Analysis: Pre-Referendum Client Positioning Shows Risks for Brokers Minimal

[kreslik.news]

Just hours before the final tally of the Brexit/Bremain referendum hits the wires, we are taking a look at the positioning of clients across some major brokerages that are regularly updating the sentiment of clients. The data should help us determine whether there is any disproportionate market sentiment which could negatively affect  clients and their brokers.

According to data from 3 major brokerages, the balance of the positioning is much less extreme when compared to the Swiss National Bank event. At the time, the positioning ratios in the EUR/CHF pair were heavily biased towards a rally in the pair from ... (read more)