Free data · updated 11 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 at their most net short on New Zealand Dollar in two years
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 16 August 2026. Read contrarian.
- USD/CHF 79% long 79% long
- CAD/CHF 77% long 77% long
- CHF/JPY 28% long 72% short
- AUD/NZD 29% long 71% short
- EUR/JPY 30% long 70% short
- NZD/CHF 68% long 68% long
- NZD/CAD 68% long 68% long
- GBP/USD 36% long 64% short
Speculative positioning
Net position against its own 52 week range, as of 11 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 2y+ | 0th | -33,461 |
| Mexican Peso | Most net-long in 2y+ | 100th | +76,282 |
| Copper | Most net-long in 2y+ | 100th | +79,027 |
| Euro | Most net-short in 1w | 4th | -60,600 |
| Canadian Dollar | Most net-short in 0w | 14th | -92,005 |
| Silver | Most net-short in 1w | 15th | +11,158 |
| Australian Dollar | Most net-long in 2mo | 81st | +48,541 |
| Nikkei 225 | Net long | 66th | +6,551 |
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.