Credit Ágricole: G10 FX Positions - FJElite

07 Jul 2026 08:23Elite Forex
  • At present, our positioning model G10 FX PIX 3.0 signals that the GBP is oversold. Due to the late arrival of the CFTC data, the model update falls on a Tuesday and we do not initiate a trade, however. The model is down -0.26% with a hit ratio of 50% over the past twelve months.
  • The EUR experienced new selling interest last week, predominantly driven by Tactical flows. Our FX flow data points at banks and real money investors inflows as well as corporates and hedge funds outflows.
  • The USD remains the biggest long in the G10 FX at present but saw some selling interest, predominantly driven by Tactical flows. Our FX flow data points at corporate inflows as well as banks, hedge funds and real money investors outflows.
  • The JPY experienced selling interest as well, predominantly driven by Tactical flows. Our FX flow data points at banks, corporates, hedge funds and real money investors inflows.
  • The CHF also faced selling interest last week, predominantly driven by Risk Reversals flows. Our FX flow data points at hedge funds and real money investors inflows as well as banks and corporates outflows.
  • The GBP remains the largest short in the G10 FX at present but saw fresh buying interest, predominantly driven by IMM flows. Our FX flow data points at corporates and hedge funds inflows as well as banks and real money investors outflows. All in all, the GBP remains in oversold territory.
  • The AUD also experienced fresh buying interest, predominantly driven by Crédit Agricole CIB flows. Our FX flow data points at banks and hedge funds inflows as well as corporates and real money investors outflows. All in all, the AUD is no longer in oversold territory.
  • The CAD enjoyed buying interest as well, predominantly driven by Crédit Agricole CIB flows. Our FX flow data points at banks inflows as well as corporates, hedge funds and real money investors outflows.
  • The NZD also saw buying interest, predominantly driven by IMM flows. Our FX flow data points at banks and corporates inflows as well as hedge funds and real money investors outflows.
  • The NOK experienced fresh buying interest too, predominantly driven by Tactical flows. Our FX flow data points at banks and real money investors inflows as well as corporates and hedge funds outflows.
  • The SEK enjoyed buying interest as well, 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.