Tag Archives: NZD
AUD pressured as services PMI suggests Oz economy deteriorating
With risk appetite already in the dumps following the overnight release of disappointing data out of both Europe and the US, early data from New Zealand and Australia did nothing to help the mood.
Americas FX Daily – Weak European PMI weigh on sentimen
Weak European PMI weigh on sentiment What happened overnight – Italian and Spanish PMI deteriorate in April, driving euro area PMI lower – Norway PMI falls 4 points, Swedish PMI moves sideways – Swiss PMI declines back below 50, lowest since November 2011
FX Daily Strategist: Europe
ISM gives USD and CAD a boost, but ADP may reverse USD gains US equity markets forged higher with the upside surprise in the ISM manufacturing survey a contributing factor, only to give back a big chunk of the gains in the last hour and for no obvious fundamental reason.
Speculative Positions
Positive GBP sentiment SEB Risk appetite index (RAI) Risk appetite ended the week slightly better but off the weekly highs.
Calm Asian markets, one eye on the RBA (and holidays!) tomorrow
It was a quiet start in Asia to what will be a busy week, with holidays in Japan and China impacting activity. Currencies were range-bound and barely changed from Friday’s New York closing levels.
FX Daily Strategist: Europe
FOMC commentary challenges view of ‘More Twist in June’….. Treasuries initially sold off and the dollar drew support from the FOMC post meeting statement. These moves were subsequently reversed after Mr Bernanke made clear in the post-meeting press conference that ‘We remain prepared to do more’.
FX Daily Strategist: US
Weak UK GDP holding back GBP for now – looking to short EURGBP The worse-than-expected UK GDP print was the focal point this morning, against a back drop of rebounding risk appetite and equity markets. The first release of UK Q1 GDP showed that the UK economy contracted 0.2%, weaker than expectations of 0.1% q/q […]
European FX Daily – AUD hurt by weak Australia CPI
– AUD down 0.6%, Asian stocks down 0.1-1.1% – Weak Australia CPI supports RBA easing – Italian bond auction in focus – Hungary MC to keep rates on hold at 7%
Speculative Positions
JPY net short slightly trimmed SEB Risk appetite index (RAI) Risk appetite was more or less flat last week, congesting the rapid fall out of the risk neutral zone. Summary of the speculative accounts in the IMM part of the CFTC report for the period 4-10 April:
FX Daily Strategist: Europe
EURUSD posts two-week high, but eases as elections weigh Confirmation from the G20 gathering on Friday that additional IMF funding commitments amounted to some $430bn may or may not have contributed to the firmer EURUSD rate, including the push up through 1.3200 and to the pair’s best levels since April 4.
FX Daily Strategist: Europe
FX markets stuck in ranges as vols continue to edge lower – despite stress signals elsewhere The lack of conviction in FX markets continues to frustrate, with moves seemingly confined to clearing out short-term stops. The inability to break out of recent ranges was nicely illustrated yesterday by the lack of reaction in EURUSD to […]
Technical Analysis
NZD lower, Italy a must watch, EUR/USD Short term directionless… NZD/USD Ended below the bear flag… EUR/SEK Still bids at the 55d ma low… USD/SEK Something’s soon to break… EUR/NOK Bottoming out process… USD/JPY Taking a shot at resistance.