Latest Commitment of Traders positions (FX) as at November 28th 2017

CFTC commitment of traders report was released on Friday (1st December) and cover positions up to Tuesday (28th 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 and the Swiss franc.

Shorts increased:

• Short positions in the Swiss franc increased for an eleventh consecutive week and by 444 contracts that pushed the net position to -30.2K contracts.
• Short positions in the New Zealand dollar increased for a fourth consecutive week and by 628 contracts to -14K contracts.

Long positions increased:

• The long positions in the Mexican peso rose for the fourth consecutive week by 9,180 contracts that pushed the net position to +89.6K contracts.
• The long positions in the Canadian dollar rose last week by 533 contracts to +45.7K contracts.

Long positions decreased:

• Long positions in the euro decreased last week and by 5,756 contracts which pushed the net position to +89.7K contracts.
• The long positions in the Australian dollar declined for a ninth consecutive week and by 935 contracts that pushed the net position to +38.9K contracts.

Short positions decreased:

• Short positions in Japanese yen declined for the second consecutive week and by 11,962 contracts to -110.6K contracts.

Position shifted from short to long:

• The long positions in the British pound sterling rose in such a manner that the net position shifted from short to long. Long positions increased by 4,873 contracts to +4.6K contracts.