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Jan 14 - 07:24 AM
USD/CAD - Traders Repeatedly Get It Wrong, Now They're Short
First appeared on eFXplus on Jan 14 - 05:20 AM
  • Start 2019 traders got very long USD it fell from 1.3665 to 1.3069

  • Traders held, pair rebounds but in May USD/CAD fell 1.3565 to 1.3016 by July

  • Traders went short but USD/CAD rose to 1.3382 by September

  • Traders went short again, pair reached 1.3043 in Oct but 1.3328 in Nov

  • Traders pared their bets, USD/CAD dropped to 1.2952

  • Now they are selling again. Currenty net short 2.028bln is largest since Nov
















USD/CAD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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