Positioning data from the futures market showed that EUR shorts have been reduced to 11 month lows. Also of interest are reports from Prime Brokers which suggest that the big hedge funds have mixed views on market direction. There would seem to be no one standout trade which the big players are all trying to pile on to, especially in the major pairs. There has been a noticeable increase in USD shorts against emerging Asian currencies but that is the only trend worth noticing.
