CFTC commitment of traders report was released on Friday (8th February) and cover positions up to Tuesday (8th January). 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. Data delayed sue to U.S. govt. shutdown.
Market participants are net short in all currencies against the dollar except the Mexican peso.
Short positions decreased:
- The short positions in the Swiss franc declined by 2,344 contracts to -26.3K contracts.
- The short positions in the euro declined by 6,115 contracts to -40.5K contracts.
- The short positions in the Japanese yen declined sharply by 27,039 contracts to -61.3K contracts.
Short positions increased:
- The short positions in the Australian dollar rose for the first time in 10 weeks and by 11,484 contracts that pushed the net position to -37.8K contracts.
- The short positions in the British pound sterling rose by 3,178 contracts to -60K contracts.
- The short positions in the Canadian dollar rose sharply by 15,353 contracts to -66K contracts.
Long position decreased:
- The long positions in the Mexican Peso declined sharply by 21,210 contracts to 31K contracts.
Position shifted from long to short:
- The long positions in the New Zealand dollar declined by 3,500 contracts to -1.5K contracts.