Forex Analysis
Leveraged Funds’ Bet Against USD At Highest Level Since Jan 2013
Leveraged funds have increased their net short positions against the USD to their highest level since January 2013.
USD/JPY Analysis
A subdued morning for the JPY today ahead of the start of Golden Week holidays in Japan. Markets will be closed on Tuesday and on May 5 and 6. Dollar-yen opened at Y102.19 while euro-yen started at Y141.38.
EUR/USD: Tight Range, Low Vol, & Positive Flows But For How Long?
The EUR/USD rate has been remarkably stable so far this year trading mostly within a 1.3500-1.3900 range since the start of the year,
Weekly Commentary
Last week the Reserve Bank increased the OCR a secondtime to 3.00%, as was unanimously expected by economistsand financial markets.
Weekly Economic & Financial Commentary
U.S. Review No Signs Yet of Spring in the Housing Market · Data on home sales released this week show that the housing market continues to
Weekly Report
Mid-term carry unwind Currently conditions are right for carry trades. Yet given the return profile of carry trades,
Morgan Stanley: NZDUSD View
While Morgan Stanley is already bearish on NZD/USD for fundamental reasons, MS outlines the pair technical picture in its weekly FX chart pick arguing that its also bearish on all time frames.
EUR Mid-day Analysis
A combination of residual Dollar weakness, slack US data and mostly upbeat Euro zone data leaves thepath of least resistance pointing upward in the Euro.
CHF Mid-day Analysis
A fresh upside breakout in the Swiss is at least partially the result of revived flight to quality fears flowingfrom the Ukraine. However, the Swiss is also seeing some lift from
JPY Mid-day Analysis
The Yen has regained some bullish traction in the wake of rising uncertainty in the West. We also think thatsome of the gains in the Yen this week are the result of slack US economy data
USD Mid-day Analysis
Ongoing weakness in the Dollar to start is a little surprisingconsidering the slack US data from yesterday and also because of theescalating tensions in the Ukraine.
CAD Mid-day Analysis
Commentary from the BOC provided a minimal rally yesterday afternoon as the centralbank tried to convince the trade they were in neutral with respect to policy.