Prevailing Expectations are Still High for the Canadian Dollar

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One simple way to help get a handle on prevailing expectations is through the Commitment of Traders Report (COT). This is a weekly summary published by the CFTC and it lags, i.e. the last report came out on January 22nd. Looking at the weekly trend is helpful. But what is also helpful is when you see a very high number of either bulls or bears. This doesn’t tell you the trend is about to change, but it does tell you there may be a lopsided one-way bet in a particular currency.

Among small spec, they really love the Canadian dollar; sitting at 96% bullish!

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avatarJack Crooks - Black Swan Currency Currents posted Wednesday, January 30th, 2013.

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