Latest Forex Research
ANZ: Weekly CFTC Trader Positioning Data
Leveraged funds reduced their net short positions against the USD for the second week. Net short positions against the USD fell by USD0.4bn, largely reflecting the reduction in positioning in the EUR.
FX Daily
Financial markets will digest the outcome of the EU-election. We expect the marketimpact to be limited despite strong gains for anti-EU parties.
FI Eye-Opener: A blow to further EU/Euro-zone integration
Core yields saw somewhat mixed performance on Friday. German yields edged slightly higher, and intra-Euro-zone spreads narrowed, while US yields fell ahead of all the uncertainty ahead over the weekend.
Daily Market Technicals
EUR/USD continues to work its way lower with Friday’s close below the 200-DMA the first since early Sept. The close below adds weight to
AUD/USD Analysis
The pair opened at $0.9236 this morning, following a $0.9214 to $0.9245 range in the US on Friday and re-visited Friday’s US session high before Japanese stocks started their day,
GBP/USD Analysis
The pair closed in NY Friday at $1.6832 after rate had extended its corrective pullback, off May21 highs of $1.6922, during the NY session to $1.6813 before edging back into the close.
EUR/USD Analysis
The pair started this morning at $1.3628, following a $1.3624 to $1.3643 range on Friday in the US. It marked a brief high of $1.3642 at the open and then gapped down to the session low of $1.3615.
USD/JPY Analysis
The pair started this morning’s session at Y101.93 after closing at Y101.97 late Friday in the US. Early dealings were muted with the market showing little response to
QI Capex Preview
The QI capex data is released on Thursday 29 May. In this capex surveywe receive the actual QI capex data, the sixth estimate for 2013-14spending and most importantly, the second estimate for 2014-15 capexcapex spending.
Markets Outlook – Tight Is as Tight Does
If the Reserve Bank was hoping to see generally higher mortgage and deposit rates as a result of the start of its OCR tightening cycle, and accompanying talk of “normalisation” ahead, then it’s probably been sorely disappointed.
Australian Markets Weekly – Still looking for investment
Private capex likely to have fallen in Q4 and show still subdued planned spending ahead. Construction Work Done also forecast to have fallen in Q4, again owing to lower private resource engineering spending.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week Expectations the RBNZ will signal a pause in June should continue to weigh on NZD/USD this week.