Free data · updated 25 August 2026
Where the crowd is most one-sided right now.
Speculative positioning and retail crowding across FX, gold, metals and indices. Each market is measured against its own 52 week range, so an extreme here is comparable to an extreme anywhere else on the board.
This describes where positioning sits in its own recent history. It is not a price forecast and it is not advice.
The standout
Speculators are near their most net short on New Zealand Dollar in recent weeks
Speculative positioning at a range extreme is one of the oldest contrarian tells in markets. This describes where positioning sits in its own recent history, not where price is headed.
Retail crowding
Where the retail book is most lopsided, as of 30 August 2026. Read contrarian.
- USD/CHF 83% long 83% long
- AUD/CAD 21% long 79% short
- CAD/CHF 79% long 79% long
- CHF/JPY 22% long 78% short
- AUD/JPY 23% long 77% short
- AUD/NZD 26% long 74% short
- NZD/CHF 74% long 74% long
- EUR/JPY 27% long 73% short
Speculative positioning
Net position against its own 52 week range, as of 25 August 2026. 80th percentile and above reads crowded long, 20th and below crowded short.
| Market | Reading | Percentile | Net position |
|---|---|---|---|
| New Zealand Dollar | Most net-short in 1w | 3rd | -31,994 |
| Copper | Most net-long in 0w | 97th | +76,271 |
| Mexican Peso | Most net-long in 1w | 92nd | +68,904 |
| Australian Dollar | Most net-long in 3mo | 86th | +54,061 |
| Silver | Net long | 21st | +14,073 |
| Euro | Net short | 22nd | -38,359 |
| Japanese Yen | Net short | 25th | -77,042 |
| British Pound | Net long | 73rd | +47,909 |
Reading this properly
A crowded market is not a timing signal.
Positioning can sit at an extreme for months. What it tells you is how much of the move is already owned, which changes the risk on a trade rather than the direction of it.
Inside the terminal, retail crowding is folded into the composite score as a contrarian input carrying 10%, and positioning carries a further 18% split across level and weekly flow.
- Measured againstIts own 52 week range
- Crowded long80th percentile and above
- Crowded short20th percentile and below
- Retail is readContrarian
- UpdatedWeekly, with the print
Every market, not just the extremes
This is the top of the list. The terminal has all 44.
Long and short split, net position, weekly change and the 52 week percentile on every tracked market, with the history behind each one. 12 boards free, no card.