Forex COT Report: currency futures positioning
12 currency markets · CFTC Legacy, Futures Only · report of Nov 3, 2026Released · positions as of
In the forex COT report of Nov 3, 2026, large speculators (Non-Commercial) were net long in 5 of the 12 currency markets in that report (South African Rand, US Dollar Index, Japanese Yen, Brazilian Real, and Mexican Peso) and net short in 7 (New Zealand Dollar, Australian Dollar, British Pound, Euro FX and 3 more). Relative to open interest, their largest net position was in New Zealand Dollar (net short 60,015 contracts, 45.3% of open interest) and their largest weekly move in British Pound, where the net shrank by 19,593 contracts.
Forex COT data by market
COT Premium: switch these positions to Futures & Options Combined.
| Non-Commercial (Large Speculators) | Commercial (Hedgers)Hedging, not price speculation. On financial futures, Commercials are mostly dealers, banks and other institutions offsetting the exposure of their own business. Their net short or net long is mostly that offsetting, not a view on where the price is going. | ||||||
|---|---|---|---|---|---|---|---|
| Market | Net Positions | Weekly Change | % of OI | Net Positions | Open Interest | Table | Chart |
| Euro FX COT Report | NET SHORT-157,791 | -13,897 | -18.0% | NET LONG+124,851 | 876,122+7,934 | Table | Chart |
| Japanese Yen COT Report | NET LONG+102,321 | +730 | +26.9% | NET SHORT-103,167 | 380,641+6,615 | Table | Chart |
| Canadian Dollar COT Report | NET SHORT-41,775 | +24,649 | -12.0% | NET LONG+49,384 | 348,660-12,281 | Table | Chart |
| British Pound COT Report | NET SHORT-59,821 | +19,593 | -24.4% | NET LONG+68,999 | 245,590-8,347 | Table | Chart |
| Australian Dollar COT Report | NET SHORT-129,457 | -1,142 | -39.4% | NET LONG+112,683 | 328,599+3,591 | Table | Chart |
| Mexican Peso COT Report | NET LONG+18,017 | -2,826 | +6.4% | NET SHORT-18,261 | 283,227+3,868 | Table | Chart |
| Brazilian Real COT Report | NET LONG+46,033 | +13,147 | +26.5% | NET SHORT-52,780 | 173,606+4,868 | Table | Chart |
| Swiss Franc COT Report | NET SHORT-16,589 | +3,460 | -12.5% | NET LONG+29,792 | 133,162-2,327 | Table | Chart |
| New Zealand Dollar COT Report | NET SHORT-60,015 | -2,325 | -45.3% | NET LONG+62,729 | 132,550+3,497 | Table | Chart |
| US Dollar Index COT Report | NET LONG+14,190 | +69 | +28.9% | NET SHORT-16,414 | 49,091+828 | Table | Chart |
| South African Rand COT Report | NET LONG+11,146 | -1,690 | +30.6% | NET SHORT-12,508 | 36,472-1,324 | Table | Chart |
| EUR/GBP COT Report | NET SHORT-2,487 | -1,144 | -5.7% | NET SHORT-4,945 | 43,306-1,660 | Table | Chart |
Source: the CFTC’s Legacy Commitments of Traders report, Futures Only. Large speculators = Non-Commercial, hedgers = Commercial. Each market is read from its own latest report, and contracts are never added up across markets, because every contract has its own size. The TFF report splits the same traders into four groups, so the Non-Commercial net here and the net of the leveraged funds can differ, even by side.
These are the 12 currency markets. The full list of 350+ markets:COT Report Simplified
Forex COT report of Nov 3, 2026: what changed
Largest weekly moves
Large speculators’ net change relative to open interest
- British Pound+19,5938.0% of OI
- Brazilian Real+13,1477.6% of OI
- Canadian Dollar+24,6497.1% of OI
The largest weekly move relative to open interest was in British Pound: the large speculators’ net short position shrank by 19,593 contracts (8.0% of open interest). Euro FX: large speculators held their largest net short position of the last 520 weekly reports. Australian Dollar: large speculators held their largest net short position of the last 520 weekly reports. Commercials (hedgers) were net short in 6 of the 12 markets. On financial futures, Commercials are mostly dealers, banks and other institutions offsetting the exposure of their own business. Their net short or net long is mostly that offsetting, not a view on where the price is going.
More COT Report Formats
What the Forex COT report covers
This page gathers the currency markets the CFTC reports every week: the euro, the Japanese yen, the British pound, the Swiss franc, the Canadian, Australian and New Zealand dollars, the Mexican peso, the Brazilian real and the South African rand, plus the euro against the pound and the US Dollar Index. Most trade on the Chicago Mercantile Exchange, priced in US dollars per unit of the foreign currency, so a net long in yen futures is a position on the yen against the dollar. The Dollar Index, listed on ICE Futures U.S., works the other way round: it measures the dollar against a basket of major currencies led by the euro.
