Latest Commitment of Traders positions (FX) as at October 3rd 2017

CFTC commitment of traders report was released on Friday (6th October) and cover positions up to Tuesday (3rd 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 third consecutive week and by 1,431 contracts that pushed the net position to -3.3K contracts.
• Short positions in the Japanese yen increased for a second consecutive and by 13,296 contracts that pushed the net position to -84.6K contracts.

Long positions increased:

• The British pound registered the biggest increase in the long positions among peers last week as long positions got increased by 14,985 contracts to +19.9K contracts.
• The long position in the Canadian dollar increased for a third consecutive week and by 523 contracts, which pushed the net position to +75.1K contracts.
• The long position in the euro increased last week and by 2,666 contracts, which pushed the net position to +90.8K contracts.
• Long positions in the Mexican peso increased for a second straight week and by 5,389 contracts which pushed the net position to +89.1K contracts.
• Long positions in the New Zealand dollar increased last week by 65 contracts to +8.1K contracts.

Long positions decreased:

• The long positions in the Australian dollar declined last week by 5,382 contracts that pushed the net position to +71.8K contracts.