Latest Commitment of Traders positions (FX) as at March 20th 2018

CFTC commitment of traders report was released on Friday (23rd March) and cover positions up to Tuesday (20th March). 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 a crucial picture of how key participants are looking at future moves.

Key highlights:

Market participants are net long in all currencies against the dollar except the Japanese yen and the Swiss franc.

Short positions decreased:

• Short positions in the yen declined for a fifth consecutive week by 57,540 contracts that pushed the net positions to -22K contracts.

Long positions increased:

• Long positions in the Canadian dollar rose for the first time in six weeks and by 5,140 contracts to +24.6K contracts.
• The long positions in the British pound sterling rose by 15,780 contracts +23.8K contracts.

Position shifted from short to long:

• The long positions increased in such a fashion that the net position in the New Zealand dollar turned from short to long. Last week net longs decreased by 2,846 contracts that led to a net position of -2.8K contracts.
• The long positions increased in such a fashion that the net position in the Australian dollar turned from short to long. Last week net longs increased by 22,442 contracts that led to a net position of +19.6K contracts.

Long positions decreased:

• The long positions in the Mexican Peso declined last week and by 20,095 contracts to +66.8K contracts.
• Long positions in the euro declined last week and by 13,641 contracts to +132.7K contracts.

Short positions increased:

• The short positions in the Swiss franc rose last week by 1,674 contracts to -8.2K contracts.