 as at October 10th 2017 - EconoTimes)
CFTC commitment of traders report was released on Friday (13th October) and cover positions up to Tuesday (10th October). 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 crucial picture on 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 a fourth consecutive week and by 969 contracts that pushed the net position to -4.3K contracts.
- Short positions in the Japanese yen increased for a third consecutive week and by 16,776 contracts that pushed the net position to -101.4K contracts.
Long positions increased:
- The long position in the Canadian dollar increased for a fourth consecutive week and by 1,264 contracts, which pushed the net position to +76.4K contracts.
- The long position in the euro increased for a second consecutive week and by 7,246 contracts, which pushed the net position to +98.1K contracts.
Long positions decreased:
- The long positions in the Australian dollar declined for a second consecutive week by 2,630 contracts that pushed the net position to +69.2K contracts.
- The long position in the British pound declines last week by 4,441 contracts that pushed the net position to +15.5K contracts.
- Long positions in the Mexican peso decreased last week and by 6,367 contracts which pushed the net position to +82.7K contracts.
- Long positions in the New Zealand dollar decreased last week by 2,389 contracts to +5.7K contracts.
