CFTC commitment of traders report was released on Friday (2nd March) and cover positions up to Tuesday (27th February). 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.
Market participants are net long in all currencies against the dollar except the Japanese yen, and the Swiss franc.
Long positions increased:
- Long positions in the euro rose last week and by 11,851 contracts to +138K contracts.
- The long positions in the British pound sterling rose last week by 4,884 contracts to =12.7 K contracts.
Short positions decreased:
- Short positions in the yen declined for a second consecutive week by 11,687 contracts that pushed the net positions to -96.6K contracts.
Long positions decreased:
- The long positions in the Mexican Peso declined for the second consecutive week and by 2,314 contracts to +92.5K contracts.
- The long positions in the Australian dollar declined last week and by 2,301 contracts to +9.6K contracts.
- Long positions in the Canadian dollar declined for the third consecutive week and by 907 contracts to +22.2K contracts.
Short positions increased:
- The short positions in the Swiss franc declined by 211 contracts to -16K contracts.
Position shifted from long to short:
- The short positions increased in such a fashion that the net position turned from long to short. Last week net shorts increased by 1,935 contracts that led to a net position of -0.99K contracts.