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

CFTC commitment of traders report was released on Friday (15th March) and cover positions up to Tuesday (12th 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.

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 799 contracts to -23.3K contracts.
• The short positions in the euro declined by 2,421 contracts to -75.7K contracts.

Short positions increased:

• The short positions in the Australian dollar rose by 2,958 contracts to -43.7K contracts.
• The short positions in the British pound rose by 1,767 contracts to -36.7K contracts.
• The short positions in the Japanese yen rose by 7,475 contracts to -58.8K contracts.
• The short positions in the Canadian dollar rose by 609 contracts to -40.4K contracts.

Long position decreased:

• The long positions in the Mexican Peso declined for the third consecutive week, and by 13,322 contracts to +75.1K contracts.

Long positions increased:

• The long positions in the New Zealand dollar rose by 3,176 contracts to +4.6K contracts.