Credit Ágricole: G10 FX Positions - FJElite
- At present, the G10 FX PIX 3.0 signals that the GBP is overbought. Subsequently, we have entered into a short GBP/USD with a target of +4% and a stop-loss of -2%. The model is down -1.20% with a hit ratio of 50% over the past twelve months.
- The EUR enjoyed some buying interest last week, predominantly driven by tactical flows. Our FX flow data points at banks, corporates and real money investors inflows, as well as hedge funds outflows.
- The USD remains the biggest long in the G10 FX despite further selling interest last week, predominantly driven by IMM flows. Our FX flow data points at corporates, hedge funds and real money investors inflows, as well as banks outflows.
- The JPY saw some buying interest last week, predominantly driven by tactical flows. Our FX flow data points at banks, corporates and hedge funds inflows, as well as real money investors outflows.
- The CHF enjoyed some buying interest last week, predominantly driven by IMM flows. Our FX flow data points at banks, hedge funds and real money investors inflow« as well as corporates outflows.
- The GBP saw fresh buying interest last week, predominantly driven by IMM flows. Our FX flow data points at banks and real money investors inflows, as well as corporates and hedge funds outflows. All in all, the GBP is in overbought territory.
- The AUD experienced new buying interest last week, predominantly driven by Credit Agricole CIB flows. Our FX flow data points at banks and real money investors inflows, as well as corporates and hedge funds outflows.
- The CAD saw new buying interest last week, predominantly driven by risk reversals flows. Our FX flow data points at corporates inflows, as well as banks, hedge funds and real money investors outflows.
- The NZD remains the largest short in the G10 FX despite some buying 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.