Tag Archives: NZD
AUD and NZD: The fiscal cliff and beyond
We have revised lower our near-term AUD/USD and NZD/USD forecasts given continued US fiscal cliff uncertainty.
European FX Daily
– Chinese new loans modestly softer in November – Aussie business confidence down in November – Light data calendar leaves Italian politics and Greek buyback in focus
Asia FX Market
The dollar was marginally stronger against the yen in Asian trade Tuesday on expectation of more easing by the Bank of Japan and up slightly versus the euro.
CFTC: AUD long at record high – JPY short at five-year high
The weekly look at money managers exposure in the eight IMM currency futures reveals some major changes during the week ending December 4.
FX G10/EM Morning Trader Views
EUR – ECB day has arrived and we have moved back into the range after a failure at that 1.3140 oct highs yesterday.
EURUSD headed for 1.3000 test post-ECB?
ECB on tap – no rate cut expected, but could we see a set up meeting for a rate cut down the road? Also, the US employment report could move market more than recent reports if it proves a surprise to consensus.
European FX Daily
– RBNZ on hold but more hawkish than expected – No change from ECB and BoE expected today – We recommend buying 6m USDBRL puts financed by selling 3m double one-touch
CFTC: JPY overtakes EUR as most sold currency
Money managers continued to aggressively sell the JPY during the week ending November 27, despite Japan’s Liberal Democratic Party leader Abe sounding less aggressive on the Bank of Japan’s future monetary policy.
FX G10/EM Morning Trader Views
EUR – support at 1.2880 held perfectly yesterday as a quick headline saw waves of short covering with this showing no signs of slowing overnight.
FX G10/EM Morning Trader Views
EUR – Mkt seem to be leaning on bids 00/10 zone with stops awaiting below the 00 – yesterday definitely a buy the rumour of greek deal sell the fact with the inability of eur and eur x’s to break through important range highs across the board leading this sell off.
FX G10 and EM Morning Trader Views
EUR – Finally Europe get the deal done and we see a spike in eur and eur x’s but as yet no follow through on yesterdays move.
CFTC: USD bought against all eight IMM currencies
Money managers and hedge funds flocked to the dollar during the week ending November 20, according to data released late due to a US holiday on Friday. During the week some seven billion dollars were bought, primarily against JPY, EUR and GBP.