Commitment of traders report (COT):

Research
Matt Simpson financial analyst
By :  ,  Market Analyst

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
20230130cotFOREXfx This content will only appear on Forex websites! Read our guide on how to interpret the weekly COT report

 

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.

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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
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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.

 

 

 

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