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USD short remains moderate - BNPP

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    James Hellawell, Research Analyst at BNP Paribas, lists down the FX positioning analysis data for the week ending 11th April.

    Key Quotes

    • “AUD and CAD positioning is light at scores of +1 and -2 respectively while NZD short positions remain large at -27. There is scope for long AUDNZD positions to unwind.

    • EUR long positioning continues to rise but remains modest at +23 leaving room for long positions to be built up further.

    • USD short positioning remains moderate at -17 with room to be built up further. Bearish GBP positions remain extreme at -45.

    • JPY long positioning remains close to its highest level since 2008. This leaves the JPY vulnerable to a reversal.”
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