💱 Currencies Futures Positioning
CFTC weekly report · Report Date: 2026-07-21
Euro FX Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating Euro FX while speculators exit — smart money positioning bullish.
Spec:
-41,338
(-28,733)
·
Comm:
17,975
3Y Percentile
10%
Latest Week
Speculator Net
-41,338
Commercial Net
17,975
Small Trader Net
23,363
Long/Short Ratio
0.84
Open Interest
800,061
Total Traders
326
British Pound Futures
BEARISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BEARISH
Distribution phase — commercials selling British Pound into speculator demand.
Spec:
-55,561
(+15,692)
·
Comm:
56,299
3Y Percentile
14%
Latest Week
Speculator Net
-55,561
Commercial Net
56,299
Small Trader Net
-738
Long/Short Ratio
0.54
Open Interest
262,281
Total Traders
104
Japanese Yen Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating Japanese Yen while speculators exit — smart money positioning bullish.
Spec:
-152,125
(-29,462)
·
Comm:
154,898
3Y Percentile
6%
Latest Week
Speculator Net
-152,125
Commercial Net
154,898
Small Trader Net
-2,773
Long/Short Ratio
0.41
Open Interest
423,796
Total Traders
176
Canadian Dollar Futures
SQUEEZE2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
SQUEEZE
Short squeeze in Canadian Dollar — specs covering extreme short positions. Commercials accumulating Canadian Dollar while speculators exit — smart money positioning bullish.
Spec:
-174,448
(+1,831)
·
Comm:
187,001
3Y Percentile
8%
Latest Week
Speculator Net
-174,448
Commercial Net
187,001
Small Trader Net
-12,553
Long/Short Ratio
0.13
Open Interest
365,599
Total Traders
136
Australian Dollar Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating Australian Dollar while speculators exit — smart money positioning bullish.
Spec:
-37,685
(-6,975)
·
Comm:
16,087
3Y Percentile
66%
Latest Week
Speculator Net
-37,685
Commercial Net
16,087
Small Trader Net
21,598
Long/Short Ratio
0.64
Open Interest
225,153
Total Traders
105
USD Index Futures
BEARISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BEARISH
Distribution phase — commercials selling USD Index into speculator demand.
Spec:
15,614
(+2,441)
·
Comm:
-18,347
3Y Percentile
81%
Latest Week
Speculator Net
15,614
Commercial Net
-18,347
Small Trader Net
2,733
Long/Short Ratio
1.88
Open Interest
53,953
Total Traders
142
Mexican Peso Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating Mexican Peso while speculators exit — smart money positioning bullish.
Spec:
71,699
(-1,256)
·
Comm:
-75,494
3Y Percentile
58%
Latest Week
Speculator Net
71,699
Commercial Net
-75,494
Small Trader Net
3,795
Long/Short Ratio
3.05
Open Interest
201,335
Total Traders
172
Swiss Franc Futures
BEARISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BEARISH
Distribution phase — commercials selling Swiss Franc into speculator demand.
Spec:
-34,242
(+2,714)
·
Comm:
48,269
3Y Percentile
39%
Latest Week
Speculator Net
-34,242
Commercial Net
48,269
Small Trader Net
-14,027
Long/Short Ratio
0.22
Open Interest
107,866
Total Traders
56
NZ Dollar Futures
SQUEEZE2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
SQUEEZE
Short squeeze in NZ Dollar — specs covering extreme short positions. Distribution phase — commercials selling NZ Dollar into speculator demand.
Spec:
-49,969
(+12,797)
·
Comm:
52,623
3Y Percentile
9%
Latest Week
Speculator Net
-49,969
Commercial Net
52,623
Small Trader Net
-2,654
Long/Short Ratio
0.15
Open Interest
108,800
Total Traders
105
Brazilian Real Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating Brazilian Real while speculators exit — smart money positioning bullish.
Spec:
35,537
(+2,780)
·
Comm:
-39,038
3Y Percentile
64%
Latest Week
Speculator Net
35,537
Commercial Net
-39,038
Small Trader Net
3,501
Long/Short Ratio
1.79
Open Interest
110,652
Total Traders
108
South African Rand Futures
BULLISH2-year weekly history · Speculator, commercial, and small trader positioning
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Flow Signal
BULLISH
Commercials accumulating South African Rand while speculators exit — smart money positioning bullish.
Spec:
7,461
(-455)
·
Comm:
-9,409
3Y Percentile
56%
Latest Week
Speculator Net
7,461
Commercial Net
-9,409
Small Trader Net
1,948
Long/Short Ratio
2.62
Open Interest
27,605
Total Traders
44
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.