Tag Archives: USD
Weekly CFTC Trader Positioning Data
The net short USD position widened to $6bn, with only CAD andJPY still held net short and AUD, NZD, MXN, EUR, GBP and CHF allheld net long. Over the last few weeks, positioning changes havebeen relatively minor.
Weekly Economic & Financial Commentary
U.S. Review From Bad to Worse: A Contraction in Q1 GDP Growth? · The trade balance data this week, for March, showed that the trade deficit was $40.4 billion,
USD Mid-day Analysis
More short covering in the Dollar overnight puts the Greenback above the mid-point of the last twoweek’s range. Clearly a large portion of the buying in the Dollar is technical short covering after the aggressive
Strong rejection from the $ key support. NOK stronger
EUR/USD: The minimum target, a move above 1.3967, was yesterdayachieved however falling short of our ideal target, the wedgeceiling at 1.4020.
USD Mid-day Analysis
Despite the suggestion from the Fed that tapering will continue and hints that US housing trouble andgeopolitical tensions will restraint the recovery pace in the US, the Dollar remains vulnerable on the charts.
The Global Macro Pulse
In FX, AUD was the big mover in early trading, rallying 0.4% to 0.937 on the back of good employment data and stronger-than-expected China trade. EUR found support around 1.3906 and
The dollar is approaching key support levels.
EUR/USD: The slow slide back to the mid body point, 1.3905, ofWednesday’s bullish candle is probably enough correctionso for today focus will be on a resumption of the climb.
USD Mid-day Analysis
While the Dollar is showing some minimal recovery action this morning the action appears to be mostlytechnical in nature.
Euro Strength & Dollar Weakness: The Missing Link
Everybody seems to be searching for the missing link. Why is stronger US data not feeding into US rates and a stronger dollar?
Waiting for Yellen
The dollar had a miserable day yesterday, undermined by the fall in US rates. 10s are under 2.6% and the 1year in 5 years is testing the lows seen last October,” notes SocGen.
The Global Macro Pulse
The USD has rebounded somewhat after the sharp sell-off overnight. NZD was the main contributor, down 0.8% to 0.869 following the RBNZ jawboning effort.