Global Investing FX Terminal — G8 Heatmap + COT + Vol

Global Investing FX Terminal is a web-based tool for G8 FX analysis. No login, no installation, runs entirely in the browser.

What it covers in one screen:

Currency Strength Heatmap — equal-weighted composite across all 28 G8 pairs, live via yfinance (~5min delay). Click any currency cell to expand a full breakdown: 7 direct pairs with intraday % change, impact bar, session range, and correlation matrix across all 8 G8 currencies.

CFTC COT Positioning — weekly Disaggregated TFF data, Leveraged Funds and Asset Managers, for all 8 currencies. Includes net contracts, week-over-week change, % of open interest, and a visual bar showing positioning extremes. Updated every Saturday after CFTC release.

Volatility — HV 30d, ATM implied vol (CBOE/CME FX vol indexes), IV−HV spread, and 25-delta Risk Reversals (Saxo Bank 1M) per pair. Useful for sizing and for reading skew direction before a move.

Retail Sentiment — Myfxbook long/short % with average entry prices per pair. Contrarian overlay.

Macro panel — CB rates, yield spreads, cross-asset (equities, oil, gold, VIX, MOVE).
The idea behind it: most retail traders look at pairs in isolation. The terminal is built around looking at individual currencies first — their composite strength, their institutional positioning, their vol regime — and then identifying the pair where the confluence is strongest.

No subscription, no email required.

→ Global Investing FX Terminal | Professional Forex Dashboard

Happy to answer questions about the methodology or the data sources.

How to Read a Pre-Market Week with the Global Investing FX Terminal

Five central bank decisions in four days — BoJ, FOMC, BoC, BoE, ECB — all landing against the same backdrop: WTI above $94, the Strait of Hormuz under dual blockade, shipping severely disrupted, and US-Iran talks collapsed over the weekend. Every CB this week is navigating the same energy shock. That context matters before opening a single chart.

Here is how the terminal reads the pre-market setup.


G8 Heatmap — Where to focus

The heatmap renders composite currency strength across all 28 pairs simultaneously. Expanding any currency reveals the CSI — accumulated return over the past month. April's read is unambiguous: AUD leads G8 at +2.71% accumulated return; JPY trails at −1.62%. That structural divergence narrows the focus before any further analysis.



COT Panel — What institutions are positioned for

The terminal pulls CFTC Disaggregated TFF data — Leveraged Funds net position, week-over-week delta, Net% of Open Interest, and total OI — all in a single panel. Week ending Apr 21:


JPY short positioning extended −15,269 contracts in a single week going into a BoJ decision. That is the largest weekly increase in short exposure across G8 — and the BoJ is expected to signal a June hike while cutting its growth forecast and revising inflation higher. The conditions for a potential squeeze are visible in the data before the decision lands.


Pair Detail — Retail positioning with average entry prices

Clicking any pair expands an inline strip showing COT, vol, and retail sentiment together. The retail data comes from Myfxbook, updated hourly. What stands out this week:

AUD/USD: 87% of retail traders are short at an average entry of 0.6900. Friday close: 0.7130. The average short is ~230 pips underwater — ahead of Australian CPI on Tuesday (forecast +4.8% y/y vs prior 3.7%) and RBA May 5 — 60% probability of a hike to 4.35% priced. Institutions net long +47K. Retail trapped short. That divergence is worth monitoring at Tuesday's open.


EUR/USD: 70% retail short, average entry 1.1475, price at 1.1726. Meanwhile Asset Managers hold the largest net long in G8 at +309,031 contracts — while Leveraged Funds just flipped net short −8,352 w/w. Two institutional cohorts pulling in opposite directions ahead of ECB Thursday.


Vol Panel — Options skew confirms the asymmetry

The terminal shows 25-delta Risk Reversals from Saxo Bank FX Options Analytics — the standard institutional metric for directional skew, same tenor monitored on professional desks.

AUD/USD RR: −1.00 — most negative in G8. Options pricing maximum downside protection on AUD even as COT and price trend higher. EUR/JPY at −0.92. GBP/USD at −0.74.

