Latest Commitment of Traders positions (FX) as at March 5th 2019

CFTC commitment of traders report was released on Friday (8th March) and cover positions up to Tuesday (5th March). COT report is not a complete presenter of entire market positions since the future market is relatively smaller compared to the Spot FX market. Nevertheless, it presents a crucial picture of how key participants are looking at future moves. Data delayed sue to U.S. govt. shutdown.

Key highlights:

Market participants are net short in all currencies against the dollar except the Mexican peso and New Zealand dollar.

Short positions decreased:

• The short positions in the Swiss franc declined by 1,245 contracts to -24.1K contracts.
• The short positions in the British pound sterling declined by 4,334 contracts to -34.9K contracts.

Short positions increased:

• The short positions in the Australian dollar rose by 4,998 contracts to -40.7K contracts.
• The short positions in the euro rose by 5,711 contracts to -78.2K contracts.
• The short positions in the Japanese yen rose by 11,652 contracts to -51.3K contracts.
• The short positions in the Canadian dollar rose by 1,267 contracts to -40.4K contracts.

Long position decreased:

• The long positions in the Mexican Peso declined for the second consecutive week, and by 3,529 contracts to +88.4K contracts.
• The long positions in the New Zealand dollar rose by 507 contracts to +1.4K contracts.