Forex Analysis

EUR/USD Analysis

The rate nudged up to $1.2939 into early Asian dealing before it settled between $1.2930/35 into the Tokyo open.

FX Quant and Positioning Weekly

Speculators loading up on short EUR contracts Price based indicators • FX-O-meters: AUD/USD down and EUR/AUD up are the strongest trends but also the most stretched currency pairs.

Koruna posts largest gains since February Retail sales and unemployment weigh on zloty On Friday, the Czech koruna posted the largest gains since early February. Far better than expected German Ifo index for May triggered the gains.

CFTC: Hedge funds the most dollar bullish since last June

Hedge Funds seeking currency exposure through the use of IMM currency futures were buyers of dollars again for a fourth week during the one ending May 21,

Morning FX Market Commentary

Currencies: Euro temporary higher on strong IFO EUR/USD and EUR/GBP came close to big figure resistance at respectively 1.30 and 0.86 after a strong IFO business confidence.

FX Daily

Market movers today • ECB’s Asmussen speaks on Europe’s fundament this morning. Otherwise, the calendar is very thin.

USD/JPY Analysis

The pair closed in NY Friday at Y101.15. The rate initially spiked to Y101.66 on release of strong US Durable Goods data, before euro-yen sales forced the pair lower.

GBP/USD Analysis

The pair closed in NY Friday at $1.5125. The rate pressed to $1.5073 on release of strong US Durable Goods data, before dip demand recovered,

EUR/USD Analysis

The pair closed in NY Friday at $1.2930, the rate having recovered off pullback lows of $1.2910 after earlier posting a high of $1.2993.

Milk Money To Add More Momentum

• Economic growth outlook firm • A higher dairy payout forecast to add support?

Weekly Forex & Interest Rate Outlook

NZD/USD Outlook: Negative Near Term The long-awaited unwind of extremely long speculative NZD/USD positioning appears to be underway. The NZD’s breakdown on 14 June has been sustained and

Australian Markets Weekly

• Since 12 April 2013, the Australian Dollar has been the second worst performing currency in the entire world, beating only the war-torn Syrian Pound.