EUR leads selling as NZD attracts short covering

Good Morning. This is your weekly COT Digest. Speculators liquidated longs and added shorts in EUR in size this week. NZD saw short covering, but that was the smaller side of the tape.

NZD

The book is a crowded short versus the prior 52 weeks. Short covering while still net short, +3.44% of the book. This is a second week of short covering. Spot continued the buying from the report date close to the release close, +1.6%.

CHF

New longs and short covering while still net short, +1.45% of the book.

EUR

The book is a crowded short versus the prior 52 weeks. Long liquidation and new shorts while still net short, -6.45% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +1.2%.

GBP

This marks a flip from new longs and short covering last week. Long liquidation and new shorts while still net short, -5.03% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +1.3%.

JPY

The book is a crowded short versus the prior 52 weeks. Long liquidation and new shorts while still net short, -3.07% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +2.6%.

AUD

New shorts while still net short, -1.34% of the book.

CAD

Long liquidation while still net short, -0.82% of the book.

Broad USD positioning added new longs while net long. Index did not continue the buying from the report date close to the release close; it moved the other way, -1.6%.

EUR saw the largest move with long liquidation and new shorts into a crowded short versus the prior 52 weeks.
NZD attracted short covering while still a crowded short versus the prior 52 weeks.
GBP flipped to selling after adding longs and covering shorts last week.

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