Tag Archives: GBP
Weekly Economic & Financial Commentary
U.S. Review Softer Consumer Spending to Start Q2 • The second look at Q1 GDP growth showed little change from the first release.
Mid-Day FX Market Analysis
USD: The Dollar has put together a moderate recovery rally this morning, but still has some work to do after a sizable downside breakout took prices well below their mid-to-late May trading range.
Mid-Day FX Market Analysis
USD: The Dollar followed through on yesterday’s severe turnaround with a downside breakout during overnight trading,
FX Technical Volume Strategy: Cable – positive volume flow
• Cable On-Balance Volume is on the rise as upticks have seen stronger volume than downticks over the past few sessions. Short term, 1.50 is likely to hold firm.
Mid-Day FX Market Analysis
USD: The Dollar was unable to follow-through on overnight strength this morning, and has drifted back into negative territory and
FX G10/EM Morning Trader Views
EUR – Still dancing around in the range – yesterdays fail at 1.2950 area topside, with supply from rm/spec accounts – pre-empted the sell off post US consumer confidence data,
Mid-Day FX Market Analysis
USD: The Dollar has started out this holiday-shortened trading week with modest gains, and has moved closer to the midway point of last week’s volatile trading range.
FX G10/EM Morning Trader Views
EUR – Continues to chop about in this 1.28/1.30 range, with RM/Lev selling the last times we traded to 1.2980/00 lvl while corp names remain buyers on dips to 1.28/1.2830.
FX Quant and Positioning Weekly
Speculators loading up on short EUR contracts Price based indicators • FX-O-meters: AUD/USD down and EUR/AUD up are the strongest trends but also the most stretched currency pairs.
CFTC: Hedge funds the most dollar bullish since last June
Hedge Funds seeking currency exposure through the use of IMM currency futures were buyers of dollars again for a fourth week during the one ending May 21,
The Week Ahead in FX
In the week ahead Investors will be looking data on GDP from Canada and Switzerland as well as a rate decision by the Bank of Canada.
FX Sentiment Report
TRADERS INCREASE LONG USD EXPOSURE • The net USD position rose to $34bn (a large week‐over‐week increase of $9.3bn). This represents the largest net long position in a year and highlights a notably bullish environment for the USD.