Latest Commitment of Traders positions (FX) as at May 29th 2018

CFTC commitment of traders report was released on Friday (1st June) and cover positions up to Tuesday (29th 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 seventh consecutive week and by 13,204 contracts last week to +18.3K contracts.
• The long positions in the euro declined for a sixth consecutive week and by 16,707 contracts to +93K contracts.

Short position increased:

• The short positions in the Swiss Franc rose for a fifth consecutive week and by 6,120 contracts to -43.4K contracts.
• Short positions in the Japanese yen rose by 5,269 contracts last week to -8K contracts.
• The short positions in the Australian dollar rose last week by 2,123 contracts to -23.2K contracts.

Short positions decreased:

• The short position in the Canadian declined last week and by 10,522 contracts to -15.7K contracts.

Long positions increased:

• The long positions in the British pound sterling rose for the second consecutive week and by 3,776 contracts to +9.5K contracts.

Position shifted from short to long:

• After reverting to short last week, the positions in the kiwi dollar reverted from negative to positive last week. The net long positions (2,764 contracts) in the New Zealand dollar rose in such a fashion that the net position shifted from short to long (+1.4K contracts).