Latest Forex Research
As Good As It Gets?
We believe GDP growth is peaking about now. That view was reinforced strongly today with the release of ANZ’s business outlook which revealed a continued downtrend in business sentiment.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week NZD/USD’s positive momentum remains strong and
Australian Markets Weekly – RBA and Retail Sales to Soften
A busy few weeks ahead, with key data – including Thursday’s retail sales – likely to show the economy has softened in recent months.
BOE Dep Gov Bean Sees Rates At 2.5% To 3% in Medium Term
Bank of England Deputy Governor Charles Bean, who steps down from his position on Monday,
Asian Currencies Technicals
The 21-DMA capped rallies last week with layers of resistance noted in the Sgd1.2513-45 region.
Weekly Commentary
Recent data give us no reason to expect the RBNZ to departfrom the plans it set out in June. Those plans include afollow-up hike in July,
Daily FX Wrap and Strategy
The NZD was the only major currency not to strengthenrelative to the USD on Friday. It ended the week around0.8780.
Aussie Currencies Technicals
AUD/USD continued to work its way back towards 2014 highs on Friday with initial support now noted at $0.9404.
The Week Ahead in FX
In the week ahead, investors will be looking to the U.S. nonfarm payrolls report on Thursday for further indications on the strength of the labor market,
FX Quant Fund Positioning Data
The following are the latest weekly positions updates on Societe Generale’s FX Quant Fund which runs systematic currency strategies by SocGen’s quant analysts.
Weekly CFTC Trader Positioning Data
• Traders are active in the most liquid currencies; with the largest positions reported as shorts in EUR ($10bn) and JPY ($9bn) and the net long GBP ($5bn) and AUD positions ($3bn);