Latest Commitment of Traders positions (FX) as at September 4th 2018

CFTC commitment of traders report was released on Friday (7th September) and cover positions up to Tuesday (4th 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.

Short positions decreased:

• The short positions in the Australian dollar declined for the fourth consecutive week and by 602 contracts to -44K contracts.
• The short positions in the Canadian dollar rose for a second consecutive week and by 1,518 contracts to -26.3K contracts.
• The short positions in the Swiss franc declined for the second consecutive week by 4,350 contracts to -40.4K contracts.
• The short positions in the British pound sterling rose by 7,315 contracts to -69.6K contracts.  

Short positions increased:

• The short positions in the Japanese yen rose for the first time in six weeks and by 5,891 contracts to -51.9K contracts.
• The short positions in the New Zealand dollar rose last week by 967 contracts to -24.9K contracts.

Long positions decreased:

• The short positions in the Mexican Peso declined for the fourth consecutive week and by 6,818 contracts to +12.5K contracts.

Position shifted from short to long:

• The net long positions rose in such a fashion that the net position shifted from short to long. The long positions rose by 15,182 contracts to +7.9K contracts.