Forex Analysis
GBP/USD Analysis
The pair closed in NY Friday at $1.6832 after rate had extended its corrective pullback, off May21 highs of $1.6922, during the NY session to $1.6813 before edging back into the close.
EUR/USD Analysis
The pair started this morning at $1.3628, following a $1.3624 to $1.3643 range on Friday in the US. It marked a brief high of $1.3642 at the open and then gapped down to the session low of $1.3615.
USD/JPY Analysis
The pair started this morning’s session at Y101.93 after closing at Y101.97 late Friday in the US. Early dealings were muted with the market showing little response to
Markets Outlook – Tight Is as Tight Does
If the Reserve Bank was hoping to see generally higher mortgage and deposit rates as a result of the start of its OCR tightening cycle, and accompanying talk of “normalisation” ahead, then it’s probably been sorely disappointed.
Australian Markets Weekly – Still looking for investment
Private capex likely to have fallen in Q4 and show still subdued planned spending ahead. Construction Work Done also forecast to have fallen in Q4, again owing to lower private resource engineering spending.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week Expectations the RBNZ will signal a pause in June should continue to weigh on NZD/USD this week.
Societe Generale: Weekly CFTC Trader Positioning Data
The following are the latest weekly positions updates on Societe Generale’s FX Quant Fund which runs systematic currency strategies by SocGen’s quant analysts.
Weekly Commentary
A couple of weeks ago the high exchange rate and weakinflation pressure lead us to update our call on the timingof interest rate hikes by the Reserve Bank this year.
FX: final call, EURUSD
The EURUSD tapped the 200D MA, but still needs to confirm on higher volume. The USD uptrend has begun? Not if USDCHF stalls here.
Weekly Economic & Financial Commentary
U.S. Review As Good as It Gets. As Good as Can Be Expected. • April’s housing data showed some modest improvement but
Weekly CFTC Trader Positioning Data
FX volatility is low and positioning is relatively light, even in carrytrades that typically thrive in low vol environments. Most positionsare close to flat, and even large positions,