About
The Commitments of Traders (COT) are based on CoT reports which are published by the CFTC each Friday on 19:30 GMT. Each CoT report includes a breakdown of each Tuesday’s open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. There are several reasons why CoT charts provide valuable information about changes in the position commitments of traders:
- Flips in the overall positioning may be an accurate trending indicator
- Extreme positioning has historically been accurate in identifying FX market reversals
- Changes in overall number of contracts can be used to determine strength of trend
As the U.S. dollar is a secondary currency of all futures contracts, the CoT chart for EUR represents statistics for EUR/USD. In a similar manner, the CoT chart for CHF represents statistics for CHF/USD. The full list of the currency pairs includes: EUR, GBP, JPY, CHF, AUD, and NZD.