Deutsche Bank - "Implied speculative USD longs picked up sharply by 6% to 43% of open interest, the largest change over the past two months. The TFF report showed that leveraged funds were responsible for the increase in USD longs. Speculative EUR positioning turned net short. EUR longs were cut by leveraged funds while asset managers increased shorts. There was a significant change in MXN positioning. Speculative longs of over 10% moved to net shorts of 3%, suggesting the market may have given up on the positive MXN story. Leveraged funds increased MXN shorts to over 40% of open interest. Also worth noting, NZD long positioning was pared, mostly a result of a fall in asset manager longs from 100% of open interest to 72%. Shorts in JPY were slightly reduced, as were longs in GBP. Longs for gold and oil were added."