A look at positions opened today from clients on the ASX 200 (using this as a proxy), shows an exact split of long and short contracts

A look at positions opened today from clients on the ASX 200 (using this as a proxy), shows an exact split of long and short contracts. Interestingly though, there has been a strong bias to take out long contracts on the S&P futures (66% of all new positions today have been long), although our overall book remains net short. Perhaps the positioning around the Australian market is a fair reflection of the fact that predicting price action in any asset class around tonight's FOMC meeting is tough and thus we are seeing no clear directional bias. It also seems logical that if we do see the Fed leave its bond program unchanged, it will benefit the US market more directly. - (VIEW LINK)