Latest Commitment of Traders positions (FX) as at October 23rd 2018

CFTC commitment of traders report was released on Friday (26th October) and cover positions up to Tuesday (23rd October). 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 Canadian dollar declined for the fifth consecutive week, and by 3,791 contracts to -7.2K contracts.
• The short positions in the Japanese yen declined for the second consecutive week, and by 7,817 contracts to -92.8K contracts.
• The short positions in the British pound sterling declined for the second consecutive week and by 3,356 contracts to -47K contracts.
• The short positions in the Australian dollar declined for the second consecutive week by 1,123 contracts to -70.4K contracts.
• The short positions in the New Zealand dollar declined last week by 2,364 contracts to -33K contracts.

Short positions increased:

• The short positions in Swiss franc rose for the second consecutive week, and by 581 contracts to -17.1K contracts.
• The short positions in the euro rose for the third consecutive week and by 960 contracts to -30.3K contracts.

Long positions decreased:

• The long positions in the Mexican Peso declined for the second consecutive week and by 10,548 contracts to +58K contracts.