in the euro declined for the 3rd time in 10 weeks and by 3,163 contracts to -53.1K contracts.
• The short positions in the Canadian dollar declined for the 2nd consecutive week and for the 2nd time in 7 weeks, and by 4,212 contracts to -7.5K contracts.

Short positions increased:

• The short positions in the British pound sterling rose for the third consecutive week, and by 18,304 contracts to -60.7K contracts.
• The short positions in the Swiss franc rose last week and by 4,659 contracts to -22.9K contracts.
• The short positions in the Japanese yen rose last week by 5,165 contracts to -102.8K contracts.

Net position shifted from long to short:

• The long positions in the Mexican Peso declined in such a fashion by 12,211 contracts that the net position shifted from long to short, and currently stands at -0.8K contracts.

Net position shifted from short to long:

• The short positions in the Mexican Peso declined in such a fashion by 18,652 contracts that the net position shifted from short to long, and currently stands at +3.4K contracts.