Latest Commitment of Traders positions (FX) as at May 22nd 2018

CFTC commitment of traders report was released on Friday (25th May) and cover positions up to Tuesday (22nd May). 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 short in all currencies against the dollar except the Mexican Peso, British pound sterling, and the euro.

Long positions decreased:

• The long positions in the Mexican Peso declined for a sixth consecutive week by 21,238 contracts last week to +31.5K contracts.
• The long positions in the euro declined for a fifth consecutive week and by 5,370 contracts to +109.7K contracts.

Short position increased:

• The short positions in the Swiss Franc rose for a fourth consecutive week and by 918 contracts to -37.3K contracts.
• The short position in the Canadian rose last week and by 2,556 contracts to -26.2K contracts.

Short positions decreased:

• The short positions in the Australian dollar declined last week by 1,994 contracts to -211.1K contracts.

Long positions increased:

• The long positions in the British pound sterling rose marginally last week by 40 contracts to 5.7K contracts.

Position shifted from long to short:

• The net short positions (-6,447 contracts) in the Japanese yen rose in such a fashion that the net position shifted from long to short (-2.8K contracts).
• The net short positions (-3316 contracts) in the New Zealand dollar rose in such a fashion that the net position shifted from long to short (-1.4K contracts).