Tag Archives: GBP
US Market Preview
USD: The Dollar is finding moderate pressure this morning and has already reached a fresh 2-month low.
Mid-Day FX Market Analysis
EUR – Closed in NY Tuesday at $1.3165 after the euro took advantage of a data weakened dollar, as well as pre FOMC positioning, to push to session highs of $1.3186,
UK manufacturing PMI rises
Following the upbeat UK gross domestic product figures released last week which showed that Britain managed to avoid a triple-dip recession,
US Market Preview
USD: The Dollar has been able to shake off overnight pressure and post modest gains this US morning, although upside momentum has been limited at
Economic developments adding to Riksbank headache
So far this year, SEK has been the one of the strongest performing G10 currencies. According to our own flow data and SEK Views survey mainly foreign investors have bought the SEK,
Mid-Day FX Market Analysis
EUR – Closed in NY Monday at $1.3100 after pivoting around this level within a $1.3077- 1.3117 range.
US Market Preview
USD: The Dollar is finding significant pressure to start out the new trading week, and is likely to remain squarely on the defensive throughout today’s trading session.
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3030 after rate had recovered off intraday lows of $1.2991, the dollar under pressure following the release of softer than forecast US Q1 GDP data.
CFTC: AUD longs and JPY shorts scaled back
Hedge funds were small net buyers of dollars during the week ending April 23 as selling of AUD and EUR more than offset buying of JPY and CHF.
The Week Ahead in FX
In the week ahead, investors will be awaiting the outcomes of policy meetings by the Federal Reserve and the ECB, as well as Friday’s closely watched report on US nonfarm payrolls.
FX SENTIMENT REPORT
– Traders continue to hold a net long USD position of $16.6bn, with short positions in CAD, JPY, EUR and GBP and long positions in AUD, NZD, MXN and CHF.
The Week Ahead
– Two-day meeting concludes on Wednesday but the meeting is intermediary and will not be followed by press conference or new updated forecasts