Tag Archives: NZD
FX G10/EM Morning Trader Views
EUR – Choppy yesterday but despite early selling through 1.2690 and a weak ZEW the mkt failed to extend to even test that 1.2650 cloud base on the daily’s.
FX Daily Strategist: US
– Greek parliament passes 2013 budget…EUR waits for more The euro held above 1.2700 in Asia following a successful vote by Greece’s ruling coalition in parliament on Sunday to approve the 2013 budget law.
CFTC: Dollar positioning back to neutral as EUR and JPY are sold
Speculative investors in the eight IMM currency futures continue to scale back their aggregate short dollar position. As of November 6 the short position stood at USD 4.7 billion, a one-third reduction on the previous week as the greenback was bought against six out of eight currencies, especially EUR and JPY.
FX Daily Strategist: Europe
– NZD: Surprisingly weak unemployment data causes a NZD collapse The NZD fell sharply this morning after unemployment unexpected jumped in to a 13-year high, reviving speculation about an RBNZ rate cut.
European FX Daily
– Japan recorded the first current account deficit (sa) since 1996 – AU employment surprised strong, NZ weak – Focus on BoE and ECB – Spain to sell 2yr, 5yr and 20yr bonds today
Asia Today: Opposite jobs reports from the Tasman Sea; Oz vs. NZ
With the US election concluded, we were back on data-watch in Asia. The Australian employment report was a surprise to the upside with a solid 10,700 jobs added in October, a respectable number considering the paltry +500 print expected.
Americas FX Daily
Currency markets stable after status quo vote What happened overnight – Obama wins re-election, Democrats retain Senate, GOP retains House – German and Spanish September IP weaker than consensus – Norway September IP weaker than expected – Swiss data confirm no intervention from SNB in October
European FX Daily
– Obama wins re-election, USD weakens – Polish central bank to cut rates – Greek parliamentary vote on austerity package in focus
Americas FX Daily
RBA surprises ahead of US election results What happened overnight • RBA leaves rates unchanged, with less dovish than expected statement • US elections exit polls available starting 7pm EST today • German factory orders surprised sharply lower • PMI revised lower in Germany and France, higher in Spain and Italy
FX G10/EM Morning Trader Views
EUR – Trades poorly, only just managing a close above the 200 day (1.2830) in ny and now running stops 1.2810-1.2782 low. Its the first time i dont want to be no long eur now that these range lows at 1.2800 have broken.
Currency Weekly: US poll: MXN will rock and roll
For currency markets, we believe USD-MXN is the best way to express a view on the outcome of the US election and the subsequent fiscal debate. Other candidates are deficient for various reasons.
FX Daily Strategist: Europe
– USDJPY to be sensitive to today’s NFP; Watch the jobless rate Stronger US data (including the ADP and the ISM) has resulted in a risk-on reaction and the USD weakening against the higher beta commodity currencies yesterday i.e.