Forex Analysis
Scandi markets ahead: ECB also takes centre stage in Scandi markets
The week in Sweden kicks off early Monday morning with a speech from theRiksbank’s Jansson and shortly after that, May PMI is set to be released. We estimatethe PMI has slowed somewhat.
EUR/USD Analysis
The pair started the week at $1.3635 in Asia Monday, retracing lower from NY’s high of $1.3650 as the pair failed to close above the 200-dma at $1.3644.
USD/JPY Analysis
The pair started the week firmer at Y101.86 in Asia Monday, correcting higher from last Friday’s Asia low of Y101.48 and
AUD/USD Analysis
Aussie is making new lows as Europe awakes, after earlier seeing the cross fall from above $0.93 to make a $0.9262 bottom after a weak slew of data at 1130 AEST (0130 GMT).
GBP/USD Analysis
The pair closed in NY Friday at $1.6755 after rate had extended its recovery off Thursday lows of $1.6693 to $1.6778 into Friday’s month end fix, before rate drifted lower through the NY afternoon to $1.6750.
Leveraged Funds Increasing Their Bets Against EUR, CHF
Leveraged funds increased their short bets against the EUR on expectations of policy easing at the upcoming 5 June meeting.
Outlooks & Strategies For EUR, GBP, USD & AUD
The following are the latest outlooks and strategies for EUR/USD, GBP/USD, USD/JPY, and AUD/USD as provided by the Commonwealth Bank of Australia (CBA).
Australian Markets Weekly – Q1 GDP likely OK, now re-focus on the consumer
This week the key focus is the RBA, GDP and retail sales. Last week’s Q1 investment partials were uneven, but not as bad as feared.
FX: price matters
Inflation is this week’s theme: May HICP and ECB’s revisions are key for EUR. The Market is sceptical about higher Fed funds rate projections, but a pickup in wage growth would cause repricing…
Weekly Economic & Financial Commentary
U.S. Review Economy Contracts in Q1, Stronger Growth Ahead • Revised Q1 GDP figures showed that the economy contracted 1.0 percent,
Weekly CFTC Trader Positioning Data
Sentiment is shifting back in favour of the USD warning of further near‐term USD gains. Overall market positioning is light; with most currencies held close to flat.