Tag Archives: AUD
Weekly CFTC Trader Positioning Data
This was a week of subtle but important change as the marketpared its long exposure to Europe driving the net USD position toflat. In addition, most trends are decreasing,
Does reserve diversification really impact the value of the AUD?
One question that tends to recur from time to time is whether reservediversification impacts the value of the AUD beyond the intra-day.
Housing Finance – March; ABS House Prices – QI 2014
The total number of housing loans to owner-occupiers fell by 0.9% in March, to be up 7.3% over tha past year.
Monthly Business Survey
Business confidence lifted slightly in April to +6 from +4, returning to long-run average levels after hitting a post-election low last month.
The Week Ahead in FX
In the week ahead, investors will be looking ahead to the BoE’s quarterly inflation report for further indications of the expected course of monetary policy.
Weekly CFTC Trader Positioning Data
The net short USD position widened to $6bn, with only CAD andJPY still held net short and AUD, NZD, MXN, EUR, GBP and CHF allheld net long. Over the last few weeks, positioning changes havebeen relatively minor.
Retail Trade – March 2014
Retail trade increased by 0.1% in March, below forecasts of a 0.4% rise. The modest rise follows numerous months ofhigh outcomes. And, despite the low increase in sales over March,
Trade Balance, March – Good tidings – four trade surpluses in a row!
The March trade surplus was slimmer than markets expected, coming in at $731mn. Market consensus was for a surplusof $1,000mn.
Building Approvals Take a Breather But Lots of Construction Coming
Today’s 3.5% fall in residential building approvals was concentrated in the volatile multi-unit segment which fell by 7.5%. Note that March’s total approvals, at 15.9k, are still 20% higher than a year ago.
RBA meets on Tuesday and should leave the cash rate at 2½%
The focus is increasingly on the Budget. But there are some monetarypolicy markers to negotiate first. The RBA meets on 6 May and thequarterly Statement on Monetary Policy (SMP) is released on 9 May.
The Week Ahead in FX
In the week ahead, market participants will be focusing on Thursday’s ECB monetary policy announcement. Rate reviews by BoE and the Reserve Bank of Australia will also be closely watched.
Weekly CFTC Trader Positioning Data
A quiet week for sentiment, given that Tuesday’s position datefails to incorporate much of the event risk that followed. The pullback in all of the long positions underscores this anticipation.