Latest Commitment of Traders positions (FX) as at October 24th 2017

CFTC commitment of traders report was released on Friday (27th October) and cover positions up to Tuesday (24th 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, British pound, and the Swiss franc.

Shorts increased:

• Short positions in the Swiss franc increased for a sixth consecutive week and by 6,666 contracts that pushed the net position to -11.63K contracts.
• Short positions in Japanese yen rose last week by 15,571 contracts to -116.9K contracts.

Shorts decreased:

• Short positions in Japanese yen declined only marginally last week by 133 contracts to -101.3K contracts.

Long positions decreased:

• The long positions in the Mexican peso declined for a third consecutive week by 15,366 contracts that pushed the net position to +55.7K contracts.
• The long position in the New Zealand dollar declined last week by 6,366 contracts that pushed the net position to +0.6K contracts.
• Long positions in the Canadian dollar decreased for a second consecutive week and by 2,754 contracts which pushed the net position to +72.3K contracts.
• Long positions in the euro decreased for a second straight week by 6,948 contracts to +83.5K contracts.
• The long positions in the Australian dollar declined for a fourth consecutive week and by 4,550 contracts that pushed the net position to 57.2K contracts.

Position shifted from long to short:

• The long positions in the British pound sterling declined in such a fashion that the net position turned from long to short. Long positions declined by 6,532 contracts to -1.5K contracts.