Commitment of traders report for the week ending July 10
CAD shorts increased by 4K and did see a midweek move lower, but the CAD did move higher yesterday and is near the closing levels from yesterday today. So shorts built over the last few weeks are still not out of the woods.
In other currencies:
- The EUR long position was trimmed the most this week (-13K).
- Shorts in the GBP increased by 11K . The price did move lower from Monday’s high but retraced to the 50% of the week’s range this week. The short is the largest since September 2017. See the chart below:
- The other pairs net positions were virtually unchanged