Forex Analysis
Weekly Economic & Financial Commentary
U.S. Review Q2 Appears to Be Ending on a Stronger Note • Retail sales rose a modest 0.2 percent in June, however,
Weekly CFTC Trader Positioning Data
• Expectations for growth stabilization from China and Fed Chair Yellen’s improved tone were likely the key drivers
FX Quant Fund Positioning Data
The most substantial change in the positions of the SG FX Enhanced Risk Premia strategy over the week has been the cut by around a third of the long NZD position.
EUR Mid-day Analysis
It is difficult to argue against more downside action in the Euro but the close proximity to even numbersupport of 1.35
CHF Mid-day Analysis
The Swiss has seemingly found a thin layer of support around the 1.1132 level and some minor hard fought gains might be expected today off short covering.
JPY Mid-day Analysis
The Yen starts the Friday trade under a measure of pressure as the Ukraine situation seems to have prompted a profit taking reversal from this week’s highs.
USD Mid-day Analysis
While the Dollar has continued to trade back off this week’s highs, it remains within close proximity tothis week’s highs.
GBP Mid-day Analysis
The Pound remains under a negative cloud from the discouraging geopolitical events this week.