Based on the positioning data for the week ending October 8, 2019, the Australia and New Zealand Bank (ANZ) conveyed that the leveraged funds and asset managers took opposite positions on various currencies. Key quotes “While the former (leveraged funds) bought for the third straight week, the latter (asset managers) turned sellers. Apart from some weakness in US data which has dampened USD, of more importance is the conclusion of a partial US-China trade deal which will likely boost risk sentiment and keep the USD weak in the near term.” “Funds sold EUR, while asset managers bought. Both, however, were net GBP buyers. Renewed hopes of the UK securing a Brexit deal in time could provide further support to GBP. On JPY and CHF, while funds pared their exposure, money managers ramped it up.” “On commodity currencies, funds bought CAD while asset managers sold. They also acted in opposition directions in AUD and NZD. Funds were net sellers in both while money managers were net buyers. In EMFX, funds were combined net buyers, while the asset managers were sellers due to positioning changes in RUB alone.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY dips in Asia despite partial US-China trade deal FX Street 4 years Based on the positioning data for the week ending October 8, 2019, the Australia and New Zealand Bank (ANZ) conveyed that the leveraged funds and asset managers took opposite positions on various currencies. Key quotes "While the former (leveraged funds) bought for the third straight week, the latter (asset managers) turned sellers. Apart from some weakness in US data which has dampened USD, of more importance is the conclusion of a partial US-China trade deal which will likely boost risk sentiment and keep the USD weak in the near term." "Funds sold EUR, while asset managers bought. Both, however, were… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
