FX Positioning insights for the Week forward

Not any main adjustments when it comes to FX positioning from final week.

The EUR stays the most important web lengthy (stretched above the 80 percentile of the previous 52 weeks and net-positioning as a proportion of open curiosity).

Compared, the GBP is the second largest web brief, with markets shifting positioning very quickly previously two weeks. After the much less dovish BoE, and final week’s jobs and retail gross sales information, a divergence play between the EUR and GBP could possibly be attention-grabbing if EU Flash PMIs see an enormous miss and UK PMIs shock increased.

Other than that, the AUD stays the most important web brief, however little or no alternatives to try to make the most of that with lack of AU information i the week forward.

This text was written by Arno V Venter at investinglive.com.