CAD leads selling as currencies add shorts

Good Morning. This is your weekly COT Digest. Speculators added new shorts in CAD in size this week. NZD posted a similar move, though that was the smaller side of the tape.

CAD

New shorts while still net short, -15.78% of the book. This marks a second week of selling. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.5%.

NZD

New shorts while still net short, -15% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +2.2%.

JPY

The book is a crowded short versus the prior 52 weeks. Long liquidation and new shorts while still net short, -7.92% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.4%.

AUD

Long liquidation and new shorts while still net long, -5.29% of the book.

GBP

Long liquidation while still net short, -2.38% of the book.

Broad USD positioning added new longs and short covering while the index moved lower.

EUR added new shorts; spot did not continue the selling from the report date close to the release close; it moved the other way, +0.9%.
CHF added new shorts; spot did not continue the selling from the report date close to the release close; it moved the other way, +0.9%.

CAD led the week with new shorts while still net short.
JPY sits as a crowded short versus the prior 52 weeks.
NZD and CAD both extended selling pressure.

Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.