Latest Commitment of Traders positions (FX) as at February 26th 2019

CFTC commitment of traders report was released on Tuesday (5th March) and cover positions up to Tuesday (26th 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 Australian dollar declined by 1,325 contracts to -35.7K contracts.
• The short positions in the euro declined by 2,479 contracts to -72.4K contracts.
• The short positions in the British pound sterling declined by 8,265 contracts to -39.3K contracts.

Short positions increased:

• The short positions in the Canadian dollar rose by 2,740 contracts to -39.2K contracts.
• The short positions in the Swiss franc rose by 1,999 contracts to -25.3K contracts.
• The short positions in the Japanese yen rose by 2,193 contracts to -39.6K contracts.

Long position decreased:

• The long positions in the Mexican Peso declined by 18,684 contracts to +95.1K contracts.

Position shifted from short to long:

• The net positions in the New Zealand dollar rose by 1,654 contracts, which pushed the net positions to +0.9K contracts.