Tag Archives: NZD
FX Daily Strategist: US
– EURUSD waiting for news from Cyprus EURUSD has been trading in a familiar 1.2880-1.2950 range as the situation in Cyprus remains clouded in uncertainty.
FX G10/EM Morning Trader Views
EURUSD – Cyprus still rumbling on, and not for the better, throw in weak German and French PMI’s and eurusd seems to be defying gravity by hanging around this 1.2880/1.2900 region.
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
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
CFTC: Dollar still favored as JPY selling picks up again
Money managers were net-buyers of dollars for a third week as selling pressure on CAD, GBP and especially JPY continued.
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.
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.
FX Daily Strategist: Europe
– SNB to maintain the pressure on CHF The USD remains well supported after stronger than expected US February retail sales data, which implies that our Q1 GDP growth projection has moved closer to 2% q/q saar from 1.5% previously.