FX positionning ... interesting
The latest Commitment of Traders (COT) report from the US CFTC shows that leveraged players* increased their net short EURUSD positions on the IMM (CME) in the week ending Tuesday March 4. During that period, EURUSD rallied from around 1.0600 to briefly test above 1.1000.
The leveraged short is now the largest it has been since June 2006, which is as far as Bloomberg charts the data back to. The previous largest net position was in June 2012. The position then unwound and EURUSD rallied around 14-big figures.