**As seen in IMM Positioning Report 10/29/21 cablefxm.co.uk/reports
On the week ending in the 26th, the largest moves in non-commercial positioning were seen in CAD, GBP, and CHF
The loonie saw a short squeeze as % of open interest ticked up to 2.1% from -7.1%, this was quite a move from the lows seen in September, -24%
GBP and CHF both touched their respective 1-standard deviation bands, the franc extended net shorts with % of OI at -36%, below its 5-year std deviation lower band of -35%. GBP stands at % of OI of 10%, this is higher than its 5-year standard deviation upper band of 8%
The latest IMM report, sees the pound and the franc joining USD, JPY, AUD in overstretched positioning. Just recently, NZD net longs came below the extended long mark, however, this week %of OI moved back to 21%, 0.8pp below the stretched long mark
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