© BNPP Global FX Positioning Tracker: CAD shorts extend
• In G10, FX USD shorts reduce slightly to -17 from -18 last week (+/-50 scale), as our proxy for real money investors
reduces shorts.
• CAD shorts extend to -23 from -15 last week, as our proxy for electronic trading venues extends shorts and our
proxy for real money investors unwinds longs.
Technically the US dollar index is pushing higher and making a go at a bullish trend. We are seeing the US10 year yields at elevated levels and uncertainty in the equities.
Oil is below the average price level of around $80 and supporting fiscal flows in the US economy are high.
http://dlvr.it/SjtkDV
