Latest Commitment of Traders positions (FX) as at June 5th 2018

CFTC commitment of traders report was released on Friday (8th June) and cover positions up to Tuesday (5th June). 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 British pound sterling, New Zealand dollar, and the euro.

Long positions decreased:

• The long positions in the euro declined for a seventh consecutive week and by 3,801 contracts to +89.2K contracts.
• The long positions in the British pound sterling declined last week by 2,132 contracts to +7.3K contracts.

Short positions decreased:

• The short position in the Canadian rose last week and by 349 contracts to -16K contracts.
• The short positions in the Australian dollar declined last week by 3,027 contracts to -20.2K contracts.
• The short positions in the Japanese yen declined last week by 4,599 contracts to -3.4K contracts.
• The short positions in the Swiss franc declined last week by 4,215 contracts to -39.2K contracts.

Long positions increased:

• The long positions in the New Zealand dollar rose last week by 2,982 contracts to +4.4K contracts.

Position shifted from long to short:

• The positions in the Mexican peso reverted from positive to negative last week. The net long positions in the Mexican peso declined last week by 29,446 contracts to -11.1K contracts.