Long AUD exposure has increased substantially - BNPP

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    James Hellawell, Research Analyst at BNP Paribas, lists down their FX Positioning Analysis till 18th April 2016.

    Key Quotes

    • “Long AUD exposure has increased substantially. Combined with the USD, AUDUSD net positioning is at a multi-year high.

    • Short NZD positioning has unwound at a score of -6 from -27.

    • The long EUR, CHF and SEK long exposure has been fully unwound. EUR, CHF and SEK positioning now neutral.

    • USD short positioning remains moderate at -18 with room to be built up further.

    • Bearish GBP positions remain large at -35 while JPY long positioning remains close to its highest level since 2008.

    • Absolute G10 FX positions have been cut back considerably, approaching the low seen at the end of 2015.”
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