Tag Archives: AUD
JPY weakens apace on politics. Weak US data ahead of FOMC minutes
The political situation in Japan squeezes fresh longs and has bears desperate to put back on their JPY shorts – but we could get lots more two-way volatility if risk appetite stays in the dumps here.
FX Daily Strategist: US
– GBPUSD weakness unlikely to be sustained beyond US data and FOMC minutes Wednesday’s European session has been dominated by UK data flow with a more dovish that expected UK Inflation Report and slightly soft employment data.
FX Daily Strategist: Europe
– Japanese politics pushes USDJPY higher…..an opportunity to sell Japanese news agency Kyodo reports that Prime Minister Yoshihiko Noda has stated that he wants to call an election for parliament’s lower house on December 16.
FX G10/EM Morning Trader Views
EUR – Choppy yesterday but despite early selling through 1.2690 and a weak ZEW the mkt failed to extend to even test that 1.2650 cloud base on the daily’s.
Asia Today: Oz consumer confidence high; Moody’s affirms rating
Currencies started the Asian session at similar levels to yesterday after the overnight gyrations and we held in relatively tight ranges. On the data front, Australian consumer sentiment rose strongly in November, jumping 5.2 percent on-month (the first gain in 9 months) as the index hit its highest level since April 2011.
FX Daily Strategist: US
– Greek parliament passes 2013 budget…EUR waits for more The euro held above 1.2700 in Asia following a successful vote by Greece’s ruling coalition in parliament on Sunday to approve the 2013 budget law.
CFTC: Dollar positioning back to neutral as EUR and JPY are sold
Speculative investors in the eight IMM currency futures continue to scale back their aggregate short dollar position. As of November 6 the short position stood at USD 4.7 billion, a one-third reduction on the previous week as the greenback was bought against six out of eight currencies, especially EUR and JPY.
European FX Daily
– Japan recorded the first current account deficit (sa) since 1996 – AU employment surprised strong, NZ weak – Focus on BoE and ECB – Spain to sell 2yr, 5yr and 20yr bonds today
Asia Today: Opposite jobs reports from the Tasman Sea; Oz vs. NZ
With the US election concluded, we were back on data-watch in Asia. The Australian employment report was a surprise to the upside with a solid 10,700 jobs added in October, a respectable number considering the paltry +500 print expected.
European FX Daily
– Obama wins re-election, USD weakens – Polish central bank to cut rates – Greek parliamentary vote on austerity package in focus
Americas FX Daily
RBA surprises ahead of US election results What happened overnight • RBA leaves rates unchanged, with less dovish than expected statement • US elections exit polls available starting 7pm EST today • German factory orders surprised sharply lower • PMI revised lower in Germany and France, higher in Spain and Italy
Election upon us – what to look for tonight
The odds-makers are apparently already paying out bets placed on an Obama win, as it may be down to margins of victory in the House and the Senate results that prove the real points of interest tonight.