CAD leads currency selling as CHF adds new longs

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

CHF

The book is still net short, but it sits as a crowded long versus the prior 52 weeks. New longs, +3% of the book. This is a second week of buying. Spot continued the buying from the report date close to the release close, +0.3%.

CAD

The heaviest selling of the week: long liquidation and new shorts while still net short, -11.3% of the book. This is a second week of selling. Spot continued the selling from the report date close to the release close, -0.2%.

NZD

The book is still net short, but it sits as a crowded long versus the prior 52 weeks. New shorts, -10.89% of the book. This is a second week of selling. Spot continued the selling from the report date close to the release close, -0.7%.

AUD

New shorts while still net short, -6.22% of the book. This is a second week of selling. Spot continued the selling from the report date close to the release close, -0.8%.

JPY

Long liquidation and new shorts while net long, -5.29% of the book.

GBP

Long liquidation while still net short, -4.44% of the book.

Broad USD positioning showed new longs with the index continuing higher.

EUR added new shorts with spot continuing lower, -0.9%.

CAD led the week with long liquidation and new shorts while still net short.
CHF added new longs into a crowded long versus the prior 52 weeks despite remaining net short.
NZD extended selling into a crowded long versus the prior 52 weeks.

Disclaimer: COT data reflects positioning and sentiment but does not provide trade timing or price predictions.