Tag Archives: EUR/AUD
Euro re-squeezed ahead of Friday’s main event
The positioning squeeze on stale short Euro and long Aussie trades continues as the markets mull how much QE3 is priced in and what Bernanke may or may not hint at this Friday.
Technical Analysis
Gold shines & AUD/USD erasing support… EUR/USD The “cloud” so far capping… AUD/USD Ended below 1.0410… EUR/SEK All correction targets met… USD/SEK Still hovering above support…
FX Daily Strategist: Europe
* FX to more clearly price in QE3; EURUSD the best vehicle at present As anticipated, the FOMC minutes yesterday came in on the dovish side and saw the USD weaken against both EUR and JPY. It now appears that the markets are truly beginning to ponder QE3 more seriously;
FX Daily Strategist: Europe
* Political events in Europe should further restore confidence in the EUR The EUR held onto its Tuesday recovery throughout the remained of the New York and Asia trading sessions, but the lack of a rebound in the commodity currencies and large moves in EURAUD, EURCAD and EURNZD reflects that much of the move likely […]
Technical Analysis
Firmer $, correcting Scandies, bond yields on the rise… EUR/USD Breaking down from the flag!?… USD/NOK Bouncing off the 2009 top line… EUR/SEK At least an 8.31 bounce… USD/SEK Trying to hammer out a base…
Positive US data – good or bad for the USD?
What to do with the US dollar on positive US data? It’s tough to argue that the USD should sell-off if this means a delay to QE3. Is this market so hung up on the central bank liquidity that good is bad for risk?
Technical Analysis
EUR/SEK, EUR/NOK & EUR/AUD corrections could be expanded… EUR/USD More sideways “action”… EUR/SEK Correctional forces at play… EUR/AUD Correcting towards ~1.1800\50… EUR/NOK Testing resistance at 7.34\35…
Strong AUD – when is enough simply enough?
The Aussie weakened rather sharply today without much in the way of catalysts, a move that has me sitting up and taking notice. But we’ll need to sell a generalized reduction in risk appetite to see a more durable sell-off.
Americas FX Daily
Australia data help EUR-funded risk trade What happened overnight * Australia jobs data better than expected; NZ worse * China growth data weak but inflation leaves room for easing * BOJ and BOK leave policy unchanged
Global Technical Watch – Quick Charts
Increased fears are well reflected in the VIX Index, which popped higher yesterday. In line with this, even some orderly downtrends, such as EUR/AUD, posted Bullish Reversal Days.
Taking profit on short EUR/AUD trade idea
* We are taking profit on our trade recommendation of being short EUR/AUD via options, initiated on 29 June 2012 at a cost of 41bp and a net gain of 90bp.
PBOC joins ECB and BoE easing fest, but EUR and risk are wilting
The Euro is was very weak on the ECB cut, even if it was in line with expectations. Meanwhile, the PBOC joined the easing action with a rate cut of its own – Aussie tried to jump on the news, but should it?