The vol panel contextualises what COT and retail sentiment describe: the market is hedging against moves it is not yet positioned for.

Cross-Asset Panel: Risk environment and correlation signals

The terminal's cross-asset panel combines market levels with a Risk Monitor layer — VIX, MOVE Index, volatility regime, and correlation indicators across key pairs.
Current readings: SPX 7,165 · Gold $4,740 · WTI $94.4 · DXY 98.51 · US 10Y 4.31%.

Regime: MIXED — VIX at 18.7 with MOVE at 67.0, both at recent lows. The Risk Monitor flags one unusual signal: USD/JPY vs VIX 60d correlation at +0.51 — classified as Unusual. Historically that relationship runs inverse; when it turns positive, it signals the yen is no longer functioning as a safe-haven — which is precisely the dynamic driving the JPY short crowding visible in the COT panel.

Gold/SPX ratio at 0.662 — Neutral. US-EU 10Y spread at +124bp — USD+. Risk assets are pricing Hormuz resolution. The options market is not. That divergence is the defining tension heading into this week's five decisions.



All data updates automatically. No login, no subscription. → Global Investing FX Terminal | Professional Forex Dashboard

G8 COT + Retail Divergence — Week ending Apr 28 | GBP/JPY, AUD setups

Weekend positioning review — COT week ending Apr 28 + live retail data
Using the terminal to map where speculative positioning sits heading into next week. Data sources: CFTC Disaggregated TFF (Leveraged Funds, options+futures combined) + Myfxbook retail positioning as of May 2.

The clearest structural divergence this week: GBP/JPY
Leveraged funds are net long GBP (+32,637) and net short JPY (−88,543, accelerating for the 3rd consecutive week: −65k → −80k → −88k). That's a combined structural bias favoring GBP/JPY upside from the institutional side.


Retail sits 43% long / 57% short on GBP/JPY — not at an extreme, but with average long entries at 213.17 vs average short entries at 207.82 — mechanically underwater if the pair is trading above that level. A short-side stop cluster above current price is structurally relevant if price continues to advance.

On the macro side: GBP 10Y at 5.09% vs JPY 10Y at 2.41% — the BoJ and the RBA are the only G8 central banks currently in a hiking cycle — while the Fed, BoE, ECB, and others have been cutting. The 268bp yield spread continues to mechanically support GBP/JPY carry.

AUD: institutional longs vs retail extreme short
AUD COT net is +48,299 and has risen for 3 consecutive weeks (41k → 47k → 48k). Asset managers are also net long (+43,311). This is one of the most crowded institutional longs in the G8 right now.

Retail: 10% long / 90% short on AUD/USD, with average retail long entry at 0.7087. Retail longs entered at an average of 0.7087 — any price below that level has them underwater, but the 90% retail short crowd entered at an average of 0.6961, making them the more structurally exposed side at current levels.
The divergence between institutional COT accumulation and extreme retail short positioning is the setup here.



EUR: fastest deterioration this week
EUR went from nearly flat COT (−72 net three weeks ago) to −18,293 this week — a −18k swing in 3 weeks. Leveraged funds are building EUR shorts at the fastest pace in the current cycle. EUR/USD retail is 36% long / 64% short, so retail is aligned with the institutional move for once — no classic fade signal here.

CAD: largest single-week reversal (+10,083 WoW)
Still deeply short at −54,703 net, but the +10k week-over-week improvement is the biggest move across all G8 currencies this week. Could be early covering, could be noise. Worth watching if CAD continues to recover in the coming weeks — at −52.5% of open interest, it's historically stretched.

USD: technically net short for the first time in this cycle
USD index COT flipped to −3,219 net. Not a large position, but directionally significant — speculative funds have moved from net long USD to net short USD. VIX at 16.99 suggests risk appetite is relatively stable, which adds to the dollar headwinds case. USD retail: 80% long on USD/CAD, 84% long on USD/CHF — retail is heavily long USD across pairs, which historically is a fade signal.

All data pulled from globalinvesting.github.io — the COT panel, positioning bias table, and cross-asset data update automatically each week.