Tag Archives: AUD

Economic developments adding to Riksbank headache

So far this year, SEK has been the one of the strongest performing G10 currencies. According to our own flow data and SEK Views survey mainly foreign investors have bought the SEK,

FX G10/EM Morning Trader Views

EUR – Stays supported above 1.3070 in Asia although still struggling to gain much traction on spikes above 1.3110 for the time being – Month end today before European holiday and

FX Daily Strategist: Europe

Cyclicals continue to turn against USD The USD is trading on the defensive at the start of a pivotal week for the US economic and monetary policy outlook.

CFTC: AUD longs and JPY shorts scaled back

Hedge funds were small net buyers of dollars during the week ending April 23 as selling of AUD and EUR more than offset buying of JPY and CHF.

The Week Ahead in FX

In the week ahead, investors will be awaiting the outcomes of policy meetings by the Federal Reserve and the ECB, as well as Friday’s closely watched report on US nonfarm payrolls.

FX SENTIMENT REPORT

– Traders continue to hold a net long USD position of $16.6bn, with short positions in CAD, JPY, EUR and GBP and long positions in AUD, NZD, MXN and CHF.

FX G10/EM Morning Trader Views

EUR – Choppy best way to describe it – we squeezed yesterday enough to take people out of shorts but again failed at that 1.3090/1.31 region for the full reverse on eurgbp selling from RM and

FX G10/EM Morning Trader Views

EUR – Washing around at the lower end of this recent range 1.30/1.3150 – European PMI’s likely to dominate this morning with many suggesting weaker numbers will lead to action from Draghi next week.

Limited EUR damage from ECB rate cut expectations EURUSD remains confined to a familiar 1.30-1.31 range. The solution to the Italian Presidential election impasse should facilitate the formation of a grand coalition government with a new round of negotiations to start shortly.