Latest Commitment of Traders positions (FX) as at July 17th 2018

CFTC commitment of traders report was released on Friday (20th July) and cover positions up to Tuesday (17th July). 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.

Key highlights:

Market participants are net short in all currencies against the dollar except the euro and the Mexican peso.

Long positions decreased:

• The long positions in the euro declined for the 11th time in 12 weeks and by 2,950 contracts to +21.4K contracts.

Short positions decreased:

• The short position in the Canadian dollar declined for the first time in four weeks and by 5,403 contracts to -47.5K contracts.
• The short positions in the British pound sterling declined last week by 1,651 contracts to -38.7 K contracts.
• The short positions in the Australian dollar declined last week and by 448 contracts to -40.5K contracts.
• Short positions in the New Zealand dollar declined last week and by 1,507 contracts to -25.1K contracts.

Short positions increased:

• The short positions in the Swiss franc rose last week and by 2,022 contracts to -42.1K contracts.
• The short positions in the Japanese yen rose for the third consecutive week and by 18,818 contracts to -58.6K contracts,

Long positions increased:

• Long positions in the Mexican peso rose for the third consecutive week by 946 contracts that resulted in a net position of +29.1K contracts.