Latest Commitment of Traders positions (FX) as at January 9th 2018

CFTC commitment of traders report was released on Friday (12th January) and cover positions up to Tuesday (9th 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.

Shorts increased:

• The short positions in the Swiss franc rose for a second consecutive week and by 5,690 contracts to -21.9K contracts.
• Short positions in the Japanese yen rose for a third straight week and by 3,770 contracts to -125.5K contracts.

Long positions increased:

• Long positions in the euro increased for a third straight week by 16,823 contracts to +144.7K contracts.
• The long positions in the British pound sterling rose sharply last week by 9,257 contracts to +25.5K contracts.
• Long positions in the Canadian dollar rose last week by 2,722 contracts to 17.5K contracts.

Long positions decreased:

• The long positions in the Mexican peso declined for the fifth consecutive week by 5.261 contracts that pushed the net position to +29.8K contracts.

Short positions decreased:

• Short positions in the New Zealand dollar declined last week and by 5,968 contracts that pushed the net position to -11K contracts.

Position shifted from short to long:

• The long positions in the Australian dollar rose in such a fashion that the net position turned from negative to positive. Long positions increased by 25,484 contracts that brought the net position to +5.5K contracts.