16 August 20182FX Quant Insight GlobalMarkets.bnpparibasChart 2: Absolute total G10 positioning Three-year plot of G10 currency positioning scoresChart 3: USD overall positioning Chart 4: GBP overall positioning Chart 5: EUR overall positioningChart 6: JPY overall positioningChart 7: AUD overall positioningChart 8: CAD overall positioningAll charts source: BNP ParibasAll charts source: BNP Paribas 70 120 170 220 270 Aug-15Feb-16Aug-16Feb-17Aug-17Feb-18 Overall absolute FX Positioning5y Average-50 -30 -10 10 30 50 Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18 -50 -30 -10 10 30 50 Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18 -50 -30 -10 10 30 50 Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18 -50 -30 -10 10 30 50 Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18 -50 -30 -10 10 30 50 Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18 -50 -30 -10 10 30 50 Sep-15Mar-16Sep-16Mar-17Sep-17Mar-1816 August 20183FX Quant Insight GlobalMarkets.bnpparibasChart 9: NZD overall positioningChart 10: CHF overall positioningChart 11: NOK overall positioningChart 12: SEK overall positioningAll charts source: BNP ParibasAll charts source: BNP ParibasOne-year plot of G10 currency positioning individual scoresChart 13: USD positioning componentsChart 14: GBP positioning componentsChart 15: EUR positioning componentsChart 16: JPY positioning componentsAll charts source: BNP ParibasAll charts source: BNP Paribas -50 -30 -10 10 30 50 Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18-50 -30 -10 10 30 50 Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18 -35 -25 -15 -5 5 15 25 35 45 Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18 -50 -30 -10 10 30 50 Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18 -50 -30 -10 10 30 50 Aug-17Nov-17Feb-18May-18 BNPP Trending IndicatorIMMRisk ReversalsFund Position Tracker Client Survey -50 -30 -10 10 30 50 Aug-17Nov-17Feb-18May-18 BNPP Trending IndicatorIMMRisk ReversalsFund Position Tracker Client Survey -50 -30 -10 10 30 50 Aug-17Nov-17Feb-18May-18 BNPP Trending IndicatorIMMRisk ReversalsFund Position Tracker Client Survey -50 -30 -10 10 30 50 Aug-17Nov-17Feb-18May-18 BNPP Trending IndicatorIMMRisk ReversalsFund Position Tracker Client Survey16 August 20184FX Quant Insight GlobalMarkets.bnpparibasChart 17: AUD positioning componentsChart 18: CAD positioning componentsChart 19: NZD positioning componentsChart 20: CHF positioning componentsChart 21: NOK positioning componentsChart 22: SEK positioning componentsAll charts source: BNP ParibasAll charts source: BNP Paribas-50 -30 -10 10 30 50 Aug-17Nov-17Feb-18May-18 BNPP Trending IndicatorIMMRisk ReversalsFund Position Tracker Client Survey -50 -30 -10 10 30 50 Aug-17Nov-17Feb-18May-18 BNPP Trending IndicatorIMMRisk ReversalsFund Position Tracker Client Survey -50 -30 -10 10 30 50 Aug-17Nov-17Feb-18May-18 BNPP Trending IndicatorIMMRisk ReversalsFund Position Tracker Client Survey -50 -30 -10 10 30 50 Aug-17Nov-17Feb-18May-18 BNPP Trending IndicatorIMMRisk ReversalsFund Position Tracker Client Survey -50 -30 -10 10 30 50 Aug-17Nov-17Feb-18May-18 BNPP Trending IndicatorRisk Reversals Fund Position TrackerClient Survey -50 -30 -10 10 30 50 Aug-17Nov-17Feb-18May-18 BNPP Trending IndicatorRisk Reversals Fund Position TrackerClient Survey。。。。。。