Tag Archives: NOK
FX Quant Fund Positioning Data
There have been no substantial changes in the aggregated positions since last week except for an increase in the short kiwi position.
Norges Bank: New rate path- no short term downside risk
No change in rates from Norges Bank. No more chance of a cut short term
FX Quant Fund Positioning Data
The most substantial change in terms of positioning this week has been the cut in the long AUD, NZD and
FX Quant Fund Positioning Data
The main change in terms of positioning this week has been the increase in the short JPY and long CAD position.
FX Quant Fund Positioning Data
The aggregate positions of the SG FX Enhanced Risk Premia have not changed substantially over the week. The biggest longs continue to be USD, AUD, NOK and NZD.
Norway: Retail sales on the downside –the weather will get the blame
Retail sales surprised on the downside, but will probably not be given too much weight.
Norway: Labour market – on the weak side to consensus, but..
LFS unemployment in June somewhat higher than we expected,
The Global Macro Pulse
G10 FX rates drifted sideways, with EURUSD at 1.340, AUDUSD testing its Friday highs at 0.9282, and
FX Quant Fund Positioning Data
During the week the SG FX Enhanced Risk Premia increased the long dollar position and substantially cut the long NZD position.
Norway: Stronger than expected labour market
With NOK much weaker than expected and unemployment decreasing a rate cut is very far away.
The Global Macro Pulse
G10 FX has traded sideways. USDJPY is at 102.89, EURUSD is trading 1.3388, and AUDUSD is flat to its Asian open at 0.9295.