COT report: speculative positioning by currency
The Commitments of Traders report is the only public, weekly account of how large speculators are positioned in currency and gold futures. This hub summarises the latest net position for each market and links to a dedicated page per currency with the weekly change, the long-short split and the full stored history.
- US dollar COT — Speculative positioning in the US Dollar Index futures (DX).
- Euro COT — Speculative positioning in CME Euro FX futures (6E).
- British pound COT — Speculative positioning in CME British Pound futures (6B).
- Japanese yen COT — Speculative positioning in CME Japanese Yen futures (6J).
- Swiss franc COT — Speculative positioning in CME Swiss Franc futures (6S).
- Canadian dollar COT — Speculative positioning in CME Canadian Dollar futures (6C).
- Australian dollar COT — Speculative positioning in CME Australian Dollar futures (6A).
- New Zealand dollar COT — Speculative positioning in CME New Zealand Dollar futures (6N).
- Gold COT — Speculative positioning in COMEX Gold futures (GC).
- COT vs retail sentiment — Institutional futures positioning next to retail trader sentiment, pair by pair.
01 —— Latest net positioning across markets
What the COT report is
Every week the US Commodity Futures Trading Commission publishes who holds what in regulated futures markets, split into commercial hedgers and non-commercial speculators. The speculative category is the part traders watch: it shows whether funds are net long or net short each currency, and how that exposure is changing.
The data is as of Tuesday and released on Friday, so it is always a few days old when you see it. That lag is the price of the report's unique value: there is no other public source that shows actual positioning rather than opinion.
How to read currency futures positioning
Currency futures are quoted in US dollars per unit of the foreign currency. A net long position in euro, pound, aussie or kiwi futures is a direct bullish lean on EURUSD, GBPUSD, AUDUSD or NZDUSD. For the yen, Swiss franc and Canadian dollar the same rule applies but the pairs are quoted the other way: net long yen, franc or loonie futures is a bearish lean on USDJPY, USDCHF or USDCAD. Every page and table on this site applies that flip and says so in plain English.
The level matters less than the context around it: how the position changed this week, and where it sits within its recent range. A position at the edge of its stored range is crowded, and crowded trades are vulnerable to squeezes — but they can also run for weeks, so treat extremes as a risk note, not a reversal signal.
What StraviaX does with it
Inside StraviaX, COT positioning shapes the conviction label on a pair read — whether the macro view, retail sentiment, seasonality and institutional positioning agree. It never drives the headline macro score. These pages show the underlying public data; the per-pair conviction reads remain part of the subscription.
How StraviaX calculates this
The figures come from the CFTC Commitments of Traders report, non-commercial (speculative) positions in the listed futures contract. The data is as of Tuesday and published on Friday; this page shows both dates and flags the data as delayed when the latest report is more than ten days old.
The range position compares the current net position only with the history StraviaX has stored (since January 2026; gold since May 2026). It is labelled honestly — "within its range since January 2026" — and is never described as a one-year or three-year extreme until the stored history covers that span.
Inside StraviaX, COT positioning shapes the conviction label on a pair read. It never drives the headline macro score, which is built from rates, growth, inflation, spending, labour data and data surprises.
Frequently asked questions
What is the COT report in forex?
A weekly CFTC publication showing how commercial hedgers and non-commercial speculators are positioned in futures markets, including every major currency and gold. It is the only public source of actual positioning.
When does the COT report come out?
Every Friday at 3:30pm Eastern, covering positions as of the previous Tuesday. Releases are occasionally postponed; when the latest report is more than ten days old these pages say the data is delayed.
Is COT data a leading indicator?
Not reliably. It shows what speculators already hold, which is context for how crowded a move is. Extremes warn of squeeze risk but do not time reversals.
Why does net long yen mean bearish USDJPY?
Yen futures are priced in dollars per yen, so a long futures position profits when the yen rises — which means USDJPY falls. The same inversion applies to the Swiss franc and Canadian dollar contracts.
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For information only, not investment advice. See the disclaimer.