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Trading news
24 Apr 2015
NZD: plenty of room for long positions – BNPP
FXStreet (Barcelona) - The Team at BNP Paribas, comments on the positioning for NZD/USD using their proprietary FX positioning analysis.
Key Quotes
“BNP Paribas FX positioning analysis shows that the absolute level of G10 currency positioning has dropped to low levels as the markets unwind their NZD and AUD shorts.”
“G10 positioning is now running at a very low level relative to the levels seen in the past few years.”
“NZD positions have extended into long territory, as investors start to build long NZD positions after the moderately net short position seen in early 2015.”
“The move has been broad-based, with every subcomponent showing NZD buying on the week, with no sections of the investor community significantly underweight the NZD.”
“There is plenty of room for investors to add to current long NZD positions.”
Key Quotes
“BNP Paribas FX positioning analysis shows that the absolute level of G10 currency positioning has dropped to low levels as the markets unwind their NZD and AUD shorts.”
“G10 positioning is now running at a very low level relative to the levels seen in the past few years.”
“NZD positions have extended into long territory, as investors start to build long NZD positions after the moderately net short position seen in early 2015.”
“The move has been broad-based, with every subcomponent showing NZD buying on the week, with no sections of the investor community significantly underweight the NZD.”
“There is plenty of room for investors to add to current long NZD positions.”