While EUR saw broad-based buying, funds and asset managers took offsetting positions on GBP – ANZ


Reports from the Australia and New Zealand Bank (ANZ), based on positioning data is for the week ending 15 October 2019, show that the leveraged funds and asset managers keep taking contrasting positions as far as the US Dollar (USD) is concerned. The research also mentions support for the Euro (EUR) while the British Pound (GBP) witnessed positions’ offset.

Key quotes

“Leveraged funds and asset managers continue to take opposite positions on the USD. The former bought while the latter sold. USD positioning is expected to remain volatile ahead of the October Fed meeting, as markets weigh the impact of the recently announced Phase One trade deal between US and China, against the weak run of US data.”

“While EUR saw broad-based buying, funds and asset managers took offsetting positions on GBP. With the UK and EU securing a Brexit deal, market sentiment towards GBP has improved. A broader lift in risk sentiment also saw JPY and CHF sold across the board.”

“Among commodity currencies, funds were buyers of AUD. Asset managers’ buying of CAD offset their selling of AUD and NZD. In EMFX, funds overall net long positioning stood higher, while it fell marginally for asset managers.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

Dollar in trouble, EUR/USD recovers the 1.1000 level

The American currency came under selling pressure, although the EUR/USD pair is a laggard, barely above the 1.1000 figure. Trump´s impeachment process seems to be behind the latest slide.

EUR/USD News

GBP/USD approaches 1.2900 as the greenback eases

The GBP/USD pair is at fresh weekly highs in the 1.2880 region, as speculative interest moved away from the dollar, and in spite of poor UK data.

GBP/USD News

USD/JPY slumps to fresh 10-day lows near 108.30 on falling US T-bond yields

The USD/JPY pair came under renewed bearish pressure during the American tracing hours and slumped to its lowest level in ten days at 108.25 as the dismal market mood allowed the JPY to continue to gather strength against its rivals as a safe haven.

USD/JPY News

Gold: the $1,470 regions caps the upside

Prices of the precious metal keep the positive performance in the second half of the week, although the $1,470 region continues to cap the upside for the time being.

Gold News

Crypto bulls and bears meet at the crossroads

Cryptocurrencies are experiencing sharp falls among the main actors of the top-three cryptos by market capitalization. If in the past few days XRP was the top representative of fear, now red is also the color of Bitcoin and even Ethereum.

Read more

Forex MAJORS

Cryptocurrencies

Signatures