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A bunch of new AUD rates longs, some new bullish Asia-Pac trades (Nikkei, AUD, SGD), mixed views on oil and bullish crypto:
- Rates: One participant added long AUD bond/short bund and long gilts/short bunds positions. Another added a US 2s20s flattener and went long AUD 1y forward rates. A third participant exited their long gilt position
- FX: One participant added short EUR/AUD and long SGD, and another went long DXY
- Equities: One participant went long Nikkei, and another went long Discovery.
- Commodities: One participant went short oil, another exited their long NatGas positioned and went long calls on oil.
- Crypto: One person went long Ethereum versus SPX.
Bilal’s Trades
- On my side – no changes. I’m short GBP/JPY, short KOSPI, and long China 10y (FX unhedged), SPX/short RTY, and I have an EU-US convergence EUR-USD 2s10s box trade (US flattener vs German steepener).
Bilal Hafeez is the CEO and Editor of Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)
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