Tag Archives: GBP
FX G10 and EM Morning Trader Views
G10 EUR – So now the decks fully cleared – US holiday tomorrow so expect a holding pattern into the ECB on Thursday – 1.2550 held on the dip yest , 1.2610/15 was the pivot yesterday so expect some weak stops 1.2620/40 topside – ultimately 1.2550/1.2670 for now.
FX G10 and EM Morning Trader Views
G10 EUR – So after Friday afternoons squeeze as people took further shorts off the table into the w/e, the break has allowed people to digest the news further and we have moved back into the range as people view the summit news as positive however realise there is still a long way to go […]
CFTC: Dollar long extended ahead of Fridays violent price action
The latest data from the CFTC covering the week ending June 26 showed that speculative traders in IMM currency futures increased their aggregate long dollar position by 20 percent to USD 27 billion.
GBP Analysis
Opened early Europe at $1.5630, stg0.8060, closed in NY at $1.5520, rate recovered from pullback lows of $1.5485 in late dealings. Cable ground higher in early Asian trade albeit stuck in a tight 30 pip range, before spiking sharply in tandem with EUR/USD to highs of $1.5628 as headlines from the EU summit began to […]
Asia FX Rundown
Europe news It’s all about the EU summit today. Here’s the statement: Summit. The market is most excited about the idea that the ESM/EFSF will not be senior to other Spanish bondholders, indeed this is good news for Spanish bonds.
GBP Analysis
Opened early Europe at $1.5595, stg0.8022, another quiet Asian session for cable, the rate closed Wednesday in NY at $1.5570, recovering from pullback lows of $1.5545 after the London fixings.
GBP Analysis
Opened early Europe at $1.5636, stg0.7993, another quiet Asian session and the rate eased to $1.5640 in late NY trade from earlier highs of $1.5648.
GBP Analysis
Opened early Europe at $1.5587, stg0.8029, the rate closed Monday in NY at $1.5565, cable bounced to $1.5580, then settled between $1.5568/88 for the remainder of the session.
Low expectations ahead of growth focused EU summit
This week the leaders of all EU countries will meet for a summit and of course as usual the debt crisis will be up for discussion. According to the draft agenda the Council will focus its discussions on initiatives to boost growth and jobs including structural reforms while aiming to agree an “EU growth agenda” […]
GBP Analysis
Opened early Europe at $1.5587, stg0.8043, GBP closed Friday’s NY session at $1.5575, before getting pressed to early lows in Asia of $1.5551, as the cross spiked to stg0.8076 from its NY close of stg0.8060, before bouncing to $1.5595 then settling between $1.5575/90 through the balance of the session.
CFTC: Dollar long cut by 44 percent; AUD back to neutral
Hedge funds and other money managers cut their net dollar long exposure through IMM currency futures by 44 percent following the Greek election and ahead of the US Federal Open market Committee meeting.
GBP Analysis
Opened early Europe at $1.5612, stg0.8041, GBP closed in NY at $1.5597, off traded lows at $1.5578 as rate was pulled lower by deeper EUR/USD slippage, with a paring back in risk the main driver.