Tag Archives: AUD
European FX Daily
* Kiwi retail sales stronger than expected * Indian central bank reiterates hawkishness * Euro area GDP likely contracted in Q2 * Greece to sell EUR3.1bn of 91-day bills
Strong AUD – when is enough simply enough?
The Aussie weakened rather sharply today without much in the way of catalysts, a move that has me sitting up and taking notice. But we’ll need to sell a generalized reduction in risk appetite to see a more durable sell-off.
CFTC: Net dollar long at six month low; AUD receives another lift
Speculative investors in the eight IMM currency futures tracked in this report continued to scale back their dollar long positions for a third week.
FX Daily Strategist: Europe
* Politicians could slow pace of EUR recovery Multi month we like EUR lower on the crosses too (EURAUD,EURGBP, EURJPY) given declining yield advantage but believe that on a 4-6 week view, the EUR could be prone to upside risks.
FX Daily Strategist: Europe
The USD comeback likely to short-lived We expect Thursday’s trend of USD strength, triggered at first by slightly softer China data, to be a reflection of profit taking in quiet markets, rather than a perception that the USD is becoming a more highly favoured currency.
FX Daily Strategist: US
* EUR a tad lower despite positive mood music While the mood in financial markets continues to remain optimistic (glass half-full, not half empty), EURUSD is down about 60 pips closer towards 1.2300, the lowest since Friday.
Busy Asian session ahead with BoJ and Chinese data
We’ve got a busy Asian session ahead with Chinese data galore and an Aussie employment report. The BoJ will also be on tap with its latest decisions on monetary policy.
FX Daily: Fundamental and technical support for carry
* On a technical level carry looks attractive as our Style Allocation Model (SAM) indentifies a “risk on” environment and carry needs to catch up with the equity market.
FX Daily Strategist: Europe
Dovish BoE inflation report could put some pressure on GBP Sterling’s recent underperformance may have been stabilised by Tuesday’s slightly better-than-expected industrial production data, but today’s key event – the BoE Inflation Report – could lead to some renewed weakness.
CFTC: Positive dollar sentiment weakens further
The weekly data from the US CFTC covering the week ending July 31 showed another big reduction in the aggregate net long dollar position held by hedge funds and other large speculators in IMM currency futures.
FX G10 and EM Morning Trader Views
G10 EUR – Late wild finish to the week in ny with a new high (1.2390) followed by a 100 point retracement – Data all back loaded this week starting with FED (wed) before ECB (thurs) and payrols (Fri.) and let us not forget month end tomorrow –
FX G10 and EM Morning Trader Views
G10 EUR – Mr Draghi was all it took to turn a mkt on its head yesterday – struggling on the days lows at 1.2118 ‘we will do whatever it takes’ ‘managing yields’ – and eurusd never looked back –