Credit Agricole on FX - FJElite

23 Jun 2026 12:46Analysis Commentary Elite Forex
  • At present, our positioning model G10 FX PIX 3.0 signals that the AUD and NOK are oversold. Due to the late release of the CFTC data, however, the positioning update was delayed and we have therefore missed our window to enter long positions in the two currencies. The model is down -1.47% with a hit ratio of 44% over the past twelve months.
  • The EUR saw some buying interest last week, predominantly driven by Tactical flows. Our FX flow data points at corporates, hedge funds and real money investors inflows as well as banks outflows.
  • The USD remains the biggest long in the G10 FX at present and saw some buying interest last week, predominantly driven by Tactical flows. Our FX flow data points at banks inflows as well as corporates, hedge funds and real money investors outflows.
  • The JPY enjoyed some buying interest last week, predominantly driven by Tactical flows. Our FX flow data points at banks and corporates inflows as well as hedge funds and real money investors outflows.
  • The CHF faced some selling interest last week, predominantly driven by IMM flows. Our FX flow data points at banks inflows as well as corporates, hedge funds and real money investors outflows.
  • The GBP experienced some selling interest last week, predominantly driven by IMM flows. Our FX flow data points at hedge funds inflows as well as banks, corporates and real money investors outflows.
  • The AUD faced some selling interest last week, predominantly driven by IMM flows. Our FX flow data points at corporates inflows as well as banks, hedge funds and real money investors outflows. All in all, the AUD remains in oversold territory.
  • The CAD saw some selling interest last week, predominantly driven by IMM flows. Our FX flow data points at banks, corporates, hedge funds and real money investors inflows.
  • The NZD remains the largest short in the G10 FX at present and faced mild selling interest last week, predominantly driven by IMM flows. Our FX flow data points at banks, hedge funds and real money investors inflows as well as corporates outflows.