long/short

English translation: long positions vs. short positions

20:07 Oct 16, 2008
English language (monolingual) [PRO]
Bus/Financial - Finance (general)
English term or phrase: long/short
Tactical biases summary:
• Long volatility on US government bonds and Gold
• ***Long*** USD vs. G10 & ***Short*** EUR vs. Rest of the World
• Long European nominal & real yields vs. US nominal & real yields
• Overweight US and Japan equities vs. European and Emerging markets
• Overweight defensive sectors such as Healthcare, Utilities and Consumer Staples
• Favor short term HF strategies and high liquidity terms


Not so sure about what they mean here by "long" and "short". Could someone clarify this matter for me?

Thanks in advance for yoiur kind help
Michel A.
Local time: 11:46
Selected answer:long positions vs. short positions
Explanation:
In very simplified terms, the holder of a "long" position owns the underlying asset, whereas a "short" position involves the obligation to deliver (usually at some point in the future), or requires borrowing.

In the case at hand, the investor looks to buy US dollars against G10 currencies, and sell euros against pretty much anything else.
Selected response from:

Ralf Lemster
Germany
Local time: 17:46
Grading comment
Got it!

Thanks Ralf
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
5long positions vs. short positions
Ralf Lemster
3Possibly futures commodities - COT index
Demi Ebrite


Discussion entries: 1





  

Answers


12 mins   confidence: Answerer confidence 5/5
long positions vs. short positions


Explanation:
In very simplified terms, the holder of a "long" position owns the underlying asset, whereas a "short" position involves the obligation to deliver (usually at some point in the future), or requires borrowing.

In the case at hand, the investor looks to buy US dollars against G10 currencies, and sell euros against pretty much anything else.


    Reference: http://www.investorwords.com/2882/long_position.html
    Reference: http://www.investorwords.com/4554/short_position.html
Ralf Lemster
Germany
Local time: 17:46
Specializes in field
Native speaker of: German
PRO pts in category: 143
Grading comment
Got it!

Thanks Ralf
Login to enter a peer comment (or grade)

32 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Possibly futures commodities - COT index


Explanation:

"Speculative COT positions remain extremely long USD while short EUR and GBP (in absolute and relative terms). "

The COT index is the percentile of the difference between net speculative positioning and net commercial positioning measured over a specific number of weeks (52 or 13).


See chart in URL reference for clarification as to how the (Commitments of Traders) numbers look when the USD is long and the EUR is short.



    Reference: http://www.dailyfx.com/story/charting_center/futures_positio...
    Reference: http://news.goldseek.com/COT/1223062333.php
Demi Ebrite
United States
Local time: 10:46
Native speaker of: Native in EnglishEnglish
PRO pts in category: 22
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