Latest Commitment of Traders positions (FX) as at March 6th 2018

CFTC commitment of traders report was released on Friday (9th March) and cover positions up to Tuesday (6th 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 third consecutive week by 9,806 contracts that pushed the net positions to -86.8K contracts.
• Short positions in the Swiss Franc declined last week by 7,522 contracts to -8.5K contracts.

Long positions decreased:

• The long positions in the Mexican Peso declined for the third consecutive week and by 9,212 contracts to +83.3K contracts.
• The long positions in the Australian dollar declined for a second consecutive week and by 6,439 contracts to +3.1K contracts.
• Long positions in the Canadian dollar declined for the fourth consecutive week and by 2,655 contracts to +19.6K contracts.
• Long positions in the euro declined last week and by 7,423 contracts to +132.9K contracts.
• The long positions in the British pound sterling declined last week by 7,423 contracts to +5.3K contracts.

Position shifted from short to long:

• The long positions increased in such a fashion that the net position in New Zealand dollar turned from short to long. Last week net longs increased by 1,021 contracts that led to a net position of +30 contracts.