2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBEARISH
Distribution phase — commercials selling Euro FX into speculator demand.
Spec:
40,200
(+7,998)
·
Comm:
-79,054
3Y Percentile31%
Latest Week
Speculator Net
40,200
Commercial Net
-79,054
Small Trader Net
38,854
Long/Short Ratio
1.22
Open Interest
829,377
Total Traders
316
British Pound Futures
BEARISH
2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBEARISH
Distribution phase — commercials selling British Pound into speculator demand.
Spec:
-43,059
(+20,849)
·
Comm:
44,651
3Y Percentile12%
Latest Week
Speculator Net
-43,059
Commercial Net
44,651
Small Trader Net
-1,592
Long/Short Ratio
0.65
Open Interest
283,643
Total Traders
108
Japanese Yen Futures
BEARISH
2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBEARISH
Distribution phase — commercials selling Japanese Yen into speculator demand.
Spec:
-75,102
(-13,364)
·
Comm:
74,143
3Y Percentile39%
Latest Week
Speculator Net
-75,102
Commercial Net
74,143
Small Trader Net
959
Long/Short Ratio
0.57
Open Interest
362,042
Total Traders
144
Canadian Dollar Futures
BEARISH
2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBEARISH
Distribution phase — commercials selling Canadian Dollar into speculator demand.
Spec:
-16,242
(-1,583)
·
Comm:
13,717
3Y Percentile82%
Latest Week
Speculator Net
-16,242
Commercial Net
13,717
Small Trader Net
2,525
Long/Short Ratio
0.83
Open Interest
251,467
Total Traders
120
Australian Dollar Futures
BEARISH
2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBEARISH
Distribution phase — commercials selling Australian Dollar into speculator demand.
Spec:
84,990
(+6,316)
·
Comm:
-111,803
3Y Percentile100%
Latest Week
Speculator Net
84,990
Commercial Net
-111,803
Small Trader Net
26,813
Long/Short Ratio
2.29
Open Interest
289,244
Total Traders
126
USD Index Futures
BULLISH
2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBULLISH
Commercials accumulating USD Index while speculators exit — smart money positioning bullish.
Spec:
3,187
(+2,494)
·
Comm:
-4,655
3Y Percentile55%
Latest Week
Speculator Net
3,187
Commercial Net
-4,655
Small Trader Net
1,468
Long/Short Ratio
1.2
Open Interest
32,108
Total Traders
103
Mexican Peso Futures
BEARISH
2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBEARISH
Distribution phase — commercials selling Mexican Peso into speculator demand.
Spec:
64,090
(+1,963)
·
Comm:
-68,741
3Y Percentile44%
Latest Week
Speculator Net
64,090
Commercial Net
-68,741
Small Trader Net
4,651
Long/Short Ratio
3.19
Open Interest
188,631
Total Traders
172
Swiss Franc Futures
BULLISH
2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBULLISH
Commercials accumulating Swiss Franc while speculators exit — smart money positioning bullish.
Spec:
-36,197
(-1,676)
·
Comm:
44,280
3Y Percentile27%
Latest Week
Speculator Net
-36,197
Commercial Net
44,280
Small Trader Net
-8,083
Long/Short Ratio
0.13
Open Interest
94,743
Total Traders
49
NZ Dollar Futures
BEARISH
2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBEARISH
Distribution phase — commercials selling NZ Dollar into speculator demand.
Spec:
-39,150
(+9,101)
·
Comm:
41,517
3Y Percentile21%
Latest Week
Speculator Net
-39,150
Commercial Net
41,517
Small Trader Net
-2,367
Long/Short Ratio
0.23
Open Interest
86,227
Total Traders
93
Brazilian Real Futures
BEARISH
2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBEARISH
Distribution phase — commercials selling Brazilian Real into speculator demand.
Spec:
68,553
(+1,756)
·
Comm:
-73,165
3Y Percentile99%
Latest Week
Speculator Net
68,553
Commercial Net
-73,165
Small Trader Net
4,612
Long/Short Ratio
3.73
Open Interest
132,278
Total Traders
114
South African Rand Futures
BEARISH
2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBEARISH
Distribution phase — commercials selling South African Rand into speculator demand.
Spec:
7,115
(+1,241)
·
Comm:
-9,165
3Y Percentile57%
Latest Week
Speculator Net
7,115
Commercial Net
-9,165
Small Trader Net
2,050
Long/Short Ratio
4.04
Open Interest
23,330
Total Traders
49
How to Read COT Data
Speculators (Non-Commercial)
Hedge funds, CTAs, and momentum traders. They follow trends and amplify moves. When their positioning reaches extremes, it often signals the trend is crowded and vulnerable to reversal.
Commercials (Hedgers)
Producers, refiners, and consumers who use futures to hedge their business. They tend to be contrarian — selling into rallies and buying dips. At extremes, they're historically on the right side.
The Percentile Bar
Shows where current speculator positioning ranks vs. the past 3 years. Above 80% = historically bullish, below 20% = historically bearish. Extremes (top/bottom 10%) are the highest-signal readings.
What To Watch For
The best signals come from extreme positioning + divergence: when speculators are max long but commercials are max short, it often precedes a reversal. The weekly change shows who's adding or liquidating.
Source: U.S. Commodity Futures Trading Commission (CFTC) Commitments of Traders reports. Data is published weekly with a 3-day lag.
