Latest Commitment of Traders positions (FX) as at November 20th 2018

CFTC commitment of traders report was released on Monday (26th November) and cover positions up to Tuesday (20th November). 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.

Short positions decreased:

• The short positions in the New Zealand dollar declined for the third consecutive week and by 1,521 contracts to -19.3K contracts.
• The short positions in the Australian dollar declined for the third consecutive week and by 600 contracts to -59.2K contracts.
• The short positions in the Japanese yen declined for the fifth time in six weeks and by 2,229 contracts to -100.1K contracts.
• The short positions in the British pound sterling declined for the second consecutive week and by 3,629 contracts to -43.5K contracts.

Short positions increased:

• The short positions in the euro rose for the fifth time in six weeks and by 10,210 contracts to -47.2K contracts.
• The short positions in the Canadian dollar rose for the 2nd consecutive week, and by 3,498 contracts to -6.3K contracts.
• The short positions in the Swiss franc rose last week, and by 1,023 contracts to -19.6K contracts

Long positions increased:

• The long positions in the Mexican Peso rose for the 2nd consecutive week and by 6,796 contracts to +14.1K contracts.