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.
“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.