Tag Archives: AUD
Beware, These Extended FX Positions Are Vulnerable In May
Large currency exposures tend to be scaled back between May and August according to BNP Paribas’ FX Positioning Analysis.
Rising import prices pushing PPI higher
PPI rose by a robuste 0.9% in QI 2014, to be 2.5% higher over the year.
Dwelling Prices Edge Higher in April
RP Data-Rismark reported that Australian dwelling prices recorded a small, 0.3%, lift over April following a solid lift of2.3% in March.
Week Of The Dollar Or Weak Dollar?
In a note to clients today, Goldman Sachs continues to layout the argument for why the Dollar should strengthen over the coming year, especially against other G10 currencies.
Would the RBA intervene to weaken the AUD?
On 8 April (Where is the RBA’s pressure point on the AUD?) we argued thata TWI around 72 or an AUD/USD rate of 0.9500 in the
Leveraged Funds’ Bet Against USD At Highest Level Since Jan 2013
Leveraged funds have increased their net short positions against the USD to their highest level since January 2013.
The Week Ahead in FX
In the week ahead, investors will be focusing on Friday’s U.S. jobs report for April and the outcome of the Federal Reserve’s two-day policy meeting on Wednesday.
CPI – QI 2014 – Initial Views
The headline QI CPI rose by 0.6%, a bit below market expectations (market and CBA: +0.8%). The biggest “surprises” inthe data, compared to our forecasts,
Westpac: What To Buy & What To Sell This Week?
Westpac G10 FX model portfolio opens a decent long USD exposure for the week ahead, triggered by a long USD signal from its US surprise index model.
The Week Ahead in FX
In the week ahead, market watchers will be focusing on U.S. data on housing and manufacturing activity, while manufacturing data from China will also be closely watched.
Altering our FX forecasts to reflect longer-duration weakness in the USD
We have decided to fundamentally change our USD view. We now donot expect the USD to significantly strengthen until the real Fed Fundsrate turns positive in early 2016 (chart 1).
CPI Preview – QI 2014
The recent run of activity data has confirmed the desired growthtransition from mining capex to residential construction and non-miningbusiness investment is underway.