Tag Archives: AUD
FX Daily Strategist: US
Markets allow Hollande a brief honeymoon; more concerned about Greek divorce Francois Hollande’s victory in the French Presidential election was expected, and so far the bond market reaction has been muted. Markets may be awaiting the outcome of the first Merkel-Hollande meeting to pronounce judgement; the meeting is said likely next week, and the focus […]
Speculative Positions
Recent reversals in USD/CAD and GBP/USD confirmed by positioning data SEB Risk appetite index (RAI) Risk appetite is falling. RAI is working its way through its support area in a continuation pattern of the previous sharp fall. Summary of the speculative accounts in the Commitment of Traders report for the period 25 April […]
Weekend EU election results pile pressure on the EUR
The election results from France and Greece over the weekend resulted in a weak start for the EUR as business got underway this morning. Versus the USD, the EUR opened at 1.3030, some 30 points below Friday’s NY close, but was quickly under more pressure and fell through the key 1.30 mark shortly thereafter. Whereas […]
RBA lowers growth/inflation forecasts but AUD doesn’t react
The Reserve Bank of Australia lowered its growth and inflation forecasts in its Monetary Policy statement Friday but the Aussie dollar’s reaction was muted. Indeed, the content of the RBA’s quarterly Monetary Policy Statement was broadly similar to the post-meeting statement.
AUD pressured as services PMI suggests Oz economy deteriorating
With risk appetite already in the dumps following the overnight release of disappointing data out of both Europe and the US, early data from New Zealand and Australia did nothing to help the mood.
RBA delivers a 50bp cut, more than the majority had expected
Mayday holidays impacted activity in Asia but we had enough economic events on the agenda to keep us busy. Most importantly, the RBA slashed the Cash Rate Target by 50bp to 3.75 percent, a sharper move than the market had been expecting with only a 30 percent chance of the larger cut priced in beforehand.
FX Daily Strategist: Europe
US Q1 GDP reaction points the way for this week’s releases Friday’s US Q1 GDP advance estimate yielded a relatively muted reaction from the markets, although it provides some pointers for the likely reaction of the USD to this week’s major releases. US Q1 GDP came posted at 2.2%q/q saar, below market expectations of 2.5%.
Speculative Positions
Positive GBP sentiment SEB Risk appetite index (RAI) Risk appetite ended the week slightly better but off the weekly highs.
Calm Asian markets, one eye on the RBA (and holidays!) tomorrow
It was a quiet start in Asia to what will be a busy week, with holidays in Japan and China impacting activity. Currencies were range-bound and barely changed from Friday’s New York closing levels.
FX Daily Strategist: Europe
BoJ fails to push USDJPY higher This morning the BoJ announced an expansion of their asset purchasing by JPY 10tr, while extending the maturity of the JGB’s that it will purchases to 3 years from 2 years, but reduced the purchases of fixed-rate market operations by JPY 5yr.
Daily FX Technical Strategy: AUD on the ropes
Over the last 24 hours, the outlook for the AUD has deteriorated somewhat and against the majors key support is under threat. For the time being though the support is holding but key levels are close at hand and worth noting. Like a fighter, the AUD is on the ropes, absorbing blows, it is on […]
Technical Analysis
Weaker SEK & AUD and focus on European yield spreads… EUR/USD The 1.3058 ref is exposed… EUR/JPY Ought to test supports below… AUD/USD The recent 1.0226 low exposed… EUR/SEK Headed back over 8.93… USD/SEK Back in a bullish impulse… EUR/NOK Must break the 21day EMA…