Tag Archives: AUD
Leveraged Funds’ Bet Against EUR Highest Since May 2013
The following are the key points in ANZ’s analysis for the latest speculative positioning report (positioning data is for the week ending 10 June.
The Week Ahead in FX
In the week ahead, investors will be focusing on the outcome of Wednesday’s Federal Reserve policy meeting, while Monday’s preliminary report on euro zone inflation will also be closely watched.
Weekly CFTC Trader Positioning Data
• This week there was a surge in bearish EUR sentiment while most other position changes paled in comparison.
Flow fallacies and the AUD
We break down capital flows data and conclude that ‘flows’ will only push AUD through parity if: the mining investment boom returns; or interest rate differentials between Australia and
Labour Force – May 2014
Employment fell by 4.8k over May following a downwardly revised 10.3k lift in April.
Consumer Sentiment – June
Consumer Sentiment rose by a small 0.2% in June but is 8.6% below year its years ago level.
The Week Ahead in FX
In the week ahead, investors will be looking ahead to Thursday’s U.S. retail sales report for further indications on the strength of the U.S. recovery.
Weekly CFTC Trader Positioning Data
• Sentiment continues to diverge with building bearish EUR andJPY positions and steadily bullish AUD, NZD, MXN and GBP holdings.
GDP Q1 2014 – Growth reverts to trend via strong exports
Real GDP rose by 1.1% in QI and growth was significantly faster than in recent quarters. It was a notch above theconsensus which centred on a rise of 1.0% (CBA (f): 1.1%).
Leveraged Funds Increasing Their Bets Against EUR, CHF
Leveraged funds increased their short bets against the EUR on expectations of policy easing at the upcoming 5 June meeting.
NAB Business Survey – NAB Online Retail Sales Index – Quarterly Update April 2014
NAB’s Online Retail Sales Index edged higher in April, with growth of 0.3% compared to 0.2% in March. Annual growth slowed to 6.4%yoy from 12.7%.
The Week Ahead in FX
In the week ahead, investors will be looking to Friday’s U.S. nonfarm payrolls report for May for further indications on the strength of the labor market,