Tag Archives: CAD
Americas FX Daily
Risky assets open the week on a light bid What happened overnight * Spiegel reports ECB is considering imposing cap on Spanish yields * WSJ reports Spain seeks ECB commitment to unlimited bond purchases
CFTC: AUD gross long in new record; Aggregate dollar long drops
Money managers and other speculative traders continued to reduce their long dollar positions during the week ending August 14. The aggregate dollar position versus the eight IMM currency futures which we track in this report dropped to USD 4.6 billion, which is the lowest level in 11 months.
European FX Daily
* Asia FX in tight ranges * Flash PMIs key on the calendar in the euro zone this week * In the US, durable goods orders and FOMC minutes in focus
European FX Daily
* Asian currencies and equities mixed * Singapore exports (NODX) contracted in July, but better than expected * We have raised our three-month USDIDR forecast to 9700
Dbdaily: European Edition
HEADLINES… * Markets: EU/US equities modestly in the red on weekend comments from ECB’s Coene and as newswires report a possible challenge to the German Constitutional Court’s ESM ruling, CHN bourses also a little softer early Tuesday but most of Asia in the black.
CFTC: Net dollar long at six month low; AUD receives another lift
Speculative investors in the eight IMM currency futures tracked in this report continued to scale back their dollar long positions for a third week.
Dbdaily: European Edition
HEADLINES… * Markets: Equities little changed in Europe/US, bond yields decline in US/DEU, rise in ESP/ITA, not too much change in FX. Modest risk-off tone early Monday.
European FX Daily
Currencies and equities mixed * Japan Q2 GDP weaker than expected * Focus on US survey data for August
FX Daily Strategist: Europe
* Politicians could slow pace of EUR recovery Multi month we like EUR lower on the crosses too (EURAUD,EURGBP, EURJPY) given declining yield advantage but believe that on a 4-6 week view, the EUR could be prone to upside risks.
FX Daily Strategist: Europe
The USD comeback likely to short-lived We expect Thursday’s trend of USD strength, triggered at first by slightly softer China data, to be a reflection of profit taking in quiet markets, rather than a perception that the USD is becoming a more highly favoured currency.
European FX Daily
* RBA Statement of Monetary Policy dovish in tone * Chinese export and credit growth disappoint in July * Singapore GDP weaker than expected * Canadian employment likely weak
Busy Asian session ahead with BoJ and Chinese data
We’ve got a busy Asian session ahead with Chinese data galore and an Aussie employment report. The BoJ will also be on tap with its latest decisions on monetary policy.