Latest Commitment of Traders positions (FX) as at September 26th 2017

CFTC commitment of traders report was released on Friday (29th September) and cover positions up to Tuesday (26th 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 Japanese yen, and the Swiss franc.

Shorts increased:

• Short positions in the Swiss franc increased for a second consecutive week and by 293 contracts that pushed the net position to -1.9K contracts.
• Short positions in the Japanese yen increased for the first time in 10 weeks and by 20,025 contracts that pushed the net position to -71.3K contracts.

Long positions increased:

• The euro registered the biggest increase in the long positions among peers last week as long positions got increased by 25,414 contracts to +88.2K contracts.
• The long position in the Canadian dollar increased for a second consecutive week and by 15,759 contracts, which pushed the net position to +74.6K contracts.
• Long positions in the Mexican peso increased last week and by 6,775 contracts which pushed the net position to +83.7K contracts.
• Long positions in the Australian dollar increased last week and by 4,682 contracts which pushed the net position to +77.2K contracts.
• Long positions in the New Zealand dollar increased last week by 1,383 contracts to +8K contracts.

Position shifted from short to long:

• The short positions in the British pound sterling got decreased in such a fashion that the net position shifted from short to long. Short positions declined by 15,215 contracts which pushed the net position to +5K contracts.