Our knowledge reveals merchants at the moment are net-long USD/CAD for the primary time since Sep 29, 2023 when USD/CAD traded close to 1.36.

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Number of merchants net-short has decreased by 19.21% from final week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
USD/CAD BEARISH 51.44% 48.56%

5.67% Daily

46.95% Weekly

-10.42% Daily

-19.21% Weekly

-2.80% Daily

5.15% Weekly




of shoppers are internet lengthy.




of shoppers are internet quick.

Change in Longs Shorts OI
Daily 3% -10% -4%
Weekly 39% -18% 4%

USD/CAD: Retail dealer knowledge reveals 51.44% of merchants are net-long with the ratio of merchants lengthy to quick at 1.06 to 1. In truth, merchants have remained net-long since Sep 29 when USD/CAD traded close to 1.36, value has moved 0.04% larger since then. The variety of merchants net-long is 5.67% larger than yesterday and 46.95% larger from final week, whereas the variety of merchants net-short is 10.42% decrease than yesterday and 19.21% decrease from final week.

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

Our knowledge reveals merchants at the moment are net-long USD/CAD for the primary time since Sep 29, 2023 when USD/CAD traded close to 1.36. Traders 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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