Tag Archives: AUD
Draghi confirms ECB will conditionally buy bonds
Market largely got what it expected with the Draghi press conference today – but market limbo may continue after today’s response to the ECB news as biggest event risks don’t arrive until next week.
FX G10 and EM Morning Trader Views
G10 EUR – ECB day has arrived, although much was leaked yesterday afternoon sending the eur a quick 100 pips higher. Eur x’s big beneficiaries from the sterilisation and also from the talk on seniority –
EURUSD knocked back to the mat as Spanish yields swoon
EURUSD got a bit of a nosebleed above 1.2600. The approaching ECB meeting on Thursday is the key test for short term EURUSD sentiment – is about EU tail risks any more or is it all about devaluation?
FX Daily Strategist: US
– Long EUR beyond any short-term disappointment from ECB Sep 6 The short end of euro area bond markets have rallied (both Spain and Italy 3Y -30bps) in response to reported comments from ECB Draghi that sovereign debt purchases of up to three years would not be state financing helped markets further.
FX Daily Strategist: US
– Focus to shifts from US to Europe post Bernanke and ahead of the ECB meeting on 6 September Fed Chairman Ben Bernanke’s highly anticipated Jackson Hole speech confirmed the dovish tone from the most recent FOMC minutes.
FX G10 and EM Morning Trader Views
G10 EUR – Big week for the euro with lots expected of the ECB on Thursday – A new high at 1.2637 Friday cleared a few more shorts out of the mkt but we struggled to sustain that move, backed up by the rally in Spanish 10 yr yields on Friday back towards 7%.
CFTC: EUR short reduced as dollar selling continued
Speculative traders in IMM currency futures continued to sell dollars ahead of Jackson Hole last Friday. The data covering the week ending August 28 showed an aggregate dollar short position of USD 5 billion with most of the selling occuring against the EUR and to a lesser extent the JPY and CAD.
Asia today: Asian PMIs continue the weak tone; Risk holds up well
The first of the global manufacturing PMI reports confirmed what we already suspected – a slowing global marketplace.
FX G10 and EM Morning Trader Views
G10 EUR – Still playing the 1.2450/1.2600 range – some good rm and model buying yest took us back above 1.25 while some decent lev selling capped us at 1.2560-80 area – support is still 1.2530 then 1.2450 – topside resistance is 1.2590 (fibo) then 1.2600 (100 day m.a) – currently short against the recent […]
European FX Daily
* Majors pared gains, Asian markets mixed * Korea’s current account surplus hit record in July * Norges bank likely on hold, Brazil central bank likely to deliver rate cuts
Global Technical Watch – Quick Charts (Aug 29)
The lower break in the Shanghai Composite last week is having a bearish ripple effect across Asian currencies. On the TRENDS Heatmap, underperformance of EM Asian and the AUD, NZD are standouts.
Asia today: Mild risk-off bias presses currencies, stocks lower
Tight ranges from overnight ensured a steady start to the Asian session but as the session wore on we felt a distinct bias towards risk-off.