Forex Analysis

FX Quant Trader Positioning Data

The most substantial change in the positions of the SG FX Enhanced Risk Premia strategy over the week has

USD/JPY – neutral bias – (100.80-102.30).

How far away are more normalised monetary policies? As price stability is the main goal for central banks,

After an attempt to bounce earlier this week the Euro might be technically balanced and capable ofresuming the downward march on the charts.

The Swiss remains in a downward track on its charts and it also remains under pressure from the fear ofmore knock on pressure from

With a fresh upside breakout and the highest trade since the June highs, the Dollar clearly remains in vogue.

Positive news from China this week and new highs in equities this week should have supported the Canadian Dollar but

The Pound remains off balance despite news of a fairly strong 2nd quarter GDP result overnight and

Softer Japanese inflation readings overnight add to disappointment earlier this week that retail sales wereindeed negatively impacted by tax changes.

Portfolio flow data reveals that Japanese investors were net buyers of foreign bonds for the week ending July 18 for the 2nd straight week but

Broadly, the USD is slightly stronger in Asia. Although EURUSD is flat at 1.3465, AUDUSD dipped to 0.9407 and USDJPY rose to 101.78.

Core bond yields rose on both sides of the Atlantic yesterday and curves bear-steepened,