COT Digest

Track institutional positioning every week

A short weekly brief on how institutional money is positioned across major markets.

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FX · 30 Oct 2026

CHF positioning reaches a historical extreme

↓ 2.4%

Net short
this week

Highest speculative positioning in the past year

Other notable positioning

JPY ↑ 9.6%
EUR ↓ 1.6%
CAD ↑ 3.0%

5 notable changes · 3 extremes · 1 divergence

Every week, large traders report their positions

Major hedge funds, asset managers and commercial players have to disclose how they are positioned in the futures markets. This data is released publicly every Friday and shows where institutional money is concentrated.

The numbers are public. The context is not.

The raw file is a dense spreadsheet. It does not tell you what changed this week, whether a position is extreme, or how it compares with the past year. Turning it into something usable takes time — unless the work is already done.

  1. 01

    CFTC release

    The public Friday file.

  2. 02

    Clean

    Markets named, numbers structured.

  3. 03

    Compare

    This week versus last week and versus history.

  4. 04

    Score

    Stance, change, and crowding.

  5. 05

    Interpret

    What moved, and why it is usable.

  6. 06

    Digest

    The 5-minute read, same day.

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An example issue

Headline, a few usable readings, then the table you can come back to.

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Cover image for Yen leads currency buying as franc faces liquidation
Currency

Week 43, 2026

Yen leads currency buying as franc faces liquidation

Good Morning. This is your weekly COT Digest. Speculators leaned into JPY in size this week. CHF also moved on the selling side, but that was the smaller side of the tape.

Top buyer

JPY

The book is a crowded long versus the prior 52 weeks. New longs and short covering while net long, +9.6% of the book. This is a second week of buying. Spot continued the buying from the report date close (Tue 27 Oct) to the latest price when the report was released (Fri 30 Oct), +0.3%.

Top seller

CHF

The book is still net short, but it sits as a crowded long versus the prior 52 weeks. This marks a flip from new longs and short covering last week. Long liquidation while net short, -2.43% of the book. Spot did not continue the selling from the report date close (Tue 27 Oct) to the latest price when the report was rel…

Currency Contracts Long Short This week Book
CHF
Down
Down
Down
Short Short
JPY
Down
Up
Down
Long Long
EUR
Down
Up
Up
Short Short
CAD
Down
Down
Down
Long Short

Premium includes the full figures — contract counts, long and short changes, and 52-week crowding.

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Who is COT Digest for?

Traders with a process

If you already have a strategy and want a clearer view of how large speculators are positioned, this fits beside the work you already do. It does not ask you to change how you trade.

Not a signal service

If you want entries, exits, or someone to tell you what to buy, this is not it. COT Digest frames the market environment. It does not forecast price.

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  • 8 FX markets, including the USD index snapshot
  • Biggest week-to-week positioning changes
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Frequently AskedQuestions

How often is it published?

Once a week, after the CFTC Commitments of Traders release. That is usually Friday. The brief is written to be read in about five minutes.

Which markets are covered?

Free covers major FX futures. Premium is the same product plus gold, silver, copper, crude, natural gas, the main agricultural markets, and historical COT data.

Is this a trading signal?

No. These positions change slowly. They are not entries, exits, or predictions. They provide context for a process you already have.

How is this different from downloading the CFTC data?

The numbers are public. The file is slow to read. COT Digest runs the weekly pipeline — clean, compare, score, interpret — and sends the brief the same day.

Can I cancel?

Yes. The FX Digest is free and you can unsubscribe anytime. Premium can be cancelled from your account; access continues until the end of the billing period.

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