Leveraged Funds net short EUR positions rose – Nomura
Analysts at Nomura note that according to IMM data for the week ended 21 February, leveraged funds’ net short EUR positions rose (to 52% vs. 48% last week).
Key Quotes
“The highest level of short positioning in EUR in the last year stood at 75%, which was last seen in August 2016. Asset managers’ net long positioning in EUR remained flat at 18%.”
“NZD: According to IMM data for the week ended 21 February, leveraged funds’ net long NZD continued to rise (to 70% vs. 56% last week). This is the highest level of NZD positioning since August 2016. On the other hand, asset managers’ net shorts stayed stable on the week at around 89%.”
“CAD: Leveraged funds’ net long positioning in CAD continued to increase for the fifth consecutive week (to 38% vs. 36% last week). This the highest level of net long positioning since May 2016. Meanwhile, asset managers’ net long positioning in CAD remained flat at around 70%.”
“MXN: Leveraged funds’ net short positions in MXN fell for the third week to 39% vs. 48% last week. Max net short positioning in MXN in the last year stands at 77%, which was last seen in October 2016. Assets managers’ net long positioning in MXN remained steady at 87%.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
