Tag Archives: AUD
Speculative Positions
Main conclusions Scaling back on net short EUR position and stretched Scandies SEB RAI and the Carry index moving higher and RAI is now closing in an the recent highs seen in mid Oct 2011.
FX Market Analysis
FX markets struggled for direction Thursday with traders nervous about putting on new bets ahead of Federal Reserve Chairman Ben Bernanke’s testimony later in the global day and Friday’s key nonfarm payrolls data.
Currency Strategy
Small and sound supersede size For the past two years, our long-term outlook has been focused on fundamentals as being the most important driver for currencies. The intensification of the euro crisis last summer made undervalued (fundamentally weak) currencies appreciate temporarily.
NZD in favor and risk appetite finally on the rise
Main conclusions SEB RAI has broken out of its previous range and looks technically set for still higher levels. AUD, CAD, EUR & NZD speculative presence are running at high levels while speculators still seem reluctant to take bets on the GBP.
AUD ANALYSIS
The AUD slid slightly in Asia trading Thursday, hit by a weak reading on the country’s labor force. The currency had gained for much of the U.S. session into early Asia action, helped by word from the International Monetary Fund that it is seeking more firepower to combat the euro-zone debt issues, as well as […]
EUR, AUD higher in Asia after Chinese data beats expectations
The EUR and AUD strengthened in the Asian session after China’s Q4 growth beat market estimates with 8.9 percent y/y growth recorded versus 8.7 percent expected – but still lower than Q3’s 9.1 percent. The expansion was the slowest we have seen in 10 quarters, with slower exports and the effect of measures against property […]
AUD ANALYSIS
Opened at $1.0310 after highs yesterday of $1.0337, but remained firm in early trading this morning ahead of the Chinese GDP release. Leveraged buyers and some sovereign demand picked the dip to $1.0302 and took the pair up through yesterday’s $1.0337 highs to $1.0343 before stalling.
FX Strategist – Weekly update: cross signals
· The euro has weakened on net against all G10 and major EM currencies in the first weeks of the new year. This broad weakening has been a function of ECB easing, which has weighed on the euro, and stronger global data, which have boosted risk-sensitive currencies broadly. The key question for currency market participants […]
Market Analysis
Strong auctions yesterday in Spain and Italy led to a welcome breather in the beleaguered sovereign debt markets yesterday which also prompted some decent short covering in EUR/USD after the very weak start to 2012. EUR/USD opened in Asia at $1.2814 after touching highs of $1.2845 in NY.
AUD ANALYSIS
Opened in Asia at $1.0310 on a relatively firm footing after recovering from midday lows yesterday of $1.0263. early exporter demand led a small move up to $1.0318 ahead of the China CPI release, but the pair then came under pressure despite the data coming in on expectations, as talk of an imminent RRR cut […]
Market Analysis
The USD is trading mixed in midmorning Asian market action, the EUR having given up some modest early losses while the JPY continues to trade sideways against the USD. Chinese CPI coming in as expected have helped risk appetite somewhat, although currencies like AUD lost ground on expectations the data will cement expectations of Chinese […]
Market Analysis
The EUR was lower in Asian trade as investors were reluctant to buy the single currency despite modest gains Tuesday after successful European bond auctions, while many traders were cautious ahead of upcoming Italian and Spanish auctions and the European Central Bank’s policy-setting meeting Thursday.