CAD leads selling as NZD sees short covering

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

NZD

The heaviest buying of the week: short covering while still net short, +9.86% of the book. This marks a flip from new shorts last week. Spot continued the buying from the report date close to the release close, +1.7%.

CHF

New longs and short covering while still net short, +3.63% of the book. This marks a flip from new shorts last week. Spot continued the buying from the report date close to the release close, +0.2%.

GBP

Short covering while still net short, +1.45% of the book. This marks a flip from long liquidation and new shorts last week. Spot was little changed from the report date close to the release close, 0.0%.

CAD

The heaviest selling of the week: long liquidation and new shorts while still net short, -21.32% of the book. This is a second week of long liquidation and new shorts. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.2%.

AUD

Long liquidation and new shorts while still net long, -11.72% 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, -0.1%.

JPY

The book is a crowded short versus the prior 52 weeks. New shorts while still net short, -6.76% of the book. Spot was little changed from the report date close to the release close, +0.0%.

EUR

Long liquidation while still net long, -0.94% of the book.

Broad USD positioning showed new longs while the index moved the other way.

CAD saw the week's largest move with long liquidation and new shorts while still net short.
NZD attracted short covering and that buying continued into the release.
JPY added new shorts into a crowded short versus the prior 52 weeks.

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