Latest Commitment of Traders positions (FX) as at February 20th 2018

CFTC commitment of traders report was released on Friday (23rd February) and cover positions up to Tuesday (20th February). 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 of how key participants are looking at future moves.

Key highlights:

Market participants are net long in all currencies against the dollar except the Japanese yen and the Swiss franc.

Long positions increased:

• Long positions in the Australian dollar rose last week and by 2,794 contracts to +11.8K contracts.

Short positions decreased:

• Short positions in the Swiss franc declined for a third straight week and by 4,137 contracts that pushed the net position to -15.8K contracts.
• Short positions in the yen declined last week by 7,171 contracts that pushed the net positions to -108.3K contracts.

Long positions decreased:

• The long positions in the Mexican Peso declined for the first time in six weeks and by 1,957 contracts to +94.8K contracts.
• The long positions in the euro declined for a third consecutive week and by 1,163 contracts to +126.1K contracts.
• The long positions in the British pound declined for a fourth consecutive week and by 7,137 contracts to +7.8K contracts.
• The long positions in the New Zealand dollar declined for a third straight week and by 1,276 contracts to +0.94K contracts.
• Long positions in the Canadian dollar declined for the second consecutive week and by 9,402 contracts to +23.1K contracts.