Tag Archives: AUD
FX G10 and EM Morning Trader Views
G10 EUR – Mkt has been on the defensive this week worried about being caught on a squeeze that has never really come with 1.2330/40 providing stiff resistance –
Speculative Positions
Normalization of previous risk-off positioning the major theme Summary of the non-commercial (“speculative”) accounts in the CoT report (June 27 – July 3)
FX G10 and EM Morning Trader Views
G10 EUR – Quiet o/n with eur failing to push on above 1.2330 lvl despite stops in the market – Still not huge clarity coming from the EU finance ministers meetings although comments from Schauble regarding use of ESM/EFSF funds ‘without warning’ suggests that they may stand ready to step in if Spanish and Italian […]
Asia today: Bad news for the AUD as China import growth slows
AUD took a hit in the Asian session, falling across the board and losing some 30 points versus the US dollar, after the China trade report for June showed that port growth had slowed.
FX G10 and EM Morning Trader Views
G10 EUR – So we open the week in asia with a nice push to a new years low at 1.2225, however we bounce right back as mkt takes some profit on this 3% move into the EU finance ministers meeting later today – That said we still only have managed a move back to […]
FX G10 and EM Morning Trader Views
G10 EUR – Have to say surprised by the follow through to the downside yesterday – we never looked back from the rate change announcement taking out the support at 1.2450/1.2410 – and very little retracement back above that 1.2410 support lvl since – we await payrols today but i think market again looking for […]
Asia today: It’s wait-and-see for the US non-farm payroll report
Asia was on Non-farm payroll alert Friday with activity confining currency pairs to tight ranges during the session, though with a slight risk-off bias.
Asia today: AUD unmoved despite another set of positive data
Despite better-than-expected Australian trade numbers for May, AUD was virtually unmoved in the Asian session Thursday. JPY, meanwhile, was under a little pressure as equity markets opened in the red across the region and BOJ reiterated it would pursue powerful easing.
Asia today: AUD higher again after stronger retail sales data
AUD pushed higher across the board again Wednesday after retail sales and purchasing manager data came in firm, though the Aussie wasn’t aggressively higher given bank bill yields only rose 2 BP.
FX G10 and EM Morning Trader Views
G10 EUR – So now the decks fully cleared – US holiday tomorrow so expect a holding pattern into the ECB on Thursday – 1.2550 held on the dip yest , 1.2610/15 was the pivot yesterday so expect some weak stops 1.2620/40 topside – ultimately 1.2550/1.2670 for now.
FX G10 and EM Morning Trader Views
G10 EUR – So after Friday afternoons squeeze as people took further shorts off the table into the w/e, the break has allowed people to digest the news further and we have moved back into the range as people view the summit news as positive however realise there is still a long way to go […]
CFTC: Dollar long extended ahead of Fridays violent price action
The latest data from the CFTC covering the week ending June 26 showed that speculative traders in IMM currency futures increased their aggregate long dollar position by 20 percent to USD 27 billion.