Swiss franc COT report this week
Where large speculators stand in CME Swiss franc futures (125,000 francs per contract), with the last 52 weeks and what it means for USDCHF. Built from the CFTC report every Friday.
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QR code, size and install stepsThe last 52 weeks
Weekly net position of large speculators (non-commercial longs minus shorts); the dashed line is zero. Positions on 27 Oct 2026, published on 30 Oct 2026.
What it means for USDCHF
USDCHF is quoted the other way round to the future. A net long in franc futures is a position for a stronger franc, which means a lower USDCHF; a net short in francs goes with a higher USDCHF.
The Swiss franc is a safe haven: in market stress money tends to move into francs, and the Swiss National Bank has a long record of pushing back against a franc it sees as too strong. Speculators hold it carefully, so the franc position is usually smaller than the yen or euro position.
When the next report comes out
The CFTC publishes on Friday at 3:30 pm New York time (Fri 6 Nov): that is Sat 7 Nov, 1:30 AM PKT in Pakistan and Sat 7 Nov, 2:00 AM IST in India. The positions it shows are from the Tuesday before.
Get the COT report every Saturday on Telegram → t.me/icccharts
Questions
Why are franc positions smaller than yen or euro positions?
The franc futures market is smaller, and many traders avoid big franc bets because the Swiss National Bank can step in against sharp moves.
How does the Swiss National Bank show up in the position?
Around its quarterly decisions and when it signals action against a strong franc, speculators often cut franc longs quickly; the weekly change then matters more than the level.
Which franc contract does the CFTC report here?
CME Swiss franc futures, 125,000 francs per contract, from the CFTC legacy futures-only report: the non-commercial long and short positions.
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