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ElliottwaveSpecialist
Aug 31, 2020 5:49 AM

EURUSD: IMM FX Positions Long

Euro Fx/U.S. DollarFXCM

Description

In the week ending August 25, non-commercial traders net sold 2.2bn USD after net purchases of 0.4bn USD the previous week.

Leveraged funds appear to have driven the net outflow, while asset managers net purchased Dollars.

The bulk of the net sales were against continued net purchases of EUR, while flows were once again more muted against other currencies in the report—they also net purchased JPY, CAD and BRL, while net selling CHF and GBP.

Overall, asset managers net purchased 0.6bn USD, predominantly against EUR.

Leveraged funds were net sellers of 0.8bn USD, against net purchases of EUR, GBP, and CAD, BRL, and RUB.
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