Tag Archives: AUD
FX G10/EM Morning Trader Views
EUR – EURUSD and EURxxx still bid to high heaven at the moment, decent two way over yesterdays month end fix but 1.3540 support held firm and we rallied into the New York close taking out stops through 1.3580 and 1.3600.
Americas FX Daily
EUR gives back ground What happened overnight – RBI cuts repo rate and CRR – Australia’s NAB business confidence rose
Further upside pressure in EUR/USD after repayments
On 30 January 2013, 3y loans worth EUR 137.159bn will be repaid to the ECB, reducing initial tender volume from EUR 489bn to EUR 352bn.
FX G10/EM Morning Trader Views
EUR – Another rangey Asia on a 1.34 handle. Although eur x’s lose a bit of their recent steam especially against aud,nzd and cad. Lvl to watch still 1.3400/10 for me on the downside
FX Daily Strategist: Europe
– US data to shift the focus to USD weakness Overnight US data did not offer a clear direction for the USD as solid December durable goods orders report was countered by soft existing home sales,
European FX Daily
– RBI cuts repo rate and CRR – Australia’s NAB business confidence rose – New Zealand’s trade deficit narrowed on falling imports What to watch for today USD: Less confident. We expect a decline from 65.1 to 63.0 in Conference Board consumer confidence, a bit weaker than the 64 consensus.
FX Daily Strategist: US
– Moving from strong eurozone to weak US data this week The stand out development at the beginning of the week has been the sizeable short-squeeze seen in USD/Asia, with IDR, KRW, TWD and MYR falling over 1.20% today.
CFTC: Net EUR long rising at the expense of CAD, GBP and CHF
The weekly snapshot from the CFTC covering the week ending Tuesday 22 January showed that hedge funds and other large investors continued to accumulate net-long EUR positions while long positions in CAD, GBP and CHF were scaled back.
FX G10/EM Morning Trader Views
EUR – After Fridays break of that key resistance at 1.3400/10 Friday on the LDN open, rather quiet and rangey o/n in Asia stuck 1.3440/70
FX G10/EM Morning Trader Views
EUR – Well early LDN crack the 1.3400/05 resistance as we trade to a 1.3420 high. Seeing some early model and corp selling into this move as spec and ctas buy.
FX G10/EM Morning Trader Views
EUR – The whippy price action continues within this 1.3250/1.34 range but today we have the euro area pmi’s to contend with – right now eur x’s holding up well,
FX Daily Strategist: Europe
– Soft Aussie CPI print reinforces expectations of a 25 bp rate cut in February Aussie Q4 CPI printed a touch softer at 0.2% QoQ (vs. expectations of 0.4%) and 2.2% YoY (vs. expectations of 2.4%).