GBP leads buying as AUD faces selling

Good Morning. This is your weekly COT Digest. Speculators added new longs and covered shorts in GBP in size this week. AUD saw selling, but that was the smaller side of the tape.

GBP

New longs and short covering while still net short, +9.41% of the book. This is a second week of the same flow. Spot continued the buying from the report date close to the release close, +0.7%.

NZD

The book is a crowded short versus the prior 52 weeks. Short covering while still net short, +2.78% of the book. This marks a flip from long liquidation and new shorts last week. Spot continued the buying from the report date close to the release close, +0.5%.

CHF

Short covering while still net short, +0.78% of the book.

EUR

New longs while still net short, +0.78% of the book.

AUD

Long liquidation and new shorts while still net short, -3.59% 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%.

CAD

Long liquidation and new shorts while still net short, -1.33% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.1%.

Broad USD positioning saw long liquidation, -0.19% of the book. Index continued the selling from the report date close to the release close, -0.2%.

GBP posted the largest move with new longs and short covering while still net short.
NZD flipped to short covering into a crowded short versus the prior 52 weeks.
AUD and CAD both saw long liquidation and new shorts.

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