Forex Analysis

Pressing On, Post Election

The National Party has been returned with a mandate to govern at least as strong as before.

Future path of the AUD is a critical focus for businesses. Exporters are still frustrated by the AUD,

The weekend’s general election returned an increasedmajority to the ruling coalition of National, ACT, UnitedFuture and Maori.

It seems that the markets are up for a major test, as the USD approaches multi-year resistance levels…will it?

There have been no substantial changes in the aggregated positions since last week except for an increase in the short kiwi position.

U.S. Review FOMC Meeting Does Little to Change Our Outlook • The Fed lowered its projections for GDP and unemployment slightly,

With risk events looming traders scaled back one way bets against most currencies,

USD/JPY – BULLISH BIAS – (106.80-110.20)

Sterling traders adjust strategy after “no” victory The Scotland says “no” to independence, hence the 307-year-old union remains intact.

The charts in the Euro look bearish and this week’s economic news fails to alter the downward motion inthe Euro currency.

After a slight recovery bounce in the Swiss, some of the oversold condition has been tempered.

We think the Yen is temporarily oversold and due for some short covering action.