Latest Commitment of Traders positions (FX) as at November 27th 2018

CFTC commitment of traders report was released on Friday (30th November) and cover positions up to Tuesday (27th 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 Australian dollar declined for the fourth consecutive week and by 5,277 contracts to -53.9K 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 third consecutive week and by 4,328 contracts to -39.1K contracts.

Short positions increased:

• The short positions in the euro rose for the sixth time in seven weeks and by 7,842 contracts to -55.1K contracts.
• The short positions in the Canadian dollar rose for the 4th consecutive week, and by 2,341 contracts to -8.6K contracts.
• The short positions in the Swiss franc rose for the second consecutive week, and by 1,443 contracts to -21.1K contracts.
• The short positions in the New Zealand dollar rose last week for the first time in four weeks, and by 1,193 contracts to -20.5K contracts.
• The short positions rose last week by 4,259 contracts to -104.3K contracts.

Long positions increased:

• The long positions in the Mexican Peso rose for the 3rd consecutive week and by 1,244 contracts to +15.3K contracts.