OctaFX | OctaFX Forex Broker
Open trading account

USD longs build up continues - BNPP

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.”

RBA Preview: Chances of rate cut low - BBH

Research Team at BBH, suggests that the chances of a rate cut this week are very small, but the risk that the 2.0% cash rate is the bottom of the interest rate cycle has decreased following the unexpectedly large decline in Q3 capital expenditures.
Read more Previous

EUR/USD clinches 1.0580 on German CPI

The common currency has managed to advance some pips vs. the greenback after German CPI, sending EUR/USD to the 1.0575/80 band...
Read more Next
Start livechat