Loonie Tunes: Closing The Book On A Short Gone Horribly Wrong

Last Friday, when the weekly CFTC data was released, we learned that in the week through July 11, specs had trimmed their CAD shorts by 30,375 contracts to just 9,581. You probably don't care one way or another about the loonie, but that was notable - as in "big league" notable. Why? Simple: because it was just two months previous that specs were the most short CAD on record. So what happened? Well, despite a possible housing bubble and a crude market that's prone to collapsing (see Friday

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One thought on “Loonie Tunes: Closing The Book On A Short Gone Horribly Wrong”

The BOC reversal from Jan/May slowing economy to removing stimulus in June due to strength in the Canadian economy just proves the markets appear to be rigged.