Tag Archives: NZD
Asia FX Rundown
Merkel strong statement against Eurobonds yesterday damaged Spanish+Italian bonds a lot but broader risk sentiment survived largely unchanged.
CFTC: Dollar long cut by 44 percent; AUD back to neutral
Hedge funds and other money managers cut their net dollar long exposure through IMM currency futures by 44 percent following the Greek election and ahead of the US Federal Open market Committee meeting.
NZD Analysis
The currency is holding steady versus the USD as the market awaits the release Wednesday of current account data and Thursday of GDP data for fresh trading leads.
EURUSD déjà vu all over again
This Monday has largely been a repeat of last Monday – but will the rest of the week look anything like last week? FOMC is the next potential stumbling block for the recent risk rally.
Currency Weekly: Commodity currencies: not quite what you think
With commodity prices falling in recent weeks, the market has been selling the traditional commodity currencies (AUD, NZD, and CAD). However, the relationship is more complex than it appears.
Currency Outlook: Euro fallout: GBP beware schadenfreude
We believe Greece will remain in the euro, but analyse the situation using a simple decision tree framework to look at other possible scenarios. We would caution that GBP may not be the shelter from the euro storm that many suggest. There are grounds for GBP’s resilience, but these could vanish were the euro situation […]
FX CFTC: Dollar long rising again – look out for the correction
Speculators expressing their views through the holding of IMM currency futures increased their net long exposure to the dollar again during the week ending May 29. The increase however was the smallest recorded during the last four weeks of dollar buying with the selling not concentrated against one single currency alone but spread out particularly […]
FX CFTC: Flight to dollars (and JPY) intensifies
The weekly collection of data from the CFTC covering the week ending May 22 showed a huge increase in the net dollar long postion as all of the eight IMM currency futures were sold apart from the JPY.
FX CFTC: USD long reaching a new high on bearish EURUSD sentiment
The negative sentiment towards the EURUSD among hedge funds and other large investors reached an all time high last week. The recent data from the CFTC covering the week ending May 15 saw them selling a net 29.9k contracts of EUR futures representing a value of USD 4.8 billion.
Speculative Positions
Largest net short speculative EUR position ever! SEB Risk appetite index (RAI) Risk appetite continued to fall and is now slightly lower than at the start of 2012. Summary of the speculative accounts in the Commitment of Traders report for the period 2 – 8 May: Most extreme positioning: Net short EURLargest change: Increase in […]
Headline Oz jobs look strong – but are they really that good?
The surprisingly strong Australian jobs report in March led many to anticipate a mean-reverting softer number in April, but it was not to be. On the headline, Australia added 15.5k jobs in the month, well above consensus of -5.0k, and the unemployment rate dipped to 4.9 percent, the lowest in a year. But drilling down […]
Speculative Positions
Recent reversals in USD/CAD and GBP/USD confirmed by positioning data SEB Risk appetite index (RAI) Risk appetite is falling. RAI is working its way through its support area in a continuation pattern of the previous sharp fall. Summary of the speculative accounts in the Commitment of Traders report for the period 25 April […]