Latest Commitment of Traders positions (FX) as at November 21st 2017

CFTC commitment of traders report was released on Friday (27th November) and cover positions up to Tuesday (21st November).  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, British pound, and the Swiss franc.

Shorts increased:

• Short positions in the Swiss franc increased for a tenth consecutive week and by 1,757 contracts that pushed the net position to -29.7K contracts.
• Short positions in the New Zealand dollar increased for a third consecutive week and by 1,503 contracts to -13.4K contracts.

Long positions increased:

• The long positions in the Mexican peso rose for the third consecutive week by 17,853 contracts that pushed the net position to +80.4K contracts.
• The long positions in the euro rose last week by 10,851 contracts to +95.4K contracts.

Long positions decreased:

• Long positions in the Canadian dollar decreased for a sixth consecutive week and by 2,210 contracts which pushed the net position to +45.1K contracts.
• The long positions in the Australian dollar declined for an eighth consecutive week and by 4,215 contracts that pushed the net position to +39.8K contracts.

Short positions decreased:

• The short positions in the British pound declined for a second straight week by 4,233 contracts to -0.3K contracts.
• Short positions in Japanese yen declined for the first time in five weeks and by 13,397 contracts to -122.6K contracts.