Tag Archives: AUD
FX G10/EM Morning Trader Views
EURUSD – So mkt takes the Cyprus news badly very similar reaction to the Italian election result. Eurjpy in particular an ugly open, followed by eurusd
CFTC: Dollar still favored as JPY selling picks up again
Money managers were net-buyers of dollars for a third week as selling pressure on CAD, GBP and especially JPY continued.
FX G10/EM Morning Trader Views
EUR – While short eur worked well initially yesterday as we traded to a low of 1.2911 the lack of follow through an subsequent nasty squeeze all the way back above 1.3030 has ensure i cut shorts for now.
FX Daily Strategist: US
– EURCHF supported by SNB and Spanish debt auction NOK was the under performer in the european session, hurt by a more dovish Norges Bank statement, causing EURNOK to rally back to mid-Feb highs above 7.5000.
AUD pops higher on payrolls. SNB keeps relatively quiet.
RBNZ nixes the kiwi The RBNZ was out with some rhetorical intervention on NZD strength – saying that it could cut rates if the kiwi remained too strong to help it cope with the threat of drought –
FX G10/EM Morning Trader Views
EUR – So another fail at 1.3070/80, a weaker Italian auction and strong US retail sales led us to an unwind of long eur and eur x positions.
FX Daily Strategist: Europe
– SNB to maintain the pressure on CHF The USD remains well supported after stronger than expected US February retail sales data, which implies that our Q1 GDP growth projection has moved closer to 2% q/q saar from 1.5% previously.
FX G10/EM Morning Trader Views
EUR – Quiet day yesterday that ended by squeezing out weak payrol/italy downgrade shorts from Friday below 1.3000.
Foreign Exchange Flows
Dovish CBs Sold Central bank expectations remain the dominant driver in FX markets. Last week the currencies least preferred were the ones where investors do not expect any sign of ‘stimulus’ withdrawal anytime soon.
FX G10/EM Morning Trader Views
EUR – A quiet Asia session post Friday’s moves as mkt settles, despite the late attempt at lower as Fitch caught up in downgrading Italy.
CFTC: Dollar buying escalates – CAD net-short at six year high
Hedge Funds and other speculative traders continued their accumulation of dollars during the week ending March 5.
FX Market Week Outlook
The dollar rallied to more than three-and-a-half year highs against the yen and its highest level against the euro in three months on Friday after official data showed that the US economy added significantly more jobs than forecast in February.