Latest Commitment of Traders positions (FX) as at July 25th 2017

CFTC commitment of traders report was released on Friday (28th July) and cover positions up to Tuesday (25th July). 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 British pound, Japanese yen, and the Swiss franc.

Shorts decreased:

• Short positions in the Swiss franc declined last week and by 2,117 contracts that pushed the net position to -1.5K contracts.
• Short positions in the Japanese yen declined last week and by 5,430 contracts that pushed the net position to -121.5K contracts.

Shorts increased:

• The short positions in the British pound increased last week and by 9,724 contracts that pushed the net position to -26.2K contracts.

Long positions increased:

• The Canadian dollar registered the biggest increase in the long positions among peers last week as long positions got increased by 18,570 contracts to +26.6K contracts. Long positions increased for a second consecutive week.
• The long positions in Australian dollar increased for a fifth consecutive week and by 5,018 contracts, which pushed the net position to +56.4K contracts.
• The long positions in the Mexican peso increased for a fifth consecutive week and by 351 contracts, which pushed the net position to +112.9K contracts.

Long positions decreased:

• The long positions in the euro decreased by 479 contracts last week that pushed the net position to +90.8K contracts.
• The long positions in the New Zealand dollar decreased last week and by 1,176 contracts that pushed the net position to +34.8K contracts.