Tag Archives: NZD
CFTC: EUR short reduced as dollar selling continued
Speculative traders in IMM currency futures continued to sell dollars ahead of Jackson Hole last Friday. The data covering the week ending August 28 showed an aggregate dollar short position of USD 5 billion with most of the selling occuring against the EUR and to a lesser extent the JPY and CAD.
FX Daily Strategist: Europe
*Sharp rally in NOKSEK is set to continue. We target 1.17. Our long NOKSEK recommendation is showing some signs of life with a large move higher to break above its 55 dma (1.1449). A sustained close above that level today would target a move to its 200 dma (1.1639) – well on its way to […]
Global Technical Watch – Quick Charts (Aug 29)
The lower break in the Shanghai Composite last week is having a bearish ripple effect across Asian currencies. On the TRENDS Heatmap, underperformance of EM Asian and the AUD, NZD are standouts.
CFTC: Dollar position negative for the first time in 11 months
Money managers continued as net sellers of dollars for the fifth week in a row according to data from the CFTC covering the end of trading on August 21, which was one day ahead of the release of the dovish Federal Open Market Committee minutes from the US Federal Reserve.
European FX Daily
* Markets retrace yesterday’s gains * Singapore manufacturing weaker than expected in July
European FX Daily
* Stronger equities and a weaker USD in Asian trading * RBA minutes solidly in line with the monetary policy statement * Spain to sell bills today
CFTC: AUD gross long in new record; Aggregate dollar long drops
Money managers and other speculative traders continued to reduce their long dollar positions during the week ending August 14. The aggregate dollar position versus the eight IMM currency futures which we track in this report dropped to USD 4.6 billion, which is the lowest level in 11 months.
European FX Daily
* Asian currencies and equities mixed * Singapore exports (NODX) contracted in July, but better than expected * We have raised our three-month USDIDR forecast to 9700
European FX Daily
* We expect modest UK retail sales growth * Turkey likely to narrow its interest rate bands * Consensus expectation is for a rebound in the Philly Fed * We recommend short EURMXN and long EURTRY positions
Dbdaily: European Edition
HEADLINES… * Markets: EU/US equities modestly in the red on weekend comments from ECB’s Coene and as newswires report a possible challenge to the German Constitutional Court’s ESM ruling, CHN bourses also a little softer early Tuesday but most of Asia in the black.
European FX Daily
* Kiwi retail sales stronger than expected * Indian central bank reiterates hawkishness * Euro area GDP likely contracted in Q2 * Greece to sell EUR3.1bn of 91-day bills
CFTC: Net dollar long at six month low; AUD receives another lift
Speculative investors in the eight IMM currency futures tracked in this report continued to scale back their dollar long positions for a third week.