Tag Archives: GBP
CFTC: CAD net-short and NZD net-long both in new record highs
Money managers were net-sellers of dollars during the week ending April 9 according to the latest weekly data from the CFTC.
The Week Ahead in FX
The USD tumbled against the JPY after official data showed that US retail sales fell 0.4% in March, the largest decline in nine months and missing expectations for a 0.1% increase.
Bank of Japan easing is a market driver
Market movers ahead – In the US, the housing market will be in focus with the release of the NAHB housing index, building permits and housing starts.
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3102 after rate had pulled back following a second rejection from the $1.3138 level,
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3073 after rate had recovered off pullback lows of $1.3053, having seen extended highs of $1.3122 earlier in the session.
Mid-Day FX Market Analysis
EUR – Closed in NY Tuesday at $1.3082 after rate had bounced off pullback lows of $1.3029 to push above $1.3100, marking highs of $1.3103 before drifting off into the close.
FX Daily Strategist: US
– USD reaction to slightly dovish Bernanke hints of extended USD positioning Slightly dovish comments from Bernanke overnight led to a 50-pip rally in EURUSD and weakness in several USD/Asia pairs during the Asian session.
Mid-Day FX Market Analysis
EUR – Early trade into Asia saw rate contained within a tight $1.3011/19 range before it picked up demand on the back of another round of strong yen sales,
FX Daily Strategist: Europe
– Lower Chinese inflation, earnings and Bernanke to help risk-sentiment today Risk-sentiment should be better supported today helped by a strong start to US earnings season and much softer data from China (2.1% vs. 2.5% expected).
Mid-Day FX Market Analysis
EUR – Was marked down into the Asian open, early Wellington opening around $1.2965 as market reacted to press articles concerning the knock on effect of the Portuguese court decision,
CFTC: JPY positions squared ahead of BoJ – EUR selling continued
Hedge funds increased their gross-long dollar position by 4 percent against eight IMM currency futures during the week ending April 2 according to the latest Commitments of Traders (COT)
The Week Ahead in FX
The EUR and GBP turned higher against the USD on Friday after a weaker-than-forecast US nonfarm payrolls report for March fuelled fears that the recovery in the labor market is losing momentum.