Forex Analysis
Weekly Leveraged Funds Positioning Data
• Leveraged funds increased their net short positions in the USD by USD1.5bn. This comes following the release of final Q1 GDP data showing a much larger contraction that initially estimated.
FI Eye-Opener: Risk-free no more – soon also officially?
German bond yields edged lower on Friday in low-volume trading, as the US markets were on holiday.
FX Daily
A fairly light global calendar. In the euro area we expect German industrialproduction to have decreased slightly.
AUD/USD Analysis
Aussie started the new week at $0.9367 and traded a $0.9360-69 range in early dealings in the Asia-Pacific session.
GBP/USD Analysis
The pair closed Friday at $1.7160 after rate had retested recent highs at $1.7180 (68-mth high), before it retreated to $1.7132.
EUR/USD Analysis
The pair opened at $1.3598 this morning in Asia, following Friday’s Independence Day holiday in the US and briefly poked through $1.3600 for a look at a high of $1.3602 before turning down.
USD/JPY Analysis
The pair started the new week at Y102.07 this morning, and made some cautious early gains up to Y102.14 before
Australian Markets Weekly – Early Days
Speeches last week noted uncertain outlook for the Australia economy to persist for a long while yet. Mining investment to fall another 3-4% of GDP,
Warrant for the Reserve Bank’s Arrest
The Reserve Bank’s June Monetary Policy Statement was predicated on the economy starting to slow over the second half of this year.
Weekly Commentary
There was a notably widespread downturn across therange of activity indicators for the New Zealand economy inApril,
BOE Monetary Decision In Focus
Following the ECB rate decision last week, eyes will focus on the BOE as it announces its monetary decision for July.
Weekly Report
Traders continue betting on lower RBA rates before the year-end The RBA kept its cash rate unchanged at the historical low of 2.50% as widely expected.