Latest Commitment of Traders positions (FX) as at February 5th 2019

CFTC commitment of traders report was released on Friday (22nd February) and cover positions up to Tuesday (5th 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 and New Zealand dollar.

Short positions decreased:

• The short positions in the Japanese yen declined by 1,935 contracts to -31.4K contracts.
• The short positions in the Canadian dollar declined sharply by 14,353 contracts to -42K contracts.
• The short positions in the British pound sterling declined by 1,452 contracts to -33.7K contracts.

Short positions increased:

• The short positions in the Australian dollar rose by 3,505 contracts to -35.6K contracts.
• The short positions in the euro rose by 5,490 contracts to -52K contracts.
• The short positions in the Swiss franc rose marginally by 34 contracts to -18.1K contracts.

Long position increased:

• The long positions in the Mexican Peso rose by 2,024 contracts to +71.5K contracts.

Position shifted from short to long:

• The net positions in the New Zealand dollar rose by 3,636 contracts, which pushed the net positions to +0.55K contracts.