Alerts

USD/CAD IG Consumer Sentiment: Our information reveals merchants are actually at their most net-long USD/CAD since Oct 30 when USD/CAD traded close to 1.32.

USD/CAD Client Positioning

Variety of merchants net-short has elevated by 10.99% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/CAD

BEARISH

76.44%

23.56%

7.67%
Every day

57.80%
Weekly

-12.40%
Every day

10.99%
Weekly

2.16%
Every day

43.54%
Weekly

USD/CAD: Retail dealer information reveals 76.44% of merchants are net-long with the ratio of merchants lengthy to quick at three.25 to 1. Our information reveals merchants are actually at their most net-long USD/CAD since Oct 30 when USD/CAD traded close to 1.32. The variety of merchants net-long is 7.67% greater than yesterday and 57.80% greater from final week, whereas the variety of merchants net-short is 12.40% decrease than yesterday and 10.99% greater from final week. We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests USD/CAD costs might proceed to fall. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger USD/CAD-bearish contrarian buying and selling bias.


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