COT Report Highlights From 24 June 2025
Traders ramped up bearish bets on the USD while the NZD flipped net-long for the first time since October, COT data shows.
Share this:
Weekly Market Positioning Overview – COT Report Highlights (24 June 2025)
• US Dollar (USD): Traders were effectively net-short the US dollar by $21 billion last week (a 5-year high)
• European dollar (EUR): Large speculators increased net-long exposure by 9.6k contracts, with longs rising 1.3% (2.9k contracts) and shorts falling by -5.5% (-6.6k contracts)
• British pound (GBP): Net-long exposure declined by -8.5k contracts, with gross-longs falling -6.1% (-6.4k contracts) and shorts rising 3.2% (2k contracts)
• Japanese yen (JPY): Net-long exposure was effectively flat at 132.3k contracts long
• Australian dollar (AUD): Net-short exposure rose by 3.2k contracts, though gross-longs rise by -9% (2k contracts) and shorts increased by (5.8%) 5.2k contracts
• Canadian dollar (CAD): Gross-shorts fell by -17% (-16.1k contracts), making it the third consecutive week of short covering form CAD bears
• Swiss franc (CHF): Net-short exposure increased by ~10k contracts between large speculators and asset managers
• New Zealand dollar (NZD): Flipped to net-long exposure for the first time since October and to an 11-month high, with gross-longs rising 27% (4k contracts)
• Gold (GC): Net-log exposure fell by -5.4k contracts, with gross-shorts rising by 4.2% (1.6k contracts)
• Silver (SI): Net-long exposure by down by -4.3k contracts, though speculative volumes were lower with longs falling -5.1% and shorts down -1.3%
• Crude Oil (WTI): Managed funds actually reduced their net-long exposure to crude oil by -.1k contracts last week, ahead of the large selloff
View the full economic calendar
View the full economic calendar
-- Written by Matt Simpson
Follow Matt on Twitter @cLeverEdge
How to trade with City Index
You can trade with City Index by following these four easy steps:
- Open an account, or log in if you’re already a customer
• Open an account in the UK
• Open an account in Australia
• Open an account in Singapore
- Search for the market you want to trade in our award-winning platform
- Choose your position and size, and your stop and limit levels
- Place the trade
Related tags:
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
US Dollar Bulls Return as Euro and Pound Shorts Build | COT Report
US dollar net-longs surged at their fastest pace in seven years as futures traders added bearish exposure to the euro and British pound.
Yen Bulls Bruised by BOJ, But Intervention Could Prove Them Right
Yen bulls were caught out by the BOJ, but record futures longs and rising intervention risk could yet prove their positioning well timed.
Yen Bears Finally Flip, Can US Dollar Bulls Regain Ground? | COT Report
Yen bears finally flip net long as US dollar exposure falls sharply, while CAD shorts continue to unwind ahead of major central bank meetings.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.