Tag Archives: AUD
European FX Daily – AUD hurt by weak Australia CPI
– AUD down 0.6%, Asian stocks down 0.1-1.1% – Weak Australia CPI supports RBA easing – Italian bond auction in focus – Hungary MC to keep rates on hold at 7%
Speculative Positions
JPY net short slightly trimmed SEB Risk appetite index (RAI) Risk appetite was more or less flat last week, congesting the rapid fall out of the risk neutral zone. Summary of the speculative accounts in the IMM part of the CFTC report for the period 4-10 April:
FX Daily Strategist: Europe
EURUSD posts two-week high, but eases as elections weigh Confirmation from the G20 gathering on Friday that additional IMF funding commitments amounted to some $430bn may or may not have contributed to the firmer EURUSD rate, including the push up through 1.3200 and to the pair’s best levels since April 4.
High AUD takes its toll on Oz terms of trade
The end of the week and currencies barely changed from the kick-off on Monday was enough of an incentive for Asia to kick its heels today. Data releases were minor and currencies stuck to tight ranges.
Americas FX Daily – USD gives up early gains as equities rally
USD gives up early gains as equities rally What happened overnight – UK inflation comes in a bit firmer than expected, up 3.5%yoy – RBA minutes confirm likelihood of May easing
FX Daily Strategist: Europe
USD reverses course during the NY trading day The New York trading session saw the USD fall against all G10 currencies except the NZD (undermined by comments from PM Key), but the S&P 500 barely budged to close flat. The EUR dipped briefly below 1.30, but surged back above 1.31 with leveraged stops cited as […]
RBA minutes show wait for inflation data before any rate cut
Today’s highlight for the Asian session was the release of the minutes of the April RBA meeting, where we gained further insight into the central bank latest ideas regarding the economy and interest rate policy.
Americas FX Daily – EURUSD dips back below 1.30
EURUSD dips back below 1.30 What happened overnight – China widens USDCNY trading band to +/- 1% from +/-0.5% previously – WSJ reports Moody’s might cuts ratings on 114 European institutions
China GDP numbers disappoint, sending risk into reverse
The Chinese economy grew at a slower pace in the first quarter of this year, growing 8.1 percent y/y, its slowest pace of expansion in almost 3 years. The growth rate was below the consensus of +8.4 percent and much lower than Q4’s 9.2 percent rate, and also was far off the 9 percent-plus rumour […]
Daily FX Technical Strategy: A pause in proceedings
Within the recent bout of risk aversion we are seeing sings of a near-term bounce as investors take profits. The S&P 500 is finding interim buying interest over its daily cloud and the down move in base metals is stalling against stretched momentum studies.
FX Daily Strategist: Europe
SMP to the rescue? Italian auctions to test market’s renewed confidence What went down on Tuesday went up on Wednesday, though only about half of Tuesday’s G10 FX moves were reversed. The turn-around was largely attributed to improved sentiment in European debt markets after comments from ECB Executive Board member Benoit Coeure saying that market […]
AUD surges after a very strong Oz employment report
Australia released quite an astounding employment report in the Asian trading day, setting the tone for a better sentiment towards risk which prevailed for the rest of the session. Australia added some 44.0k jobs in March, beating the consensus median estimates of +6.5k by a large margin, well above even the most optimistic forecasts in […]