Tag Archives: AUD
Asia today: AUD a tad firmer as RBA only cuts by 25bp
The overnight short-squeeze in EUR crosses extended into the early part of the Asian session with a quick run-up through 1.25 and the overnight high versus the US dollar on stops triggers.
FX CFTC: Dollar long rising again – look out for the correction
Speculators expressing their views through the holding of IMM currency futures increased their net long exposure to the dollar again during the week ending May 29. The increase however was the smallest recorded during the last four weeks of dollar buying with the selling not concentrated against one single currency alone but spread out particularly […]
Asia today: No cure for yesterday’s EUR hangover
The hangover from another EUR slide overnight could not be cured in the Asian session, with risk currencies content to hover near yesterday’s lows. As per yesterday, any hint of a rebound/retracement found a number of willing sellers.
Asia today: AUD weakens after soft headline retail sales numbers
AUDUSD traded on the south side of 0.98 following a weak headline April Oz retail sales number that suggested the Ozzie consumer is becoming more cautious in light of the uncertain global situation.
FX CFTC: Flight to dollars (and JPY) intensifies
The weekly collection of data from the CFTC covering the week ending May 22 showed a huge increase in the net dollar long postion as all of the eight IMM currency futures were sold apart from the JPY.
Technical Analysis: Wave Principle Letter (Americas): The big sell-out
Financial history is littered with examples where prominent corporate deals mark significant turning points. And the Information Technology sector seems to have all the technical analysis components necessary for a lasting downturn, in tune with American stock markets in general. The US Dollar is finally starting to lift off from its bottoming cycle, bond yields […]
FX CFTC: USD long reaching a new high on bearish EURUSD sentiment
The negative sentiment towards the EURUSD among hedge funds and other large investors reached an all time high last week. The recent data from the CFTC covering the week ending May 15 saw them selling a net 29.9k contracts of EUR futures representing a value of USD 4.8 billion.
Speculative Positions
Largest net short speculative EUR position ever! SEB Risk appetite index (RAI) Risk appetite continued to fall and is now slightly lower than at the start of 2012. Summary of the speculative accounts in the Commitment of Traders report for the period 2 – 8 May: Most extreme positioning: Net short EURLargest change: Increase in […]
EUR struggling for support following Spanish bank downgrades
The EUR traded with a softer feel to it for most of the Asian session after Moody’s announced 1-3 notch ratings cuts for 16 Spanish banks as it noted the Spanish government’s ability to support some banks had weakened. Asian markets traded lower to match the New York session’s low at 1.2665 and consolidated thereafter.
Technical Analysis
Seeking new AUD lows, SEK taking a beating… EUR/USD More congestion seen… AUD/USD Topside spike points lower… EUR/SEK Channel ceiling in focus… USD/SEK 7.0365 up for grabs… EUR/NOK Closed above the flag… USD/NOK Pressure cooker break… EUR/GBP BIG volume – non trending day… USD/CAD Next attempt at resistance.
Headline Oz jobs look strong – but are they really that good?
The surprisingly strong Australian jobs report in March led many to anticipate a mean-reverting softer number in April, but it was not to be. On the headline, Australia added 15.5k jobs in the month, well above consensus of -5.0k, and the unemployment rate dipped to 4.9 percent, the lowest in a year. But drilling down […]
Oz trade balance deteriorates, wiping the smile off the AUD
No doubt most Asian short EUR positions were wiped out yesterday as the single currency staged a dramatic comeback from its early post-election sell-off. There were no real drivers for the rebound though reports of reserve diversification by central banks did the rounds while encouraging words for Greece from EU members may also have helped.