Tag Archives: AUD
G10 FX financial scorecard
– This week the scorecard recommends buying JPY, GBP, USD and selling AUD, SEK, NZD.
CFTC: JPY net-short reduced again ahead of resistance
Hedge Funds only made some small adjustments to their IMM currency futures positions during the week ending April 30.
RBA likely to hold rates at 3% after Tuesday’s Board meeting
– Despite recent weaker data, the RBA is likely to remain on the bench this week and keep they cash rate steady at 3%. – The RBA also releases the latest quarterly Statement on Monetary Policy (SMP) next Friday.
Australian Markets Weekly
Market looks for a May rate cut – A 25ps cut now priced at better than evens for May
Daily FX Wrap & Strategy
The NZD/USD spent most of last week bouncing around in a sideways 0.8460-0.8580 range as global risk sentiment ebbed and flowed.
The Week Ahead in FX
In the week ahead, investors will be watching interest rate decisions by the Reserve Bank of Australia and the Bank of England.
FX SENTIMENT REPORT
– There were very few changes this week as the market was likely hesitant to make significant positioning shifts leading into the FOMC, ECB and nonfarm payrolls.
Foreign Exchange Outlook
The USD has entered a period of retracement, weakening against most currencies in April (except the JPY),
FX G10/EM Morning Trader Views
EUR – After yesterdays choppy trading the take away is that they did discuss negative rates and would use if necessary and deal with the consequences
FX G10/EM Morning Trader Views
EUR – The day we have all been waiting for has arrived ‘ECB’ – all our stops taken out or disappeared from book as they went to mkt after the extension above 1.32 to 1.3243 new high.
US Market Preview
USD: The Dollar is finding moderate pressure this morning and has already reached a fresh 2-month low.
FX G10/EM Morning Trader Views
EUR – As much as the mkt is trying to maintain a short into the ECB tomorrow, month end eur demand, fears over weaker US data,