In the week ending Tuesday 19 June, EUR net-short positioning was extended further from 35% to 45%, 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 39%.”
“JPY&CHF: Leveraged funds’ JPY positioning turned short for the first time since lateMay. The short position stood at 17% with its one-year high of net-shorts at 64% in late July. On the other hand, CHF net-short positioning was reduced from 63%, the oneyear high of net-shorts, to 29%.”
“AUD&CAD: Leveraged fund AUD and CAD positioning both decreased and are now net-short at 26% and 25%, respectively.”
“USD: According to our BIS volume-weighted measure, Leveraged funds’ USD positions reached the one-year high of net-longs at 27%.”
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