CAD leads selling as shorts build across currencies

Good Morning. This is your weekly COT Digest. Speculators added new shorts in CAD in size this week. Other currencies also saw net selling, but CAD was the dominant move.

CAD

The heaviest selling of the week: new shorts while still net short, -15.27% of the book. This is a second week of selling. Spot continued the selling from the report date close to the release close, -0.1%.

AUD

Long liquidation and new shorts while net long, -14.03% 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, +0.3%.

EUR

The book is still net long, but it sits as a crowded short versus the prior 52 weeks. This marks a flip from new longs and short covering last week. Long liquidation and new shorts, -8.28% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.3%.

CHF

New shorts while still net short, -8.27% of the book.

GBP

Long liquidation and new shorts while still net short, -7.52% of the book.

Broad USD positioning saw new shorts with the index continuing lower from the report date close to the release close, -0.2%.

NZD added new shorts while net short; spot did not continue the selling from the report date close to the release close; it moved the other way, +0.3%.
JPY added new shorts while net short; spot did not continue the selling from the report date close to the release close; it moved the other way, +0.2%.

CAD led the week with new shorts while net short, -15.27% of the book.
EUR flipped to selling into a crowded short versus the prior 52 weeks.
AUD saw long liquidation and new shorts while net long, with spot moving the other way.

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