Latest Commitment of Traders positions (FX) as at July 31st 2018

CFTC commitment of traders report was released on Friday (3rd August) and cover positions up to Tuesday (31st 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 short in all currencies against the dollar except the euro and the Mexican peso.

Long positions decreased:

• Long positions in the euro declined last week and by 6,815 contracts to +22.8K contracts.             

Short positions decreased:

• The short position in the Canadian dollar declined for the third consecutive week and by 12,942 contracts to -31.6K contracts.
• Short positions in the New Zealand dollar declined for the third consecutive week and by 690 contracts to -23.7K contracts.
• The short positions in the Swiss franc declined last week and by 1,386 contracts to -44.4K contracts.
• The short positions in the Japanese yen declined for the first time in five weeks and by 5,312 contracts to -68.5K contracts.

Short positions increased:

• The short positions in the British pound sterling rose for the second consecutive week and by 643contracts to -47.4 K contracts.
• The short positions in the Australian dollar rose for the second consecutive week and by 5,990 contracts to -51.5K contracts.

Long positions increased:

• Long positions in the Mexican peso rose last week by 6,931 contracts to +26.5K contracts