COT on forex and commodities – Week to 3 November 2026 reports hedge funds cut net long positions by 33% to 783k contracts across 25 futures. Euro shorts hit a ten-year high of 158k contracts (USD 22 bn) and Australian dollar shorts reached a record 129.5k contracts (USD 9 bn).
Key points
Hedge funds were net sellers across all 25 major futures, reducing combined net long by 33% to 783k contracts.
Euro net short rose to a ten-year high of 158k contracts (USD 22 bn).
Sources
NFP report rate markets price 18 bps tightening 73% hike probability
After Friday's hotter-than-expected NFP report, rate markets price just above 18 basis points of tightening for the Dec meeting, indicating about a 73% probability of a hike. Data releases remain before the meeting.
Key points
Rate markets price just above 18 basis points of tightening for the Dec meeting.
Probability of a hike is about 73%.
Sources
Impulse two missions awarded by NASA Moon Base program
Impulse announced NASA awarded it two missions as part of the Moon Base program. The effort aims to establish humanity’s first permanent lunar outpost. The post includes a celebratory quote and excitement about the upcoming work.
Key points
NASA awarded Impulse two missions for the Moon Base program.
The program’s goal is to establish the first permanent lunar outpost.
Sources
Europe to send Germany, France, UK to Abu Dhabi talks
Europe will be represented by officials from Germany, France, the UK, NATO and the EU at peace talks with Russia in Abu Dhabi on November 10. The original format was expected to be trilateral with only Ukraine, Russia and the US.
Key points
Officials from Germany, France, the UK, NATO and the EU will attend.
Talks are scheduled for November 10.