USD Short Remains Moderate - BNPP
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
AUD/NZD 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.”
(Market News Provided by FXstreet)
