Tag Archives: GBP
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 […]
GBP Analysis
Opened early Europe at $1.5965, stg0.7964, Cable closed in NY at $1.5913, after recovering off a late pullback to $1.5902. Rate extended this recovery into early Asia, the rate pushing to early session highs of $1.5933 before momentum faltered.
GBP Analysis
Opened early Europe at $1.6063, stg0.8022, Cable closed in NY at $1.6072 with early demand, following the weekend cut in China’s RRR by 50bps, taking the rate up to overnight highs of $1.6080 as early market reacted to Aussie’s lead.
GBP Analysis
Opened early Europe at $1.6140, stg0.8024, EUR/GBP came under pressure in early Asia, a UK clearer a noted seller as the stg0.8000 barrier was targeted. Rate posted fresh 42-month lows at stg0.8001 before recovering.
GBP Analysis
Opened early Europe at $1.6132, stg0.8040, GBP closed in NY at $1.6156, as rate pulled back from recovery highs of $1.6168. The corrective pullback continued through Asia as rate, initially marked highs at $1.6159, eased to a low of $1.6129 as it tracked EUR/USD slippage, with EUR/GBP diverting some of the pressure as it eased […]
In Asian session, EURUSD back to Monday lows, despite German data
The Asian session traded with a general risk-off feel to it with commodity-bloc currencies, and the EUR to a lesser extent, extending their recent bout of weakness. There were no major data releases to influence so it was equity markets that drove direction.
GBP Analysis
Opened early Europe at $1.6185 stg0.8124, GBP Closed in NY at $1.6158, the rate marked down to $1.6122 into the Asian open in line with EUR/USD as the European single currency was pressured lower following the anti austerity election results in France and Greece.
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 […]
GBP Analysis
Opened early Europe at $1.6186 stg0.8122, GBP closed in NY at $1.6198, after recovering off session lows of $1.6161. Rate marked Asian highs into opening trade at $1.6199 before tracking EUR/USD lower, though move was seen more of a drift in thin conditions as Japan closed Thursday and Friday to complete Golden Week holidays.
FX Daily Strategist: Europe
Disappointing US ADP cannot compensate for weaker PMIs elsewhere Risk remained under pressure yesterday, with sentiment weighed down by poor Eurozone and Swiss PMI data, and by pressure on Spanish and Italian bank stocks. EUR- and CHF-led dollar strength was partially reversed by the weaker than expected US ADP employment report, but while the USD […]
AUD pressured as services PMI suggests Oz economy deteriorating
With risk appetite already in the dumps following the overnight release of disappointing data out of both Europe and the US, early data from New Zealand and Australia did nothing to help the mood.