Latest Commitment of Traders positions (FX) as at September 19th 2017

CFTC commitment of traders report was released on Friday (22nd September) and cover positions up to Tuesday (19th September). 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 British pound, Japanese yen, and the Swiss franc.

Shorts decreased:

• Short positions in the Japanese yen declined for a ninth consecutive week and by 5,975 contracts that pushed the net position to -51.3K contracts.
• British pound shorts declined massively last week by 35,924 contracts that pushed the net position to -10.2K contracts.

Shorts increased:

• Short positions in the Swiss franc increased last week and by 255 contracts that pushed the net position to -1.6K contracts.

Long positions increased:

• The Australian dollar registered the biggest increase in the long positions among peers last week as long positions got increased by 9,479 contracts to +72.5K contracts.
• The long position in the Canadian dollar increased last week and by 8,347 contracts, which pushed the net position to +58.8K contracts.

Long positions decreased:

• The Mexican peso registered the biggest decrease in the long positions among peers last week as long positions got decreased by 40,046 contracts to +76.9K contracts. Long positions decreased for the first time in six weeks.
• The long positions in the euro declined for the second straight week and by 23,305 contracts to +62.7K contracts. 
• The long positions in the New Zealand dollar decreased last week for a seventh consecutive week and by 5,680 contracts, which pushed the net position to +6.7K contracts.