Leveraged funds’ net long AUD and NZD and net short GBP fell significantly – Nomura

Research Team at Nomura, lists down the IMM data of currencies for the week which ended on 20 September.

Key Quotes

“AUD: According to IMM data for the week ended 20 September, leveraged funds’ net long positioning in AUD fell significantly (to just 5% vs. 37% last week). This is the lowest level of net long activity since July. On the other hand, asset manager’s net long positioning in AUD rose to 26% vs. 15% last week.

NZD: Similarly, leveraged funds’ net long positioning in NZD fell as of Tuesday (to 42% vs. 68% last week), after hovering around one-year highs in the last 12 weeks. This is the lowest level of net long positions in NZD since May this year. Asset managers’ net short positioning in NZD remained relatively stable (72% vs. 74% last week).

GBP: Leveraged funds’ net short positioning in GBP continued to fall on the week (to 22% from 50% last week). This is the lowest level of net short positioning in the currency since June. Asset managers’ net shorts remained flat at 71%.

MXN: Net short positioning by leveraged funds in MXN rose back to one-year highs (to 70% of total leveraged funds’ contracts vs. 58% last week). Asset managers’ net long positioning in MXN fell on the week to 86% vs. 88% in the previous week.”