文档介绍：FLASH|FXPOSITIONINGANALYSIS|GLOBAL11March2019 MACROQUANTSTRATEGY|G10FXUSDlongshaveextendedtoascoreof+14(−/+50scale)from+8,+14overthepastweek,−−1andSEKshortswereextendedtoascoreof−:BNPParibasFXPositioningAnalysis–overallpositioning*SHORT141414LONG4-108-Mar-201901-Mar-2019-8-9-11-18-21JPYUSDNZDGBPNOKCADEURCHFAUDSEK-50 -40 -30 -20 -10 0 10 20 30 40 50Source:BNPParibasClientExposureIMMRiskReversalsFXFundPositionTrackerBNPPTrendingIndicatorBuySellPressure1724-632131USD-13-11021-15-34EUR-143421127JPY452-23-432025GBP-21-37-34360-7CHF-8-2918-32-813CAD-12-30-15-11-10-32AUD-2013483325-17NZD35-26-50-268NOK-26--287-35-23SEK*−50and+−−27,forexample,%–Internalsalesdesks’–mitmentoftraders(COT)isawidelyusedproxyforUS-basedhedge-fund/–Riskreversalsindicatetherelativepriceofcallsrelativetoputs,andthusincorporateanoption“marketsentiment”.FXFundpositiontracker––Atechnicalmeasureofthestrengthofacurrency’–Anindicatorofpricemomentumanddirectionthatutilisestickdata,,CFA,HeadofMacroQuantitative&DerivativesStrategy|AlexJekov,FXStrategist|KrisGjini,MacroQuantStrategist|BenedicteLowe,CrossAssetStrategist|BNPParibasLondonBranchPleaserefertoimportantinformationattheendofthereportTSTRATEGY|:AbsolutetotalG10positioningThree-:USDoverallpositioning :GBPoverallp