Tag Archives: NZD
CFTC: JPY selling resumes with an added twist
Speculative traders bought dollar against all eight IMM currency futures apart from EUR during the week ending January 29.
FX Market Week Outlook
The dollar hit fresh 14-month lows against the euro on Friday as U.S. jobs data reinforced expectations that the Federal Reserve would maintain its monetary easing program.
FX G10/EM Morning Trader Views
EUR – EURUSD and EURxxx still bid to high heaven at the moment, decent two way over yesterdays month end fix but 1.3540 support held firm and we rallied into the New York close taking out stops through 1.3580 and 1.3600.
FX Daily Strategist: Europe
– Fed and US data offer little help to the USD The FOMC reaffirmed its commitment to the USD 85bn per month asset purchase program and made only minor changes to the language of its statement.
Further upside pressure in EUR/USD after repayments
On 30 January 2013, 3y loans worth EUR 137.159bn will be repaid to the ECB, reducing initial tender volume from EUR 489bn to EUR 352bn.
FX G10/EM Morning Trader Views
EUR – Another rangey Asia on a 1.34 handle. Although eur x’s lose a bit of their recent steam especially against aud,nzd and cad. Lvl to watch still 1.3400/10 for me on the downside
European FX Daily
– RBI cuts repo rate and CRR – Australia’s NAB business confidence rose – New Zealand’s trade deficit narrowed on falling imports What to watch for today USD: Less confident. We expect a decline from 65.1 to 63.0 in Conference Board consumer confidence, a bit weaker than the 64 consensus.
CFTC: Net EUR long rising at the expense of CAD, GBP and CHF
The weekly snapshot from the CFTC covering the week ending Tuesday 22 January showed that hedge funds and other large investors continued to accumulate net-long EUR positions while long positions in CAD, GBP and CHF were scaled back.
FX G10/EM Morning Trader Views
EUR – After Fridays break of that key resistance at 1.3400/10 Friday on the LDN open, rather quiet and rangey o/n in Asia stuck 1.3440/70
FX Market Week Outlook
The euro rallied against the dollar and the yen on Friday boosted by hopes that the worst of the crisis in the euro zone has passed,
FX G10/EM Morning Trader Views
EUR – The whippy price action continues within this 1.3250/1.34 range but today we have the euro area pmi’s to contend with – right now eur x’s holding up well,
FX G10/EM Morning Trader Views
EUR – Wild and choppy best describes yesterdays price action and we sit right in the middle of the range 1.3250/1.3400.