Tag Archives: CAD
FX CFTC: USD long reaching a new high on bearish EURUSD sentiment
The negative sentiment towards the EURUSD among hedge funds and other large investors reached an all time high last week. The recent data from the CFTC covering the week ending May 15 saw them selling a net 29.9k contracts of EUR futures representing a value of USD 4.8 billion.
Speculative Positions
Largest net short speculative EUR position ever! SEB Risk appetite index (RAI) Risk appetite continued to fall and is now slightly lower than at the start of 2012. Summary of the speculative accounts in the Commitment of Traders report for the period 2 – 8 May: Most extreme positioning: Net short EURLargest change: Increase in […]
FX Daily Strategist: US
Markets allow Hollande a brief honeymoon; more concerned about Greek divorce Francois Hollande’s victory in the French Presidential election was expected, and so far the bond market reaction has been muted. Markets may be awaiting the outcome of the first Merkel-Hollande meeting to pronounce judgement; the meeting is said likely next week, and the focus […]
Speculative Positions
Recent reversals in USD/CAD and GBP/USD confirmed by positioning data SEB Risk appetite index (RAI) Risk appetite is falling. RAI is working its way through its support area in a continuation pattern of the previous sharp fall. Summary of the speculative accounts in the Commitment of Traders report for the period 25 April […]
FX Daily Strategist: Europe
ISM gives USD and CAD a boost, but ADP may reverse USD gains US equity markets forged higher with the upside surprise in the ISM manufacturing survey a contributing factor, only to give back a big chunk of the gains in the last hour and for no obvious fundamental reason.
Speculative Positions
Positive GBP sentiment SEB Risk appetite index (RAI) Risk appetite ended the week slightly better but off the weekly highs.
FX Daily Strategist: Europe
BoJ fails to push USDJPY higher This morning the BoJ announced an expansion of their asset purchasing by JPY 10tr, while extending the maturity of the JGB’s that it will purchases to 3 years from 2 years, but reduced the purchases of fixed-rate market operations by JPY 5yr.
European FX Daily – AUD hurt by weak Australia CPI
– AUD down 0.6%, Asian stocks down 0.1-1.1% – Weak Australia CPI supports RBA easing – Italian bond auction in focus – Hungary MC to keep rates on hold at 7%
Speculative Positions
JPY net short slightly trimmed SEB Risk appetite index (RAI) Risk appetite was more or less flat last week, congesting the rapid fall out of the risk neutral zone. Summary of the speculative accounts in the IMM part of the CFTC report for the period 4-10 April:
FX Daily Strategist: Europe
EURUSD posts two-week high, but eases as elections weigh Confirmation from the G20 gathering on Friday that additional IMF funding commitments amounted to some $430bn may or may not have contributed to the firmer EURUSD rate, including the push up through 1.3200 and to the pair’s best levels since April 4.
FX Daily Strategist: Europe
FX markets stuck in ranges as vols continue to edge lower – despite stress signals elsewhere The lack of conviction in FX markets continues to frustrate, with moves seemingly confined to clearing out short-term stops. The inability to break out of recent ranges was nicely illustrated yesterday by the lack of reaction in EURUSD to […]
High AUD takes its toll on Oz terms of trade
The end of the week and currencies barely changed from the kick-off on Monday was enough of an incentive for Asia to kick its heels today. Data releases were minor and currencies stuck to tight ranges.