Latest Commitment of Traders positions (FX) as at November 7th 2017

CFTC commitment of traders report was released on Monday (13th November) and cover positions up to Tuesday (7th 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 an eighth consecutive week and by 4,439 contracts that pushed the net position to -25.1K contracts.
• Short positions in Japanese yen rose for a third straight week and by 8,979 contracts to -127.8K contracts.
• Short positions in the New Zealand dollar increased last week by 5,480 contracts to -11.2K contracts.

Long positions increased:

• The long positions in the Mexican peso rose for the first time in five weeks by 1,729 contracts that pushed the net position to +57K contracts.
• Long positions in the euro rose last week by 13,358 contracts to +84.45K contracts.

Long positions decreased:

• Long positions in the Canadian dollar decreased for a fourth consecutive week and by 6,950 contracts which pushed the net position to +50.9K contracts.
• The long positions in the Australian dollar declined for a sixth consecutive week and by 6,171 contracts that pushed the net position to 45.4K contracts.

Position shifted from long to short:

• The long positions in the British pound declined in such a fashion that the net position turned from short to long. Long positions declined by 10,443 contracts to -9.2K contracts.