EUR flows: Speculators short but big players still selling - FXWW

FXStreet (Bali) - According to Sean Lee, Founder at FXWW, interbank research notes present several factors being consistently reported with regards to Euro flows.

Key Quotes

Prime Brokers are reporting heavy speculative short positions amongst professional players, especially through the options market.

Overall short positioning in the spot market is at significant levels.

Net Fixed Income flows have been very EUR-negative and that’s likely to remain the case.

Reserve manager currency allocations seem to be signalling a shift away from the EUR.