Latest Commitment of Traders positions (FX) as at February 6th 2018

CFTC commitment of traders report was released on Friday (9th February) and cover positions up to Tuesday (6th 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 on 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 Mexican peso rose for a fourth consecutive week and by 12,810 contracts to +92.8K contracts.
• Long positions in the Canadian dollar rose for a fifth consecutive week and by 6,699 contracts to +40.2K contracts.
• The long positions in the Australian dollar rose last week by 597 contracts to +13.7K contracts.

Short positions decreased:

• Short positions in the Swiss franc declined last week and by 86 contracts that pushed the net position to -20.2K contracts.
• Short positions in the yen declined by 1,820 contracts that pushed the net positions to -112.9K contracts.

Long positions decreased:

• The long positions in the euro declined by 7,919 contracts to +140.8K contracts.
• The long positions in the British pound declined for a second consecutive week by 3,874 contracts to +27.9K contracts.
• The long positions in the New Zealand dollar declined last week by 138 contracts to +3.3K contracts.