Latest Commitment of Traders positions (FX) as at March 27th 2018

CFTC commitment of traders report was released on Friday (30th March) and cover positions up to Tuesday (27th 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 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 Japanese yen, and the Swiss franc.

Short positions decreased:

• Short positions in the yen declined for a sixth consecutive week by 18,331 contracts that pushed the net positions to -3.7K contracts.

Long positions increased:

• Long positions in the Mexican Peso rose last week and by 22,942 contracts to +89.8K contracts.
• The long positions in the British pound sterling rose for a third consecutive week and by 10,369 contracts +34.2K contracts.
• Long positions in the euro rose last week and by 8,325 contracts to +141.1K contracts.

Long positions decreased:

• The long positions in the New Zealand dollar declined last week and by 1,387 contracts to +18.2K contracts.
• The long positions in the Australian dollar declined last week and by 9,851 contracts to +8.1K contracts.

Short positions increased:

• The short positions in the Swiss franc rose for a second consecutive week and by 1,199 contracts to -9.4K contracts.

Position shifted from long to short:

• The long positions declined in such a fashion by 51,610 contracts that the net position shifted from long to short to -27K contracts.