Net non-commercial positioning by currency
| Currency | Net Non-Commercial | Long % | Open Interest | Report Date |
|---|---|---|---|---|
| Japanese Yen | 120,424 | 66.9% | 581,281 | 2026-09-15T00:00:00.000 |
| British Pound | -61,290 | 34.8% | 336,070 | 2026-09-15T00:00:00.000 |
| Euro | -58,217 | 43.3% | 1,040,974 | 2026-09-15T00:00:00.000 |
| Australian Dollar | -40,272 | 42.4% | 508,260 | 2026-09-15T00:00:00.000 |
| Canadian Dollar | -38,873 | 39.6% | 374,822 | 2026-09-15T00:00:00.000 |
| Swiss Franc | -31,338 | 28.1% | 182,847 | 2026-09-15T00:00:00.000 |
| New Zealand Dollar | 9,965 | 59.1% | 145,144 | 2026-09-15T00:00:00.000 |
What this is
Every week, the CFTC publishes a Commitment of Traders (COT) report breaking down open currency futures positions by trader type: commercial hedgers using futures to hedge real business exposure, versus non-commercial traders, large speculators such as hedge funds and commodity trading advisors, trading for profit rather than to offset an underlying exposure. Aggregating that non-commercial net position, long contracts minus short contracts, across the seven most heavily traded currency futures shows how one-sidedly speculators are currently positioned in each major, which matters because positioning that has run to an extreme in one direction has historically had less fresh buying or selling power left in reserve to extend the same move further. This page shows a delayed snapshot of that non-commercial net position for the euro, yen, pound, Canadian dollar, Australian dollar, Swiss franc, and New Zealand dollar, ranked by how stretched each currency's positioning currently is.
How to read it
Each currency's row is drawn straight from the CFTC's weekly futures-only report: the net non-commercial figure is long contracts minus short contracts held by large speculators, long percentage is the share of long-plus-short non-commercial contracts sitting on the long side, and open interest is the total contracts outstanding across every trader type in that currency's futures market. The report reflects positions as of the prior Tuesday and isn't published until the following Friday, so every reading here is several days old by construction, a lag built into the report itself rather than into how often this page refreshes. Because the CFTC only issues this report once a week, the underlying numbers only change on that same weekly cadence, even though the page is checked several times a day for a fresh release, so a currency's positioning can sit at an unchanged reading for days without any new information suggesting it's about to reverse. This covers futures-market speculative positioning only, not spot, forward, or options exposure in the same currency, and it says nothing about why any single fund built its position, only how the aggregate across all of them currently stands.
FAQ
What is the CFTC Commitment of Traders report?
A weekly release from the CFTC breaking down open futures positions by trader type: commercial hedgers versus non-commercial large speculators. This page shows the non-commercial net position for each of the 7 major currencies, the figure most traders watch as a positioning gauge.
Why are the currencies ranked by how "stretched" positioning is, rather than alphabetically?
Sorting by the size of each currency's net non-commercial position, longest or shortest first, puts the reading most likely to matter for a contrarian read at the top, instead of requiring a reader to scan all 7 rows for the extreme.
How current is this data?
The CFTC report reflects positions as of the prior Tuesday and isn't published until the following Friday, so every reading is several days old by construction, not a live figure. This page's own refresh schedule doesn't shorten that built-in lag.
Does an extreme net position mean a reversal is coming?
No. Positioning that's run to an extreme has historically had less fresh buying or selling power left in reserve to extend the same move further, but it can sit at an extreme for months without reversing. Treat it as a standing condition to watch, not a timing signal.
Related terms & tools
Further reading
Informational only, not investment advice. Figures on this page are delayed by approximately 1440 minutes, truncated to the top 7 rows, and refreshed periodically. They are not a real-time feed and are not affiliated with any exchange. For live, full-depth data across equities, crypto, forex, options, and macro, see the OpticAlpha terminal.