Tag Archives: AUD/CAD
The euro tumbled to near a nine-year low on Monday
The euro tumbled to near a nine-year low on Monday,
A € bottom in place? Sell the NOK.
EURUSD: The outlined touchdown took place a few points above the ideal turning zone,
USD/JPY through support. EUR/NOK huge spike
EURUSD: With renewed buying ahead of the 1.2583 key support (andconfirmation point for new lows)
Weekly Report
Surprise action from the ECB hit the EUR-complex The ECB cut all three rates by 10 basis points through a surprise decision
Australian Markets Weekly – Confidence and business conditions stabilise
NAB Business Survey improves further in July. Business conditions not only held up in July,
AUD View – BNP Paribas
BNP Paribas thinks that AUD should underperform both CAD and NZD on a relative basis and remains short AUD/CAD.
Chinese PMI Breaks 50
The Chinese HSBC flash PMI staged a stronger-than-expected pickup to 50.8, the highest in six months and exceeding 50 for the first time in 2014, notes BNP Paribas.
Australian Markets Weekly – Still the same labour market spare capacity
Latest labour market instalment saw job creation stall but the unemployment rate steady at 5.8%; the rate should always be the focus.
Australian Markets Weekly – RBA forecasts and policy focus this week
The RBA Board meeting, quarterly Statement on Monetary Policy and employment and retail sales data the highlights this week. RBA will revise down their near term inflation forecasts after a friendly Q1 report.
Australian Markets Weekly
Wasn’t 2014 meant to be the year of the falling $A? We expect it still will be and our FX Strategy team are not rushing to change their forecast for $A to be US 84 cents by end of 2014 and US 80 cents by end of 2015.
EUR/JPY bullish response. NOK/SEK s/t stretched.
EUR/USD: Friday’s break down into the 55d ma band was soon rejectedand we ended the day more or less unchanged with spikeson both sides showing kind of a balance reached.
Forex Weekly Report
The market’s favourite trade may be vulnerable Over the last 4-5 months US Dollar bulls have been biased towards long USD/CAD positions as