In the Legacy report, the Commercial group holds the traders the CFTC classes as hedging a currency exposure of their business: mostly banks and dealers that make markets in foreign exchange, along with companies covering income, costs or holdings in another currency. The Non-Commercial group, the large speculators, collects hedge funds, commodity trading advisers and other large traders that are not hedging. Most foreign exchange trades away from exchanges, so these futures are one slice of the currency world: the slice the regulator counts.
We show the Legacy report, Futures Only, because it is free for every visitor and reads the same way for each currency. The CFTC also publishes the Traders in Financial Futures report (TFF) for these markets, dividing the same open interest among dealers, asset managers, leveraged funds and other reportables. On this site the TFF tables are part of Premium.
Go deeper
Traders in Financial Futures (TFF) COT Premium: dealers, asset managers and leveraged fundsHow to Read COT ReportsFree: what every column means, net positions and a quick FAQCOT IndexFree: the net position as a 0-100 oscillator over several lookback windowsCOT Data ChartsFree: positions against price and open interest, with years of historyForex COT report: common questions
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Are large speculators long or short currency futures this week?
In the forex COT report of Nov 3, 2026, large speculators (Non-Commercial) were net long in 5 of the 12 currency markets in that report (South African Rand, US Dollar Index, Japanese Yen, Brazilian Real, and Mexican Peso) and net short in 7 (New Zealand Dollar, Australian Dollar, British Pound, Euro FX and 3 more).
Which market holds the largest net long and the largest net short position of large speculators in currency futures?
In the COT report of Nov 3, 2026, the largest net long position of the large speculators (Non-Commercial) was in South African Rand: 11,146 contracts, 30.6% of open interest. They have been net long there in each of the last 13 weekly reports. The largest net short position was in New Zealand Dollar: 60,015 contracts, 45.3% of open interest. It is their largest net short position since Jul 14, 2026. The comparison uses each market’s share of its own open interest, because contract sizes differ from one market to another.
Which market had the largest weekly change in currency futures this week?
The largest weekly move relative to open interest was in British Pound: the large speculators’ net short position shrank by 19,593 contracts (8.0% of open interest). The weekly change compares the COT report of Nov 3, 2026 with the report of the week before, measured against each market’s own open interest.
In how many currency futures markets are the Commercials (hedgers) net short this week?
In the COT report of Nov 3, 2026, Commercials (hedgers) were net short in 6 of the 12 markets. On financial futures, Commercials are mostly dealers, banks and other institutions offsetting the exposure of their own business. Their net short or net long is mostly that offsetting, not a view on where the price is going.
Which COT report covers currency futures?
This page uses the CFTC’s Legacy report (Futures Only), free for every visitor: it splits each market into large speculators (Non-Commercial), hedgers (Commercial) and small traders (Non-Reportable). For currency futures the CFTC also publishes the Traders in Financial Futures report (TFF), which splits the same traders into dealers, asset managers, leveraged funds and other reportables. On this site the TFF tables are part of Premium.
Who are the Commercials and the Non-Commercials in currency futures?
In the Legacy report, the Commercial group holds the traders the CFTC classes as hedging a currency exposure of their business: mostly banks and dealers that make markets in foreign exchange, along with companies covering income, costs or holdings in another currency. The Non-Commercial group, the large speculators, collects hedge funds, commodity trading advisers and other large traders that are not hedging. Most foreign exchange trades away from exchanges, so these futures are one slice of the currency world: the slice the regulator counts.
When does the next COT report for currency futures come out?
The CFTC publishes the COT report every Friday at 3:30 PM Eastern Time, with the positions held at the close of the Tuesday of the same week. When a US federal holiday falls on the Wednesday, Thursday or Friday of that week, the release moves to the next business day, usually the Monday after; a Monday holiday does not delay it.
Where can I see the COT history of currency futures for free?
Every market on this page links to its COT table (Legacy report, Futures Only), where every visitor sees the last 6 months (26 weekly reports); a free account opens up to 10 years. Each market’s COT chart shows up to 10 years of weekly positions to everyone, no account needed.
Where can I find the forex COT report?
Right here: this page is the forex COT report of COT-Reports.com, free for every visitor. It covers the 12 currency markets the CFTC reports every week (Euro FX, Japanese Yen, Canadian Dollar, British Pound, Australian Dollar, Mexican Peso, Brazilian Real, Swiss Franc, New Zealand Dollar, US Dollar Index, South African Rand, and EUR/GBP), with the net positions of the large speculators (Non-Commercial) and the hedgers (Commercial) from the latest Legacy report (Futures Only), refreshed with every weekly CFTC release. In the table, each market’s name opens its own COT report page, such as the Euro FX COT report.