🧮 Leveraged Funds Turned Long AUD, Stretched NZD: Cable FX Macro
- Rosbel Durán
- May 31, 2023
- 1 min read
**As seen in IMM Positioning report 05/27/23, subscribe at cablefxm.co.uk/reports
Volatile positioning data in AUD futures held by leveraged names, the latest reading leaves % of open interest at 1.7%, up 3.9 percentage points on the week. Leveraged funds' % of open interest in AUD futures is now above the 5-year average of -4.0%
NZD net long positioning held by fast money is now stretched as the % of open interest stands at 11.2%, right in line with the upper standard deviation band. This is a 0.6 percentage point decline from the prior week, we have previously pointed at net longs unable to sustain levels here
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