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FOREX: Sharp Move Against EUR Per CFTC Positioning Update

FOREX
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The main theme from Friday's CFTC positioning update was a sharp move against the EUR by both leveraged players and asset managers. The table below updates the positioning change for the week ending the 19th of Nov and the current positioning level by currency and investor type. 

  • Leveraged players added to EUR shorts. Indeed outside of CAD shorts, this is the most heavy short by currency measured by CFTC against the USD. Other leveraged trends were more modest last week. Yen shorts were curtailed modestly. For the A$ we saw modest net buying, which pushed this segment back into a small long.
  • On the asset manager side though, the continued bias was in favor of the USD.
  • GBP shorts were added to by this segment, only outpaced by a trimming of EUR longs. 

Table 1: CFTC Positioning By Type & Currency 

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The main theme from Friday's CFTC positioning update was a sharp move against the EUR by both leveraged players and asset managers. The table below updates the positioning change for the week ending the 19th of Nov and the current positioning level by currency and investor type. 

  • Leveraged players added to EUR shorts. Indeed outside of CAD shorts, this is the most heavy short by currency measured by CFTC against the USD. Other leveraged trends were more modest last week. Yen shorts were curtailed modestly. For the A$ we saw modest net buying, which pushed this segment back into a small long.
  • On the asset manager side though, the continued bias was in favor of the USD.
  • GBP shorts were added to by this segment, only outpaced by a trimming of EUR longs. 

Table 1: CFTC Positioning By Type & Currency 

Keep reading...Show less