Tag Archives: CAD
CFTC: Dollar positioning back to neutral as EUR and JPY are sold
Speculative investors in the eight IMM currency futures continue to scale back their aggregate short dollar position. As of November 6 the short position stood at USD 4.7 billion, a one-third reduction on the previous week as the greenback was bought against six out of eight currencies, especially EUR and JPY.
European FX Daily
– Chinese exports surprise strong, new credit softer, but not weak – Japan Q3 GDP contracted 0.9%, as expected – Australian credit growth robust in September – Focus on EU summit today
European FX Daily
– Japan recorded the first current account deficit (sa) since 1996 – AU employment surprised strong, NZ weak – Focus on BoE and ECB – Spain to sell 2yr, 5yr and 20yr bonds today
European FX Daily
– RBA unchanged, less dovish than expected – US elections exit polls available starting 7pm EST today – Greece to sell 182-day bills
FX G10/EM Morning Trader Views
EUR – Trades poorly, only just managing a close above the 200 day (1.2830) in ny and now running stops 1.2810-1.2782 low. Its the first time i dont want to be no long eur now that these range lows at 1.2800 have broken.
Currency Weekly: US poll: MXN will rock and roll
For currency markets, we believe USD-MXN is the best way to express a view on the outcome of the US election and the subsequent fiscal debate. Other candidates are deficient for various reasons.
FX Daily Strategist: Europe
– USDJPY to be sensitive to today’s NFP; Watch the jobless rate Stronger US data (including the ADP and the ISM) has resulted in a risk-on reaction and the USD weakening against the higher beta commodity currencies yesterday i.e.
FX G10/EM Morning Trader Views
EUR – Traded poorly in the afternoon yesterday after that squeeze 1.2925-1.2983 and with no bounce in asia/late ny above 1.2950 we aggress the stops below to 1.2887 low this morning.
Dollar Bloc Weekly
Markets have shown little inclination to trend for some time. For instance, 10Y yields have been in a trading range since May. The US election outcome could be the catalyst for a breakout in a number of markets.
Dbdaily European Edition
HEADLINES… – Markets: Bourses up solidly in CHN/Europe/US as CHN & US data impresses, Treasuries modestly weaker, dollar little changed. The Nikkei followed Wall St higher early Friday, as did most other Asian bourses. Chinese bourses modestly softer.
European FX Daily
– USDAsia nudged lower, equities mixed – ADP suggests upside risk to nonfarm payrolls – We recommend long TRYILS with a target at 2.30 and stop loss at 2.12
FX G10/EM Morning Trader Views
EUR – Trading the range extremes well this week. Failure at 1.2880 Monday saw 2 days of decent short covering and corp demand which pushed us to that key 1.3020/30 resistance topside.