Tag Archives: CAD
FX Daily Strategist: Europe
Dovish BoE inflation report could put some pressure on GBP Sterling’s recent underperformance may have been stabilised by Tuesday’s slightly better-than-expected industrial production data, but today’s key event – the BoE Inflation Report – could lead to some renewed weakness.
CFTC: Positive dollar sentiment weakens further
The weekly data from the US CFTC covering the week ending July 31 showed another big reduction in the aggregate net long dollar position held by hedge funds and other large speculators in IMM currency futures.
FX G10 and EM Morning Trader Views
G10 EUR – Late wild finish to the week in ny with a new high (1.2390) followed by a 100 point retracement – Data all back loaded this week starting with FED (wed) before ECB (thurs) and payrols (Fri.) and let us not forget month end tomorrow –
FX G10 and EM Morning Trader Views
G10 EUR – Mr Draghi was all it took to turn a mkt on its head yesterday – struggling on the days lows at 1.2118 ‘we will do whatever it takes’ ‘managing yields’ – and eurusd never looked back –
FX G10 and EM Morning Trader Views
G10 EUR – Well yesterday turned early on 1 headline regarding the ESM banking license and never looked back – Weak UK data, IFO all mattered not in the face of cutting from lev , spec and ctas –
FX G10 and EM Morning Trader Views
G10 EUR – Weak PMI’s, especially Germany, disappointed the market yesterday and built on the general increased bearish sentiment on Europe and European yields of the last 3 trading sessions –
FX G10 and EM Morning Trader Views
G10 EUR – Consolidation the order of the day yesterday after heavy selling from 1.2270 down on Friday – we made a new low at 1.2067 but took a breather on aggressing further –
FX G10 and EM Morning Trader Views
G10 EUR – The selling continues after the end of last weeks Spanish yield inspired Friday blow out, London walks in with EURUSD lower on the Sydney open and taking out 1.21 barriers as I type.
FX G10/EM Morning Trader Views
G10 EUR – Recent range continues 1.22-1.23 while eur x’s, especially against aud and nzd, continue to trade lower – While 1.2150/60 remains key support downside and we keep bouncing from around 1.22
FX G10 and EM Morning Trader Views
G10 EUR – Painful day as we close in ny where we opened in ldn yesterday – Dips below 1.22 still remain wanted currently so after 3 goes and 3 nasty bounces it suggests to me we have put in a decent base for now
FX G10 and EM Morning Trader Views
G10 EUR – Mkt has been on the defensive this week worried about being caught on a squeeze that has never really come with 1.2330/40 providing stiff resistance –
Speculative Positions
Normalization of previous risk-off positioning the major theme Summary of the non-commercial (“speculative”) accounts in the CoT report (June 27 – July 3)