Swiss Franc (CHF) COT Report
Speculative positioning in Swiss Franc (CME) futures, as of Tuesday 3 November 2026.
Net position
-16,589
contracts, net short
Weekly change
+3,460
contracts
Longs / shorts
39%
29,482 long, 46,071 short
52-week percentile
100
Shorts at yearly lowWhat this means
Large speculators are net short Swiss Franc futures by 16,589 contracts. In the latest week their net position changed by +3,460 contracts, towards the long side. Against the past year, positioning scores 100 out of 100. Speculators are still net short, but by less than in at least 90% of the past year's weeks. Shorts have been covered heavily, which often goes with a recovery in the currency.
Swiss franc futures are priced in dollars per franc, so a net long position is a bet on USD/CHF falling.
CHF positioning over the past year
Range over this period: -44,198 to -16,589 contracts.
Recent weeks
| Week of | Long | Short | Net | Change | Percentile |
|---|---|---|---|---|---|
| 3 Nov 2026 | 29,482 | 46,071 | -16,589 | +3,460 | 100 |
| 27 Oct 2026 | 26,254 | 46,303 | -20,049 | -1,899 | 96 |
| 20 Oct 2026 | 29,938 | 48,088 | -18,150 | +3,928 | 100 |
| 13 Oct 2026 | 27,447 | 49,525 | -22,078 | +1,662 | 98 |
| 6 Oct 2026 | 27,818 | 51,558 | -23,740 | +877 | 96 |
| 29 Sep 2026 | 24,828 | 49,445 | -24,617 | +2,135 | 96 |
| 22 Sep 2026 | 22,189 | 48,941 | -26,752 | +2,236 | 90 |
| 15 Sep 2026 | 20,263 | 49,251 | -28,988 | +997 | 77 |
| 8 Sep 2026 | 17,273 | 47,258 | -29,985 | -7,109 | 73 |
| 1 Sep 2026 | 19,912 | 42,788 | -22,876 | -2,930 | 94 |
| 25 Aug 2026 | 19,938 | 39,884 | -19,946 | +7,332 | 96 |
| 18 Aug 2026 | 14,041 | 41,319 | -27,278 | +5,184 | 83 |
Non-commercial (speculative) positions in futures contracts. Source: CFTC Commitments of Traders, Legacy futures-only report. Published here 48 hours after the CFTC release.
CHF pairs
Trend, volatility and squeeze for the pairs this positioning affects.