Professional market positioning turns short EUR again
The biggest position amongst professional players at the moment is short EUR, according to data I’ve compiled from a number of big prime brokers. This data also incorporates much of overall retail positioning, as retail brokers will have open positions with the big Prime Brokers. I will send a more complete report out to members later today.
The market remains short of CHF but JPY short positions were significantly reduced over the last week (little wonder with all the stop-loss runs we saw!). It’s also significant to note that AUD positioning is very neutral.