Tag Archives: NZD

Synchronised Improvement

• Current account deficit dips back below 5% of GDP

FX G10/EM Morning Trader Views

EUR – Quiet in the main yesterday although remains firm on a 1.33 handle as we approach FED tomorrow – ZEW out later this morning could possibly add some volatility to eur,

June Outlook for Borrowers

• The market has moved toward pricing our view of a first OCR hike in March 2014

CFTC: AUD short reaching record; EUR short almost removed

Hedge funds cut their long dollar exposure through IMM currency futures by almost one-third during the week ending June 11.

FX G10/EM Morning Trader Views

EUR – So an important week ahead of us for the USD – With the mkt likely to seize on any attempts by the fed to calm mkt uncertainty over tapering

FOMC meeting is the highlight for the week. UK and European dataflow is limited today…

This week starts on a quiet note, with little in the way of data due over today’s European and US sessions (see table).

Weekly Commentary

On the face of it, last week’s Monetary Policy Statement seemed to be a straightforward affair, with the RBNZ maintaining its stance on interest rates and

The Week Ahead in FX

In the coming week, markets will be focusing on Wednesday’s Federal Reserve policy meeting,

FX SENTIMENT REPORT

The net short EUR position collapsed from $8.4bn last week to $1.3bn this week, a level not seen since February and one that suggests a bullish turn in EUR sentiment.

FX G10/EM Morning Trader Views

EUR – Eur x’s held lvls well yesterday and so did eur at 1.3275/80 – Spec selling during the day met with RM demand and

The Week Ahead

• Australia’s May jobs data showed more resilience than expected with a 1.1k rise, after April’s 45k jobs surge with the unemployment rate easing to 5.5%.

FX Strategist – Japanese portfolio flow monitor

Repatriation continues, investment trusts increase allocation to EM The weekly portfolio flow data showed overall repatriation by Japanese investors.