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Leveraged funds turned overall net long JPY for first time since mid-June 2018 - ANZ

2019-06-24 13:25

As per the ANZ bank’s latest research on the Commodity Futures Trading Commission’s (CFTC) positioning data for the week ended on June 18, leveraged funds turned overall net long JPY for the first time since mid-June 2018. 

It was further mentioned that the Euro (EUR) funds and asset managers take opposite stances, the former cutting their net EUR shorts while the latter pared their net EUR longs whereas Commodity currencies say new buying by leveraged funds, but broad-based selling by asset managers. 

Additionally, the report said that the US Dollar (USD) was heavily sold off by leveraged funds ahead of the FOMC meeting. Asset managers were largely broad-based net USD buyers.

The bank cites the G20 Osaka summit on 28-29 June as the next major event risk which will drive further positioning changes.

This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

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