Latest Commitment of Traders positions (FX) as at January 30th 2018

CFTC commitment of traders report was released on Friday (2nd February) and cover positions up to Tuesday (30th 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 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, New Zealand dollar, and the Swiss franc.

Long positions increased:

• Long positions in the Mexican peso rose for a third consecutive week and by 18,890 contracts to +80K contracts.
• Long positions in the Canadian dollar rose for a fourth consecutive week and by 10,908 contracts to +33.5K contracts.
• The long positions in the euro rose for a second consecutive week by 4,025 contracts to +148.7K contracts.

Position shifted from short to long:

• The long positions in the New Zealand dollar rose in such a fashion that the net position shifted from short to long. The long positions rose by 4,936 contracts to +3.5K contracts.

Short positions decreased:

• Short positions in the Swiss franc declined last week and by 1,788 contracts that pushed the net position to -20.3K contracts.
• The long positions in the British pound declined last week by 1,304 contracts to +31.7K contracts.
• Short positions in the yen declined by 8,174 contracts that pushed the net positions to -114.7K contracts.

Long positions decreased:

• The long positions in the Australian dollar declined by 3,528 contracts to +13.1K contracts.