Latest Commitment of Traders positions (FX) as at July 24th 2018

CFTC commitment of traders report was released on Friday (27th July) and cover positions up to Tuesday (24th 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:

• Long positions in the Mexican peso declined last week by 9,494 contracts to +19.6K contracts.   

Short positions decreased:

• The short position in the Canadian dollar declined for the second consecutive week and by 2,973 contracts to -44.5K contracts.
• Short positions in the New Zealand dollar declined for the second consecutive week and by 697 contracts to -24.4K contracts.

Short positions increased:

• The short positions in the Swiss franc rose for the second consecutive week and by 3,665 contracts to -45.8K contracts.
• The short positions in the Japanese yen rose for the fourth consecutive week and by 15,119 contracts to -73.8K contracts.
• The short positions in the British pound sterling rose last week by 7,991 contracts to -46.7 K contracts.
• The short positions in the Australian dollar rose last week and by 4,961 contracts to -45.5K contracts.

Long positions increased:

• Long positions in the euro rose for the second time in thirteen weeks and by 8,233 contracts to +29.6K contracts.