Tag Archives: GBP
Leveraged Funds Cut EUR, GBP Longs, Increased AUD longs
The following are key points in ANZ’s analysis for the latest speculative positioning report (positioning data is for the week ending 13 May.
The Week Ahead in FX
In the week ahead, investors will be looking to the minutes from the Federal Reserve’s latest monetary policy meeting, due for release on Wednesday, for insight on the central bank’s view of the economy.
Weekly CFTC Trader Positioning Data
This was a week of subtle but important change as the marketpared its long exposure to Europe driving the net USD position toflat. In addition, most trends are decreasing,
GBP Mid-day Analysis
The Pound has seemingly found some value on the charts and it would appear that the UK economystands head and shoulders above most others but that the relatively expensive recent price in
GBP Mid-day Analysis
After looking through the overnight headline flow we didn’t need to look at a chart of the Pound to knowit was going to be under significant liquidation pressure.
GBP Mid-day Analysis
The Pound is clearly undermined by BOE suggestions that it is premature to consider hiking interestrates, but the Pound might also be a little off balance because of central bank complaints about the lofty Poundexchange rate.
GBP Mid-day Analysis
The Pound has managed to respect its up-trend channel support line and recover overnight. With aslight corrective setback at the end of last week that should balance the
The Week Ahead in FX
In the week ahead, investors will be looking ahead to the BoE’s quarterly inflation report for further indications of the expected course of monetary policy.
Weekly CFTC Trader Positioning Data
The net short USD position widened to $6bn, with only CAD andJPY still held net short and AUD, NZD, MXN, EUR, GBP and CHF allheld net long. Over the last few weeks, positioning changes havebeen relatively minor.
GBP Mid-day Analysis
The Pound has also seen some corrective action after a short term overbought condition earlier thisweek on the charts. Unlike the Euro,
GBP Mid-day Analysis
While the Pound remains in an upward track on its charts, the currency is somewhat held back to startby less than stellar Halifax home price figures released overnight.
GBP Mid-day Analysis
While the Pound has the fundamental capacity to continue to rise on its charts, it is short termoverbought and in need of a modest corrective balancing move.