Latest Commitment of Traders positions (FX) as at October 9th 2018

CFTC commitment of traders report was released on Friday (12th October) and cover positions up to Tuesday (9th 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 for the seventh consecutive week, and by 599 contracts to -12.8K contracts.
• The short positions in the Canadian dollar declined for the third consecutive week, and by 6,339 contracts to -12.1K contracts.

Short positions increased:

• The short positions in the Japanese yen rose for the 6th time in 11 weeks and by 1,155 contracts to -115.2K contracts.
• The short positions in the British pound sterling rose last week and by 1,167 contracts to -60.5K contracts.
• The short positions in the euro rose last week by 9,041 contracts to -16.1K contracts.
• The short positions in the New Zealand dollar rose last week by 3,224 contracts to -33.8K contracts.
• The short positions in the Australian dollar rose last week and by 1,566 contracts to -73.3K contracts.

Long positions increased:

• The long positions in the Mexican Peso rose for the fifth consecutive week and by 620 contracts to +74.5K contracts.