Forex Analysis

Leveraged Funds Positioning Data

Leveraged funds saw the biggest weekly increase in net long USD positioning since February 2013.

The pair started today’s Asia-Pacific session at Y102.18, after closing Friday’s US session at Y102.03.

With such strong income growth occurring in the New Zealand economy, there is plenty to boost the nation’s spending…and saving.

RBA keep rates steady Tuesday again noting “the most prudent course is likely to be a period of stability in interest rates”,

Last week’s labour market data raised fresh doubts aboutthe economy’s capacity to

U.S. Review Economic Acceleration But Restraint Persists • The economy continues to show signs of acceleration this week,

• The market is shifting to an increasingly bullish view of the USD; with the net USD position rising to $26bn

Hard to see light in the middle of a storm Investors unshakable optimism gave out this week.

Morgan Stanley is out with a note reiterating its structural bullish USD views

As in the Dollar, the Euro was short term technically overdone and in need of some technical corrective action.

With the Swiss managing to reach a fresh new high for the week this morning and

A fresh higher high overnight in the Yen suggests some lift from a combination of renewed safe haven interest in the Yen and