CAD leads buying as NZD faces selling

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

CAD

The heaviest buying of the week: new longs and short covering while still net short, +10.41% 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, -0.3%.

EUR

The book is net long, but it still sits as a crowded short versus the prior 52 weeks. New longs and short covering, +3.8% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.5%.

GBP

New longs while still net short, +1.63% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.3%.

CHF

Short covering while still net short, +1.54% of the book.

NZD

The book is a crowded short versus the prior 52 weeks. Long liquidation and new shorts while still net short, -9.88% of the book. This is a second week of selling. Spot continued the selling from the report date close to the release close, -0.7%.

JPY

The book is a crowded short versus the prior 52 weeks. Long liquidation and new shorts while still net short, -3.91% of the book. This marks a flip from new longs last week. Spot continued the selling from the report date close to the release close, -0.2%.

Broad USD positioning saw long liquidation, -0.57% of the book. Index did not continue the selling from the report date close to the release close; it moved the other way, +0.1%.

CAD posted the largest move with new longs and short covering while still net short.
NZD saw continued selling that aligned with spot moving lower.
JPY flipped back to long liquidation and new shorts into a crowded short versus the prior 52 weeks.

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