DislikedUSDCAD D1
COT and retail positiong is at extremes. That D1 PB might be sign of profit taking and there is over net 100000 contracts to be liquidated on the short side in Futures market. Retail on the other hand is on the other side with large amount of losing positions on the long side. While EU / GU were rising UC was going in opposite direction on friday which tells a lot about the supply/demand state on this pair.
Will it end up as a common "sell the fact, buy the rumor" event? time will tell but next week will be interesting for sure.
Cheers...Ignored
Thanks J16, Sam Seiden, Udine and Jacko