Tag Archives: NOK
FX G10/EM Morning Trader Views
EURUSD – Nasty squeeze yesterday as mkt makers and spec guys reduced their positioning in anticipation of a deal/resolution in Cyprus.
FX G10/EM Morning Trader Views
EURUSD – So corporate buying strong again yesterday but the demand all filled as mkt got increasingly concerned on how things would play out in Cyprus
Are there any consensus trades out there?
Throughout the first quarter of this year, FX markets finally produced some strong trends and with them also better trading opportunities for investors.
FX G10/EM Morning Trader Views
EURUSD – No follow through on the move lower in Asia yesterday – some heavy corp demand stemming the downward pressure and ensuring we held well above the 1.2880 support lvl.
FX G10/EM Morning Trader Views
EURUSD – So mkt takes the Cyprus news badly very similar reaction to the Italian election result. Eurjpy in particular an ugly open, followed by eurusd
FX Daily Strategist: US
– GBP in a short squeeze; Upper House approves all 3 BoJ nominations GBP has seen a sizeable bounce above 1.5100, which we suspect has been primarily driven by the market’s overextended short positioning.
FX G10/EM Morning Trader Views
EUR – While short eur worked well initially yesterday as we traded to a low of 1.2911 the lack of follow through an subsequent nasty squeeze all the way back above 1.3030 has ensure i cut shorts for now.
FX Daily Strategist: US
– EURCHF supported by SNB and Spanish debt auction NOK was the under performer in the european session, hurt by a more dovish Norges Bank statement, causing EURNOK to rally back to mid-Feb highs above 7.5000.
Additional NOK weakness after dovish Norges Bank
Norges Bank surprised even the most dovish expectations today with substantial revisions of the rate path.
AUD pops higher on payrolls. SNB keeps relatively quiet.
RBNZ nixes the kiwi The RBNZ was out with some rhetorical intervention on NZD strength – saying that it could cut rates if the kiwi remained too strong to help it cope with the threat of drought –
FX G10/EM Morning Trader Views
EUR – So another fail at 1.3070/80, a weaker Italian auction and strong US retail sales led us to an unwind of long eur and eur x positions.
All eyes on Norges Bank’s rate path
NORGES BANK: HOW MUCH LOWER RATE PATH? While markets and economists forecasts unchanged rates at 1.50% today, expectations on the new rate path are split.