Tag Archives: GBP
CFTC: Dollar buying escalates – CAD net-short at six year high
Hedge Funds and other speculative traders continued their accumulation of dollars during the week ending March 5.
FX Market Week Outlook
The dollar rallied to more than three-and-a-half year highs against the yen and its highest level against the euro in three months on Friday after official data showed that the US economy added significantly more jobs than forecast in February.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3106 after rate had been pressured to extended recovery highs of $1.3119 as ECB Draghi failed to provide any dovish signals for a rate cut.
Mid-Day FX Market Analysis
EUR – Closed NY Wednesday at $1.2973, just off lows at $1.2970, after rate had been sold off on general dollar strength (reaction to strong ADP data)
FX G10/EM Morning Trader Views
EUR – Draghi time has arrived and with little fanfare it must be said, ADP data yesterday set the tone with the greenback rallying across the board with the headline pair trading 1.2965 in NYC and there is little bounce overnight.
FX Daily Strategist: Europe
– EUR reaction hinges on ECB inflation assessment; GBP vulnerable ahead of the BoE The EUR continues to trade with a heavy tone even as there is little sign of distress in the Italian bond markets – Italy- Germany 10Y spread has tightened further to 320bps, while Spain’s 10Y yields trade near 5%.
Mid-Day FX Market Analysis
EUR – Closed in NY Tuesday at $1.3050 after recovering from a pullback low of $1.3010, the rate having seen highs of $1.3075 earlier in the day.
Mid-Day FX Market Analysis
EUR – Closed in NY Monday at $1.3026 after rate had slowly crept higher through the day, off $1.2982 to a session high of $1.3029.
FX G10/EM Morning Trader Views
EUR – Quiet Asia session again as we head into the PMI no.s today in europe. We held the dip at 1.2980 yesterday in ldn and ny well with spec and corp buyers,
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3022, having been pressed to session lows of $1.2966 before recovering to $1.3042, then drifting off into the close.
CFTC: Dollar buying jumps the most in more than five years
Speculative traders in IMM currency futures were major buyers of dollars during the week ending February 26.
FX Market Week Outlook
The USD was broadly higher against the other major currencies on Friday as upbeat US data fuelled expectations for an early end to the Federal Reserve’s easing program,