Our information reveals merchants at the moment are net-long USD/CAD for the primary time since Aug 03, 2023 when USD/CAD traded close to 1.33.

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Number of merchants net-short has decreased by 29.16% from final week.

USD/CAD BEARISH 52.75% 47.25%

-0.65% Daily

20.68% Weekly

-16.90% Daily

-29.16% Weekly

-9.05% Daily

-9.43% Weekly

of shoppers are internet lengthy.

of shoppers are internet quick.

Change in Longs Shorts OI
Daily -1% -17% -9%
Weekly 21% -29% -9%

USD/CAD: Retail dealer information reveals 52.75% of merchants are net-long with the ratio of merchants lengthy to quick at 1.12 to 1. In truth, merchants have remained net-long since Aug 03 when USD/CAD traded close to 1.33, value has moved 0.34% increased since then. The variety of merchants net-long is 0.65% decrease than yesterday and 20.68% increased from final week, whereas the variety of merchants net-short is 16.90% decrease than yesterday and 29.16% decrease from final week.

We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests USD/CAD costs might proceed to fall.

Our information reveals merchants at the moment are net-long USD/CAD for the primary time since Aug 03, 2023 when USD/CAD traded close to 1.33. Traders are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger USD/CAD-bearish contrarian buying and selling bias.

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