Tag Archives: CHF
Bank of Japan easing is a market driver
Market movers ahead – In the US, the housing market will be in focus with the release of the NAHB housing index, building permits and housing starts.
CFTC: JPY positions squared ahead of BoJ – EUR selling continued
Hedge funds increased their gross-long dollar position by 4 percent against eight IMM currency futures during the week ending April 2 according to the latest Commitments of Traders (COT)
CFTC: AUD buying continues and GBP net-short hits 23-month high
Money managers were net sellers of dollars for the first time in nine weeks during the week ending March 26, primarily due to continued strong buying of AUD,
The Week Ahead in FX
The USD was steady against the other major currencies in quiet trade on Friday with many markets closed for the Easter holidays, as better-than-forecast US data supported the dollar.
FX G10/EM Morning Trader Views
EURUSD – Mkt sold the fact yesterday stopping itself begrudgingly back into the short eurusd trade, helped in no small part by comments from the head of eurogroup finance ministers suggesting the Cyprus bailout could be a template for the rest of Europe.
FX G10/EM Morning Trader Views
EURUSD – A relief rally o/n in asia as the headlines said ‘deal agreed’, although still a lot to be done. I not a massive believer in the upmove and feel the spike o/n has cleaned the decks of those who faded the spike to 1.30 friday and left tight stops.
CFTC: Cyprus news trigger EUR selling, JPY buying
The main news from last week was undoubtedly the news from Cyprus and it triggered a major round of position adjustments in the speculative positions held by money managers in IMM currency futures.
FX G10/EM Morning Trader Views
EURUSD – Cyprus still rumbling on, and not for the better, throw in weak German and French PMI’s and eurusd seems to be defying gravity by hanging around this 1.2880/1.2900 region.
FX G10/EM Morning Trader Views
EURUSD – Nasty squeeze yesterday as mkt makers and spec guys reduced their positioning in anticipation of a deal/resolution in Cyprus.
FX G10/EM Morning Trader Views
EURUSD – So corporate buying strong again yesterday but the demand all filled as mkt got increasingly concerned on how things would play out in Cyprus
Are there any consensus trades out there?
Throughout the first quarter of this year, FX markets finally produced some strong trends and with them also better trading opportunities for investors.
FX G10/EM Morning Trader Views
EURUSD – No follow through on the move lower in Asia yesterday – some heavy corp demand stemming the downward pressure and ensuring we held well above the 1.2880 support lvl.