Tag Archives: AUD
Asia Today: AUD perks up as RBA leaves rates unchanged
ll eyes in Asia were firmly fixed on the RBA rate announcement (and maybe Australian eyes also on the Melbourne Cup horse race 30 minutes later!).
FX Daily Strategist: US
– Disappointing UK CIPS Survey UK headline services PMI printed at 50.6 in October, down from 52.2 in September. At this level this still suggests the service sector is growing, but nonetheless it is the lowest reading since December 2010 with GBP likely to suffer on the back of this.
FX G10/EM Morning Trader Views
EUR – Trades poorly, only just managing a close above the 200 day (1.2830) in ny and now running stops 1.2810-1.2782 low. Its the first time i dont want to be no long eur now that these range lows at 1.2800 have broken.
Asia Today: Oz data clouds the RBA rate cut prospects tomorrow
Asia started this week with the USD broadly higher following the strong US jobs report on Friday. Activity was subdued but the USD’s bid tone remained intact.
Currency Weekly: US poll: MXN will rock and roll
For currency markets, we believe USD-MXN is the best way to express a view on the outcome of the US election and the subsequent fiscal debate. Other candidates are deficient for various reasons.
FX Daily Strategist: Europe
– USDJPY to be sensitive to today’s NFP; Watch the jobless rate Stronger US data (including the ADP and the ISM) has resulted in a risk-on reaction and the USD weakening against the higher beta commodity currencies yesterday i.e.
FX G10/EM Morning Trader Views
EUR – Traded poorly in the afternoon yesterday after that squeeze 1.2925-1.2983 and with no bounce in asia/late ny above 1.2950 we aggress the stops below to 1.2887 low this morning.
Dollar Bloc Weekly
Markets have shown little inclination to trend for some time. For instance, 10Y yields have been in a trading range since May. The US election outcome could be the catalyst for a breakout in a number of markets.
European FX Daily
– USDAsia nudged lower, equities mixed – ADP suggests upside risk to nonfarm payrolls – We recommend long TRYILS with a target at 2.30 and stop loss at 2.12
Asia Today: It’s a long wait for tonight’s non-farm payrolls
With the US non-farm payroll report later today, Asia was content to sit on its collective hands in a quiet Friday session.
FX G10/EM Morning Trader Views
EUR – Trading the range extremes well this week. Failure at 1.2880 Monday saw 2 days of decent short covering and corp demand which pushed us to that key 1.3020/30 resistance topside.
FX G10/EM Morning Trader Views
EUR – Quiet o/n as we continue to work a few of the weak shorts out of system after the continued fail to break below 1.2880. Saw strong demand from corp, model and ctas yesterday but fresh selling against the top of this 1.2880/1.300 range capped us.