FX Positioning Update

Crédit Agricole's weekly update shows SEK as the largest long and NZD as the largest short among G10 currencies. The proprietary positioning model remains on the sidelines this week as most currencies trade near their medium-term averages.

Key Takeaways

• 1.SEK remains the largest long position in G10 FX, while NZD remains the largest short.
• 2.The G10 FX PIX 3.0 positioning model is not entering any new trades this week as positioning is near medium-term averages for all G10 currencies.
• 3.The GBP is no longer considered to be in overbought territory after recent buying interest was driven by IMM flows.

Table of Contents

• FX Positioning Update
• G10 FX Positioning Index (P.I.X 3.0)
• G10 FX Positioning Index (P.I.X 3.0) - Overview
• G10 FX Positioning Index (P.I.X 3.0) - Historic data
• G10 FX Positioning Index (P.I.X 3.0) - Performance & methodology
• Disclosures and certification
• Valuation and methodology
• Disclaimer

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