Latest Commitment of Traders positions (FX) as at October 30th 2018

CFTC commitment of traders report was released on Friday (2nd November) and cover positions up to Tuesday (30th 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 Swiss franc declined last week, and by 2,583 contracts to -14.5K contracts.
• The short positions in the Japanese yen declined for the third consecutive week, and by 1,184 contracts to -91.6K contracts.

Short positions increased:

• The short positions in the euro rose for the fourth consecutive week and by 2,358 contracts to -32.7K contracts.
• The short positions in the British pound sterling rose last week by 5,485 contracts to -52.5K contracts.
• The short positions in the New Zealand dollar rose last week by 1,983 contracts to -35K contracts.
• The short positions in the Australian dollar rose marginally last week by 44 contracts to -70.4K contracts.

Long positions decreased:

• The long positions in the Mexican Peso declined for the third consecutive week and by 24,218 contracts to +33.8K contracts.