In the week ending Tuesday 12 June, EUR net-short positioning was extended to 35%, the one-year high of net-shorts, notes the research team at Nomura.
Key Quotes
“In contrast, Asset managers have remained EUR long since February 2016, with its current position standing at 42%.”
“JPY&CHF: Leveraged funds increased long JPY from 1% to 15%. The one-year high of net-longs is 30%, recorded in April. In contrast, CHF net-short positioning was extended from 56% to 63%, the one-year high of net-shorts.”
“AUD&CAD: We saw short increases in leveraged fund AUD and CAD positioning, now both net-short at 31% and 44%, respectively.”
“USD: According to our BIS volume-weighted measure, Leveraged funds’ USD positions reached the one-year high of net-longs at 14%.”
Share
