Forex Analysis
FX Daily
Market movers today • Euro area Sentix investor confidence will give a first impression of market sentiment in June.
USD/JPY Analysis
The pair closed a volatile, post NFP trading session at Y97.56 after rate had seen an initial reaction move higher on release from Y95.90 to Y96.40 but the
EUR/USD Analysis
The pair closed in NY Friday at $1.3218 after reaction to the release of US NFP had seen rate initially jump up to trigger stops above $1.3280 then reverse to
GBP/USD Analysis
The pair closed in NY Friday at $1.5558 after rate had seen an initial spike to $1.5604 on release of US NFP data before turning lower as the dollar gained a general boost taking rate to
Buddy, Can You Spare A Quarter?
• A reluctant hiking bias, still, at Thursday’s MPS? • We retain March-hike view and hawkish tilt
Weekly Forex & Interest Rate Outlook
The long-awaited unwind of extremely long speculative NZD/USD positioning has further to run, but watch out for a possible temporary boost from the RBNZ this week.
Guns on safety, cannons moving in to place
The Canterbury rebuild is off to the races, while the rest of the economy is not too far behind.
FX Comment: meh
“The sky is falling onto USD” is a good summary of last week’s developments. That’s what happens when the positioning gets to the extremes and somebody decides to change the music!
Weekly Economic & Financial Commentary
Losing Steam, Even With Larger Payroll Gains · May’s larger-than-expected nonfarm employment gain did little to dispel the notion that economic activity is decelerating in the second quarter.
FX SENTIMENT REPORT
• The USD remains favored against most of the currencies, despite short covering in EUR, JPY and CHF. MXN remains the largest held net long, at $3.3bn, despite a $1.5bn decline w/w.
Weekly Focus: Europe delivers the good news
Market movers ahead • We believe US retail sales advanced at a decent pace in May. Furthermore, we look for a marginal increase in the University of Michigan survey.
Mid-Day FX Market Analysis
USD: The Dollar was able to put together a modest rebound from overnight pressure, but is making little headway getting back into positive territory after