• Latest commitment of traders positions (fx) as at March 13th 2018

    Source: FxWire Pro - Commentary / 19 Mar 2018 03:12:21   Eastern Standard Time

    CFTC commitment of traders report was released on Friday (16th March) and cover positions up to Tuesday (13th March). 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 a crucial picture of 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, the Australian dollar, the New Zealand dollar, and the Swiss franc.

    Short positions decreased:

    • Short positions in the yen declined for a fourth consecutive week by 7,306 contracts that pushed the net positions to -79.5K contracts.
    • Short positions in the Swiss Franc declined for a second straight week and by 1,905 contracts to -6.5K contracts.

    Long positions decreased:

    • Long positions in the Canadian dollar declined for the fifth consecutive week and by 145 contracts to +19.4K contracts.

    Position shifted from long to short:

    • The long positions decreased in such a fashion that the net position in New Zealand dollar turned from long to short. Last week net longs decreased by 2,846 contracts that led to a net position of -2.8K contracts.
    • The long positions decreased in such a fashion that the net position in Australian dollar turned from long to short. Last week net longs decreased by 3,914 contracts that led to a net position of -0.8K contracts.

    Long positions decreased:

    • The long positions in the Mexican Peso rose last week and by 3,645 contracts to +86.9K contracts.
    • Long positions in the euro rose last week and by 13,408 contracts to +146.4K contracts.
    • The long positions in the British pound sterling rose last week and by 2,763 contracts to +8K contracts.