The latest Commitment of Traders (COT) report, released on September 4, 2026, indicates notable changes in the positioning of non-commercial traders, often referred to as large speculators, across various major currencies. These shifts, particularly when reaching extremes, can sometimes precede significant market movements, making them a point of interest for retail forex and CFD traders who often look for indications of potential trend reversals or continuations.
Looking at the Commercial COT Index, which measures commercial traders' current net positioning relative to their 52-week range, several currencies stood out. The Canadian Dollar (CAD) registered a high index reading of 91, signaling that commercial traders are near their most bullish stance over the past year. Concurrently, large speculators held a net short position of -31,345 contracts, which saw a weekly increase of 7,377 short contracts. Over the preceding four weeks, the CAD appreciated by 0.58%.
The Japanese Yen (JPY) also showed a high Commercial COT Index at 88. Large speculators were net short by -96,547 contracts, a position that grew by 5,988 contracts during the week. The JPY experienced a modest gain of 0.21% over the past four weeks. Similarly, the New Zealand Dollar (NZD) recorded an index of 85, with large speculators net short by -17,233 contracts, adding 2,109 to their short exposure. The NZD saw a 0.74% decline in price over the four-week period.
Notable Positioning Extremes
- Euro (EUR): Commercial Index at 83. Large speculators were net long with 54,988 contracts, increasing their long exposure by 1,844 contracts. The EUR gained 0.32% in the last four weeks.
- Australian Dollar (AUD): Commercial Index at 79. Large speculators held a net short position of -57,201 contracts, adding 1,563 to their short side. The AUD depreciated by 0.65% over the four-week period.
- British Pound (GBP): Commercial Index at 75. Large speculators were net long by 26,450 contracts, an increase of 2,305 long positions. The GBP saw a 0.45% appreciation in price over the last four weeks.
On the opposite end of the spectrum, the Swiss Franc (CHF) displayed a low Commercial COT Index of 12. Large speculators were net short by -7,890 contracts, reducing their short exposure by 1,211 contracts week-over-week. The CHF had depreciated by 0.88% in the four weeks prior. The Mexican Peso (MXN) also registered a low index of 14, with large speculators net long by 64,213 contracts, a decrease of 1,780 long positions. The MXN had gained 0.92% over the same four-week period.
These figures provide a snapshot of institutional sentiment and positioning, which can be a valuable data point for traders monitoring market dynamics without offering direct trading signals.
📰 Based on reporting from: FXStreet →