Latest Commitment of Traders positions (FX) as at July 3rd 2018

CFTC commitment of traders report was released on Monday (9th July) and cover positions up to Tuesday (3rd 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.

Long positions increased:

• The long positions in the euro rose for the first time in 11 weeks and by 2,843 contracts to +36.7K contracts.

Short positions decreased:

• The short position in the Australian dollar declined for the second straight week and by 1,748 contracts to -39.2K contracts.

Short positions increased:

• The short positions in the Canadian dollar rose for a second consecutive week and by 16,649 contracts to -49.4K contracts.
• Short positions in the New Zealand dollar rose for a second consecutive week and by 8,842 contracts to -26.4K contracts.
• Short positions in the British pound sterling rose for a second consecutive week and by 7,200 contracts to -28.8K contracts.
• The short positions in the Swiss franc rose for the second consecutive week and by 2,463 contracts to -40.5K contracts.
• The short positions in the Japanese yen rose last week by 4,509 contracts to -38.7K contracts,

Position shifted from short to long:

• Long positions in the Mexican peso rose by 18,425 contracts that resulted in a net position of +5.9K contracts.