Tag Archives: AUD
FX Sentiment Report
Leading into the Fed decision, traders were nervous and exposures shifted aggressively from EM and carry trades into the most liquid European currencies of EUR, GBP and
Monthly FX Outlook
• The US$ strengthened on the Fed’s perceived hawkish statement, and should gain further ground to eclipse year-to-date peaks on Fed tapering in Q4.
FX G10/EM Morning Trader Views
EUR – Eur , helped by eur x selling, caught up yesterday with the broader usd move posting a low at 1.3161
Jobs restructuring works both ways
Anxiety over job security has been a major issue for households and businesses over the past few years.
FX G10/EM Morning Trader Views
EUR – Definitely didn’t move as expected yesterday as eur defied general bullish USD in g10 and eur x’s rallied hard to topside led by eurjpy/eurgbp.
US Morning Update
Major overnight headlines: • ECB’s Draghi says ECB ready to act, ECB has “numerous” policy measures at hand, Thomson Reuters
FX G10/EM Morning Trader Views
EUR – Quiet in the main yesterday although remains firm on a 1.33 handle as we approach FED tomorrow – ZEW out later this morning could possibly add some volatility to eur,
RBA Board Minutes – June 2013
• RBA maintains a somewhat more muted easing bias, saying low inflation “might” provide scope to cut the cash rate if “required to support demand”.
CFTC: AUD short reaching record; EUR short almost removed
Hedge funds cut their long dollar exposure through IMM currency futures by almost one-third during the week ending June 11.
FX G10/EM Morning Trader Views
EUR – So an important week ahead of us for the USD – With the mkt likely to seize on any attempts by the fed to calm mkt uncertainty over tapering
FOMC meeting is the highlight for the week. UK and European dataflow is limited today…
This week starts on a quiet note, with little in the way of data due over today’s European and US sessions (see table).
Weekly Commentary
On the face of it, last week’s Monetary Policy Statement seemed to be a straightforward affair, with the RBNZ maintaining its stance on interest rates and