Week 42, 2026
GBP leads active currency buying as NZD sells
Report date: Tue 20th Oct 26
Released: Fri 23rd Oct 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators leaned into GBP in size this week. NZD sold, but that was the smaller side of the tape.
Top Buyers This Week
GBP
This marks a flip from long liquidation and new shorts last week. New longs and short covering while still net short, +13.59% of the book. Spot was little changed from the report date close (Tue 20 Oct) to the latest price when the report was released (Fri 23 Oct), 0.0%.
CAD
This marks a flip from long liquidation and new shorts last week. New longs and short covering while still net short, +7.3% of the book. Spot continued the buying from the report date close (Tue 20 Oct) to the latest price when the report was released (Fri 23 Oct), +0.4%.
JPY
The book is a crowded long versus the prior 52 weeks. This marks a flip from new shorts last week. New longs and short covering while net long, +5.92% of the book. Spot continued the buying from the report date close (Tue 20 Oct) to the latest price when the report was released (Fri 23 Oct), +0.9%.
CHF
New longs and short covering while still net short, +5.1% of the book.
EUR
New longs while still net short, +0.52% of the book.
The full positioning table is for Premium members
Contracts, week-to-week changes, and 52-week crowding — the same depth as the commodity digest.
Top Sellers This Week
NZD
This is a second week of long liquidation and new shorts while still net short, -11.58% of the book. Spot did not continue the selling from the report date close (Tue 20 Oct) to the latest price when the report was released (Fri 23 Oct); it moved the other way, +0.4%.
AUD
New shorts while still net short, -3.18% of the book. Spot did not continue the selling from the report date close (Tue 20 Oct) to the latest price when the report was released (Fri 23 Oct); it moved the other way, +0.5%.
The full positioning table is for Premium members
Contracts, week-to-week changes, and 52-week crowding — the same depth as the commodity digest.
US Dollar Index
Broad USD positioning showed short covering while the index continued higher.
| Open Interest | Long | Short |
|---|---|---|
|
-4.7%
(49,800)
|
-0.53%
|
-11.68%
|
Quick Read
GBP posted the week's largest move with new longs and short covering while still net short.
NZD extended long liquidation and new shorts for a second week.
JPY buying continued into a crowded long versus the prior 52 weeks.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
Get this analysis delivered weekly. Sign up to receive the COT Digest in your inbox every Friday.
Week 43, 2026
Week 41, 2026
Week 39, 2026
