CAD leads selling as EUR attracts buying

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

EUR

The book is net long, but it still sits as a crowded short versus the prior 52 weeks. New longs and short covering, +8.2% of the book. This marks a flip from new shorts last week. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.1%.

JPY

The book is still net short. It sits as a crowded short versus the prior 52 weeks. New longs, +3.8% of the book. This marks a flip from long liquidation and new shorts last week. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.2%.

GBP

New longs while still net short, +1.08% of the book.

CAD

Long liquidation and new shorts while still net short, -12.78% of the book. This is 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

The book is a crowded short versus the prior 52 weeks. Long liquidation and new shorts while still net short, -10.11% of the book. Spot continued the selling from the report date close to the release close, -0.2%.

CHF

Long liquidation and new shorts while still net short, -6.56% of the book. Spot continued the selling from the report date close to the release close, -0.3%.

AUD

Long liquidation while still net long, -2.8% of the book.

Broad USD positioning saw long liquidation with the index little changed.

CAD saw the heaviest selling with long liquidation and new shorts while still net short.
EUR flipped to new longs and short covering into a crowded short versus the prior 52 weeks.
NZD continued selling into a crowded short versus the prior 52 weeks.

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