Latest Commitment of Traders positions (FX) as at September 25th 2018

CFTC commitment of traders report was released on Friday (28th September) and cover positions up to Tuesday (25th September). 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 and the euro.

Short positions decreased:

• The short positions in the Swiss franc declined for the fifth consecutive week, and by 2,355 contracts to -16.1K contracts.
• The short positions in the Canadian dollar declined last week, and by 10,579 contracts to -19.5K contracts.
• The short positions in the British pound sterling declined last week by 12,180 contracts to -67.1K contracts.
• The short positions in the New Zealand dollar declined last week and by 154 contracts to -31.8K contracts.

Short positions increased:

• The short positions in the Australian dollar rose for the third consecutive week, and by 4,058 contracts to -72.1K contracts.
• The short positions in the Japanese yen rose for the 4th time in 9 weeks and by 20,964 contracts to -84.7K contracts.

Long positions increased:

• The long positions in the Mexican Peso rose for the third consecutive week and by 10,885 contracts to +51.4K contracts.
• The long positions in the euro rose by 2,030 contracts to +3.7K contracts last week.