Latest Commitment of Traders positions (FX) as at October 31st 2017

CFTC commitment of traders report was released on Friday (3rd November) and cover positions up to Tuesday (31st 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, New Zealand dollar, and the Swiss franc.

Shorts increased:

• Short positions in the Swiss franc increased for a seventh consecutive week and by 9,074 contracts that pushed the net position to -20.7K contracts.
• Short positions in Japanese yen rose last week by 2,012 contracts to -118.9K contracts.

Long positions decreased:

• The long positions in the Mexican peso declined for a fourth consecutive week by 455 contracts that pushed the net position to +55.2K contracts.
• Long positions in the Canadian dollar decreased for a third consecutive week and by 14,493 contracts which pushed the net position to +57.8K contracts.
• Long positions in the euro decreased for a third straight week by 11,407 contracts to +72.1K contracts.
• The long positions in the Australian dollar declined for a fifth consecutive week and by 5,642 contracts that pushed the net position to 51.6K contracts.

Position shifted from long to short:

• The long positions in the New Zealand dollar declined in such a fashion that the net position turned from long to short. Long positions declined by 6,318 contracts to -5.7K contracts.

Position shifted from short to long:

• The short positions in the British pound sterling declined in such a fashion that the net position turned from short to long. Short positions declined by 2,730 contracts to -1.2K contracts.