Latest Commitment of Traders positions (FX) as at January 23rd 2018

CFTC commitment of traders report was released on Friday (26th January) and cover positions up to Tuesday (23rd January). 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, New Zealand dollar, and the Swiss franc.

Long positions increased:

• Long positions in the Mexican peso rose for a second consecutive week and by 14,360 contracts to +61.1K contracts.
• The long positions in the British pound sterling rose for a third consecutive week and by 6,841contracts to +33K contracts.
• Long positions in the Canadian dollar rose for a third consecutive week and by 5,001 contracts to 22.6K contracts.
• Long positions in the Australian dollar rose for a second straight week by 6,605 contracts to 16.7Kcontracts.
• The long positions in the euro rose last week by 5,227 contracts to +144.7K contracts.

Short positions increased:

• Short positions in Swiss franc rose last week and by 1,009 contracts to -22.1K contracts.
• Short positions in the yen rose last week by 3,520 contracts to -122.9K contracts.

Short positions decreased:

• Short positions in the New Zealand dollar declined for a third consecutive week and by 6,525 contracts that pushed the net position to -1.5K contracts.