At present, the G10 FX PIX 2.0 signals that the EUR and CHF are overbought. We have temporarily suspended the model’s trading strategy for maintenance but hope to be able to report new FX trading signals soon.
The EUR saw some buying interest last week, predominantly driven by IMM flows. Our FX flow data points at banks and real money investors inflows, as well as corporates and hedge funds outflows. All in all, the EUR is in overbought territory.
The USD remains the biggest long in the G10 FX despite further selling interest last week, predominantly driven by Crédit Agricole CIB flows. Our FX flow data points at banks and real money investors inflows, as well as corporates and hedge funds outflows.
The JPY enjoyed fresh buying interest last week, predominantly driven by Crédit Agricole CIB flows. Our FX flow data points at banks, corporates and real money investors inflows, as well as hedge funds outflows.
The CHF saw some buying interest last week, predominantly driven by IMM flows. Our FX flow data points at banks, hedge funds and real money investors inflows, as well as corporates outflows. All in all, the CHF is in overbought territory.
The GBP experienced new selling interest last week, predominantly driven by Crédit Agricole CIB flows. Our FX flow data points at banks and hedge funds inflows, as well as corporates and real money investors outflows. All in all, the GBP is no longer in overbought territory.
The CAD remains the largest short in the G10 FX despite some buying interest last week, predominantly driven by IMM flows. Our FX flow data points at banks, corporates, hedge funds and real money investors outflows.
The AUD experienced new selling interest last week, predominantly driven by IMM flows. Our FX flow data points at banks, corporates, hedge funds and real money investors inflows. The NZD enjoyed some buying interest last week, predominantly driven by IMM flows. Our FX flow data points at banks and hedge funds inflows, as well as corporates and real money investors outflows.
The NOK enjoyed some buying interest last week, predominantly driven by algo trading flows based on FX technicals signals. Our FX flow data points at banks inflows, as well as corporates, hedge funds and real money investors outflows.
The SEK faced new selling interest last week, predominantly driven by Risk Reversals flows. Our FX flow data points at banks and real money investors inflows as well as corporates and hedge funds outflows.
