Tag Archives: AUD

The Week Ahead in FX

In the week ahead, investors will be continuing to monitor geopolitical risk, while preliminary data on second quarter growth from

• The market is shifting to an increasingly bullish view of the USD; with the net USD position rising to $26bn

Growth outlook trimmed. RBA still expects “a bit below trend” growth for 2014/15; now at 2½%,

The RBA’s neutral policy stance was reaffirmed in the August Statement on Monetary Policy (SMP).

Today’s employment numbers came in below market expectations which were centred on a rise of 13k.

The decision to leave the cash rate unchanged at 2½% at the August RBA Board meeting was universally expected.

The June trade deficit at $1.683bn came in more narrow than the market had been expecting.

Leveraged funds turned net long in USD for the first time since mid-June ahead of the nonfarm payrolls release.

In the week ahead, investors will be focusing on the outcomes of a spate of central bank meetings,

• Bearish position building in EUR and JPY dominated the shifts in investor sentiment this week,

During the week the SG FX Enhanced Risk Premia increased the long dollar position and substantially cut the long NZD position.

Online retail showed further encouraging signs of growth in June, to be 0.9% higher compared to May.