Mon, Mar 27, 2023 @ 20:47 GMT
HomeContributorsFundamental AnalysisCommitment of Traders Report (COT)

Commitment of Traders Report (COT)

Commitment of traders – as of Tuesday 24th January 2023:

  • Net-short exposure to JPY futures were at their least bearish level since March 2021
  • Traders increased their net-short exposure of CHF futures to a 6-week high
  • Gross short exposure to the US 10-year treasury note rose to its highest level since July 2021
  • Net-long exposure to EUR futures remined just below its 2-year high

Commitment of traders – Japanese yen futures (JPY):

We have seen a steady decline of short bets against the yen since October, as trade increasingly suspect the BOJ are moving away from their ultra-loose policy. With the BOJ governor Kuroda set to hand over the reigns and hold his last meeting in March, it’s possible we may see the central bank abandon YCC (yield curve control) and / or negative interest rates. Yet whist gross shorts are now at a 22-month low, we’re yet to see a notable pickup of new long bets.  And that means the yen’s rise of the past three months has seemingly been fuelled by short covering. And we may see some of those bears return if the BOJ refuse to move away from ultra-easy policies.


Commitment of traders – as of Tuesday 24th January 2023:

  • Large speculators were their most bullish on gold futures in 30-weeks
  • Traders increased net-long exposure to heating oil futures to an 8-week high
  • Net-long exposure to copper futures hit a 9-month high
  • Net-long exposure to platinum futures fell to a 1-month low


Commitment of traders FAQs

What is the COT report?

The Commitments of Traders, or COT, report is a weekly publication that shows the aggregate holdings of different participants in the US futures market. It provides a snapshot of trading commitments as of Tuesday of that week in order to increase the transparency of exchanges.

COT reports are used across markets, so you’ll be able to obtain reports on forex, gold, indices and more.

How do you read the Commitments of Traders report?

The Commitments of Traders report is read in tables, in which each row will tell you the market and each column looks at the open interest, long positions and short positions. You’ll also be able to see which actors have taken positions, including dealers, institutions or funds.

The COT is a key data source for traders, as it can provide guidance on whether to go long or short on each market.

What is the COT report release time?

The COT report is released every Friday at 15:30 Eastern Time on the CFTC website. That’s 20:30 GMT or Saturday at 7:30 AEST. We provide up-to-date coverage of the COT report so that you can get expert analysis each week, as quickly as possible.
DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Featured Analysis

Learn Forex Trading