Tag Archives: NZD
MARKET FOCUS
This week begins with the NZD on the back foot, weighed down by broad-based USD buying. The NZD has been rattled by the USD rebound, talk of intervention,
CFTC: Dollar bought ahead of the spike due to AUD weakness
Hedge Funds were already busy buying dollars ahead of the Thursday spike during the week ending May 7 according to the
The Week Ahead in FX
In the coming week, investors will be awaiting preliminary data from the euro zone and Japan on first quarter economic growth, as well as the ZEW report on German economic sentiment.
FX SENTIMENT REPORT
CAD SHORT COVERING ACCELERATES • This week, traders favoured adding to USD long positions, driving the net position to $18bn.
The Week Ahead
It was a positive week for global equities. The US share market hit new record highs, while the ASX continued to grind higher.
AUD and NZD rush higher on jobs data
Both of the Antipodeans report much better than expected job growth, catching the short-term market off guard and squeezing shorts.
FX G10/EM Morning Trader Views
EUR – Similar story to yesterday in that the lvls 1.3030-1.3150 remain key in the short term.
RBNZ Concerned Over Growing Financial Stability Risks
The RBNZ managed to keep more capitals and curb loans at the largest banks in New Zealand to curb the recent prices increase especially in houses prices
Join the USD bulls but patience required
Some six years after the global financial crisis began, when the US housing bubble burst, global central banks are still easing monetary policy.
FX G10/EM Morning Trader Views
EUR – Quiet week for data and eur relatively quiet in Asia – After Fridays post payroll sell off and nasty retrace we seem to have defined a few levels for this week.
G10 FX financial scorecard
– This week the scorecard recommends buying JPY, GBP, USD and selling AUD, SEK, NZD.
CFTC: JPY net-short reduced again ahead of resistance
Hedge Funds only made some small adjustments to their IMM currency futures positions during the week ending April 30.