USD longs build up continues - BNPP

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Delhi) – Research Team at BNP Paribas, lists down the latest currency positioning data.

    Key Quotes

    • “Positioning in G10 FX markets appears to be picking up with short positioning in the NZD, CAD and NOK rising.

    • USD longs continue to build but remain moderate with a score of +12, leaving significant potential to add to USD longs.

    • The largest net short positions are in the NZD (-20) and the CAD (-15), while AUD flips to a net short.

    • GBP’s net positioning has declined to a score of -12 as the ‘IMM’ and ‘risk reversal’ components have reduced net long positions. There is substantial scope for GBP long positions to be rebuilt.”
    For more information, read our latest forex news.

Share This Page

free forex signals