Leveraged funds’ GBP long positioning rises to post-Brexit high – Nomura
|According to the CFTC data for the week ended 16 January, leveraged funds increased GBP net longs from 30% to 39%, the highest level since the EU referendum, notes the research team at Nomura. On the other hand, asset managers’ net short position in GBP was reduced from 40% to 33%, they further note.
Key Quotes
“EUR: Leveraged funds’ net long positioning in EUR fell to 19% from a one-year high 26%. Asset managers also remained long EUR, with the current level (39%) broadly in line with the six-month average.”
“JPY: Leveraged funds’ net short JPY positioning fell from 52% to 48%. The one-year high is 64%, recorded in July 2017. In contrast, asset managers turned long JPY for the first time since May 2015.”
“AUD & CAD: Leveraged funds increased AUD net longs from 17% to 24%. The oneyear high is 80%, recorded in September 2017. Leveraged funds’ long positioning in CAD rose to 20% from 10%; the last-year high was 71% in October 2017.”
“USD: Our BIS volume-weighted proxy shows that leveraged funds maintained a net short USD (-2%) position for two weeks.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.