Tag Archives: NZD
European FX Daily
– EU summit signaled support for Greece, but gave little clarification on ESM’s direct bank recap – EURUSD held above 1.30, Asian currencies fell – We recommend buying 3m GBPCHF call spreads, and selling NZD against an equally weighted basket of AUD and GBP
European FX Daily
– China’s 3Q GDP accelerated from Q2 and September data surprised positively – Turkey likely to ease monetary policy – Philly Fed in focus in the US – We recommend selling INRTWD
European FX Daily
– Asian shares and currencies gain – Spain retains investment grade credit rating from Moody’s – Singapore exports surprised weak – Focus on BoE minutes to assess further QE risk
European FX Daily
– RBA cut 25bps and sounds dovish – Korean inflation rose in September, but remains a non-issue – Light data calendar today
Americas FX Daily
Weak data leads to a broadly weaker Euro What happened overnight – Euro zone economic sentiment falls to a new 2009 low – Italian business confidence up a bit from weak levels – German unemployment rises for sixth straight month
FX Daily Strategist: Europe
– EUR, AUD & NZD rebound but peripheral eurozone risks continue to steer the markets Broad USD strength has reversed during the Asian time zone despite ongoing concerns over Spain. The EURUSD has bounced to 1.29 while the rise in Australian jobs vacancies (+ 4.2% in August) has pushed the AUDUSD back above 1.04.
Asia Today: USDJPY pops higher after aggressive BOJ easing
Asia spent the morning waiting for the Bank of Japan announcement and kept currencies tight-ranged but at the lower levels established overnight.
FX G10 and EM Morning Trader Views
G10 EUR – Few little eur negatives this morning – first being the failure again at 1.3170 lvl – twice now we have had aggressive pullbacks post heavy buying
European FX Daily
– EURUSD traded above 1.30, AUDUSD towards 1.059 – We expect US retail sales and IP stronger than consensus – We have revised our EURUSD three-month forecast higher to 1.23
FX G10 and EM Morning Trader Views
G10 EUR – Dips remain shallow barring 1 crazy sell off pre the esm vote in Germany yesterday down to 1.2815 – We go into the FOMC today against some pivotal resistance lvls at 1.2950/80/1.30 a break and close above 1.3050 would create further pain for the remaining shorts however its unlikely we see that […]
European FX Daily
– China new loans stronger than expected in August – Australia’s NAB business confidence index fell in August – Canadian housing data likely to be weak
Asia today: No change RBA; Statement a tad more upbeat than exp
After the flurry of PMI data yesterday, Asia switched to central bank mode with the RBA announcement the key item on the agenda. The RBA left rates unchanged at 3.5 percent, as expected, though the economy is running close to trend. It noted that previous rate cuts are still working their way through to the […]