Tag Archives: NZD
FX Quant Fund Positioning Data
The following are the latest weekly positions updates on Societe Generale’s FX Quant Fund which runs systematic currency strategies by SocGen’s quant analysts.
Weekly CFTC Trader Positioning Data
• Traders are active in the most liquid currencies; with the largest positions reported as shorts in EUR ($10bn) and JPY ($9bn) and the net long GBP ($5bn) and AUD positions ($3bn);
Beware The Trade Lags
NZ’s May trade statistics were another strong set of figures. This is a continuation of recent results with familiar themes, namely:
New Zealand At A Glance
The New Zealand economy continues to pick up the pace. While Canterbury’s reconstruction remains a backbone, the upswing is radiating more and more into the various other regions and industries.
Oil Price Risks In Major Currencies
The outlook for oil prices have moved on to investors driven by potential supply disruptions as tensions rise in Middle East.
Weekly Leveraged Funds Positioning Data
Net EUR position stayed relatively constant for the first time since the start of May when the ECB President hinted of a rate cut that materialised in the 5 June ECB meeting.
The Week Ahead in FX
In the coming week, the U.S. is to release data on consumer confidence, durable goods orders and home sales. Preliminary data on manufacturing activity from China and
FX Quant Fund Positioning Data
The Societe Generale FX Enhanced Risk Premia strategy has kept its pro-risk positioning over the week.
Weekly CFTC Trader Positioning Data
• Central banks and geopolitics appear to have driven this week’s shifts in sentiment, specifically investors’ reactions to the BoE Mansion House speech, developments in Iraq, and positioning ahead of Wednesday’s Fed.
GDP Disappoints Only the Overly Enthusiastic
We wouldn’t make too much of the fact March quarter GDP, in expanding 1.0%, fell short of the 1.1% increase expected by the market, and us.
Credit Suisse: FX Analysis
USD: Bullish. As the Fed continues to taper, we expect many EM currencies to gradually come under pressure,
Buffers Buffer Better
We were amazed at this morning’s NZ Balance of Payments figures – amazed that they were so very close to expectations.