NZD leads heavy selling while EUR attracts buying

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

EUR

This marks a flip from long liquidation and new shorts last week. New longs and short covering while net long, +4.8% of the book. Spot did not continue the buying from the report date close (Tue 16 Jun) to the release close (Mon 22 Jun); it moved the other way, -1.2%.

NZD

The heaviest selling of the week: long liquidation and new shorts while still net short, -24.66% of the book. This is a second week of selling. Spot continued the selling from the report date close (Tue 16 Jun) to the release close (Mon 22 Jun), -1.6%.

AUD

Long liquidation and new shorts while net short, -13.28% of the book. Spot continued the selling from the report date close (Tue 16 Jun) to the release close (Mon 22 Jun), -0.7%.

CHF

The book is a crowded short versus the prior 52 weeks. New shorts while still net short, -6.61% of the book. Spot continued the selling from the report date close (Tue 16 Jun) to the release close (Mon 22 Jun), -1.8%.

CAD

New shorts while still net short, -6.59% of the book.

GBP

Long liquidation and new shorts while still net short, -4.73% of the book.

Broad USD positioning showed new longs and short covering while net long. Index continued the buying from the report date close (Tue 16 Jun) to the release close (Mon 22 Jun), +1.5%.

JPY saw long liquidation and new shorts while net short. Spot continued the selling from the report date close (Tue 16 Jun) to the release close (Mon 22 Jun), -0.5%.

NZD saw the largest absolute move with long liquidation and new shorts while still net short.
EUR flipped back to new longs and short covering after last week's selling.
CHF added new shorts into a crowded short versus the prior 52 weeks.

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