CAD leads heavy selling as AUD attracts buying

Good Morning. This is your weekly COT Digest. Speculators unwound CAD in size this week. AUD also bought, but that was the smaller side of the tape.

AUD

The book is a crowded long versus the prior 52 weeks. New longs and short covering while net long, +5.47% of the book. This is a second week of buying. Spot continued the buying from the report date close to the release close, +0.1%.

GBP

New longs and short covering while net short, +3.8% of the book. This is a second week of buying. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.1%.

CAD

The heaviest selling of the week: long liquidation and new shorts while still net short, -24.6% of the book. This is a second week of selling. Spot continued the selling from the report date close to the release close, -0.1%.

CHF

New shorts while still net short, -6.49% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.1%.

JPY

The book is a crowded short versus the prior 52 weeks. Long liquidation and new shorts while still net short, -3.88% of the book. This marks a flip from short covering last week. Spot continued the selling from the report date close to the release close, -0.6%.

NZD

Long liquidation and new shorts while still net short, -3.25% of the book.

EUR

New shorts while still net long, -2.24% of the book.

Broad USD positioning added new longs while net long. Index continued the buying from the report date close to the release close, +0.1%.

CAD led the week with long liquidation and new shorts.
AUD added new longs and short covering into a crowded long versus the prior 52 weeks.
JPY flipped to selling into a crowded short versus the prior 52 weeks.

Disclaimer: COT data reflects positioning and sentiment and is not a timing or price prediction tool.