Tag Archives: AUD
May: It’s All Been One Way
• The key currency theme was a stronger USD closely aligned to higher US bond yields and a weak JPY
April Balance of Trade: Third monthly surplus on the trot.
• April’s trade balance was a modest $28 million surplus after posting upwardly revised surpluses in February and March.
FX Daily Strategist: Europe
Disappointment over Abe’s “Third Arrow” weighs on USDJPY PM Abe’s announcement of the “third arrow” of his economic plan disappointed markets.
FX G10/EM Morning Trader Views
EUR – Still in this 1.3030-1.3110 range – yesterday good lev/spec selling into 90/00 met with similar buying at 1.3040-50 below from corp/rm.
FX Daily
Market movers today • US ISM non-manufacturing will be followed closely given the surprise drop in the manufacturing ISM. We expect an improvement,
GDP – QI 2013. Initial Views
• Real GDP rose by a modest 0.6% in Q1 2013 and annual growth stands at a below trend pace of 2.5%.
FX Daily Strategist: US
Watch news flow in USDJPY USDJPY is trading back above 100, fully recovering from the sell-off after yesterday’s weaker ISM report.
Monetary policy key for FX. AUD and NOK to recover after recent weakness.
The SEB FX Scorecard is updated on a monthly basis. It includes both changes to individual currency scores and alterations to weights to reflect FX market themes and drivers.
FX G10/EM Morning Trader Views
EUR – Whippy mkt yesterday with Spec names early sellers despite stronger European PMI’s taking us down to that 1.2950 support
ISM manufacturing drops to 4-year low to start June, more signs of improvement in Europe, RBA on hold
The month of June began with investors on the back foot. Equity indices opened lower following the lead of the soft US performance into the close on Friday.
RBA Board Meeting, June 2013 – “Don’t rock the boat baby!”
• The RBA left the cash rate unchanged at 2¾% at the June Board meeting, as widely expected.
GDP Preview – QI 2013
• We expect QI GDP growth to print at +0.9%. • Annual real growth should stand at +2.8%.