 as at May 8th 2018 - EconoTimes)
CFTC commitment of traders report was released on Friday (11th May) and cover positions up to Tuesday (8th 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 long in all currencies against the dollar except the Australian dollar, Canadian dollar, Japanese yen, and the Swiss franc.
Long positions decreased:
- The long positions in the Mexican Peso declined for a fourth consecutive week by 9,853 contracts last week to +76.2K contracts.
- The long positions in the British pound sterling declined for the third straight week and by 17,384 contracts to +9K contracts.
- The long positions in the euro declined for a third consecutive week and by 63 contracts to +120.5K contracts.
- The long positions in the New Zealand dollar declined for a third consecutive week and by 4,027 contracts to +12.5K contracts.
Short position increased:
- The short positions in the Swiss Franc rose for a second consecutive week and by 13,146 contracts to -32.6K contracts.
- The short positions in the Australian dollar rose for a second consecutive week and by 11,094 contracts that pushed the net position to -16.8K contracts.
- The short positions in the Japanese yen rose last week by 4,057 contracts to -5.5K contracts.
Short positions decreased:
- The short position in the Canadian dollar declined last week and by 3,674 contracts to -23.9K contracts.
