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🧮Hedge Funds Trimmed Euro Bullish Bets: Cable FX Macro

**As seen in Online Tools > IMM, get access now! cablefxm.co.uk


  • The latest COT report showed leveraged funds trimming euro net longs to post the largest downside change on the week, according to data from the CFTC. The percentage of open interest is now negative for the first time since mid-March.

  • Commodity currencies saw net shorts trimmed on the week, the complex has the Canadian dollar holding the largest bearish % of OI at -10.3%.

  • Our calculation of hedge fund positioning in the dollar saw bearish bets built this week, the % of OI is now at -0.5% vs 0.1% prior. Looking back over the last five years, the dollar bearish bets may start flagging stretched positioning as they now stand below the 1 standard deviation band.



 
 
 

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