CAD leads currency buying as GBP sees selling

Good Morning. This is your weekly COT Digest. Speculators added to CAD in size this week. GBP also moved, 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, +11.27% of the book. Spot continued the buying from the report date close to the release close, +0.7%.

AUD

This marks a flip from long liquidation last week. The book is a crowded long versus the prior 52 weeks. New longs while net long, +3.66% of the book. Spot continued the buying from the report date close to the release close, +0.3%.

NZD

This marks a flip from long liquidation and new shorts last week. The book is a crowded short versus the prior 52 weeks. New longs and short covering while net short, +3.32% of the book. Spot continued the buying from the report date close to the release close, +0.4%.

GBP

This marks a flip from new longs last week. Long liquidation and new shorts while net short, -4.83% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.6%.

CHF

This marks a flip from short covering last week. The book is a crowded short versus the prior 52 weeks. Long liquidation while net short, -3.89% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +1.0%.

JPY

The book is a crowded short versus the prior 52 weeks. New shorts while net short, -2.56% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +1.9%.

EUR

Long liquidation and new shorts while net long, -1.43% of the book.

Broad USD positioning saw long liquidation and new shorts, -1.57% of the book. Index continued the selling from the report date close to the release close, -0.4%.

CAD posted the largest move with new longs and short covering while still net short.
AUD flipped back to buying into a crowded long versus the prior 52 weeks.
GBP flipped to selling while JPY and CHF extended net short positions.

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