Market continues to build long USD positions and short EUR, JPY positions - BNPP

Research Team at BNP Paribas, lists down their FX positioning analysis as on 21^st November 2016.

Key Quotes

“The market continues to build long USD positions following the US elections. The score has now reached +25 (on our measure +/- 50), its highest score since April 2015.”

“FX investors are continuing to add short EUR and JPY positions, reaching scores of -13 and -5. The JPY is now at its lowest score since June 2015.”

“CAD positioning has switched to a long position of +9 from -14 last week, as the BNPP Trending Indicator and Risk Reversals components have risen sharply.”