Latest Commitment of Traders positions (FX) as at February 12th 2019

CFTC commitment of traders report was released on Tuesday (26th February) and cover positions up to Tuesday (12th February). 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. Data delayed sue to U.S. govt. shutdown.

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 by 668 contracts to -30.7K contracts.
• The short positions in the Australian dollar declined by 1,122 contracts to -34.5K contracts.

Short positions increased:

• The short positions in the Canadian dollar rose by 4,500 contracts to -37.5K contracts.
• The short positions in the euro rose by 11,936 contracts to -63.9K contracts.
• The short positions in the Swiss franc rose by 2,566 contracts to -20.7K contracts.
• The short positions in the British pound sterling rose by 9,200 contracts to -42.9K contracts.

Long position increased:

• The long positions in the Mexican Peso rose by 4,944 contracts to +76.4K contracts.

Position shifted from long to short:

• The net positions in the New Zealand dollar declined by 1,670 contracts, which pushed the net positions to -1.1K contracts.