EUR/GBP Flirting with 0.8000, UK Data Eyed EUR/GBP is looking to stabilize in the 0.8000 area following yesterday’s sharp pullback from the 0.8100 neighbourhood...
What COFER Data Imply for Chinese Reserves? - Nomura Research Team at Nomura, suggests that the inclusion of Chinese reserves data into COFER makes it difficult to follow what FX reserve managers are doing, while increasing expectations on the allocation of the Chinese reserves portfolio...
Negative Interest Rate Economies: Spot the Odd One Out – Deutsche Bank Oliver Harvey,Macro strategist at Deutsche Bank, suggests that Central banks’ experiment with negative interest rates continues apace this year, with the BoJ the latest to have dipped a toe in the water and the ECB edging furt...
USD Longs Fall Sharply, Now the Market is Almost Flat – Deutsche Bank Research Team at Deutsche Bank, notes that the IMM data has confirmed that investors sharply reduced their long dollar exposure, taking implied USD longs as a fraction of open interest to 4% from 8% in the previous week...
XAG/USD: The USD is Declining Against Safe-Haven Currencies Amid the decline in the USD against gold and the Yen last week was caused by uncertainty in the economic and financial situation in the world, the price of silver went up as well...
BoC Reliant on Weakness in CAD - ING Viraj Patel, FX Strategist at ING explained, in respect of the Bank of Canada (BoC) coming up this week, with the policy rate likely to remain on hold, front-loaded CAD weakness is even more crucial for a central bank deeply reliant on export-led growth...
A Rise in Protection Against Yen Strength - Scotiabank Analysts at Scotiabank explained that the JPY is soft following a short-lived break to a fresh cycle high driven by stronger than expected machine orders data...
US Dollar Surrenders Gains, Near 94.10 ahead of Fed The greenback, tracked by the US Dollar Index, has faded the earlier bullish attempt towards the 94.30/35, returning the 94.10 area. US Dollar now looks to Fed The index keeps the trade in the area of yearly lows in the vicinity of the 94...
Yen Rally Getting a Bit Extended Yen is enjoying its longest and strongest rally since the financial crisis, however that rally is looking a bit stretch now in the very near term and there could be short covering in USD/JPY, if equities rally or Dollar strengthens...
China: Housing Supports CPI Inflation; Subsiding PPI Deflation - ING Tim Condon, Chief Economist at ING, suggests that the evidence of demand-side CPI pressure and narrowing PPI deflation lessen the case for PBOC rate cuts...
Weakness of the US Economy has Undermined the Greenback - BBH Research Team at BBH, suggests that the weakness of the US economy and the caution by the Federal Reserve to raise rates again after the December lift-off has undermined the greenback...
Fed Speakers Along with BoE and BoC to Take Centre Stage This Week – Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that there are no key data releases today although scheduled speeches from the Fed’s Dudley and Kaplan will ensure the outlook for Fed policy remains a prime focus...
JPY: Japan Strengthens Direct Intervention Threat - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the verbal intervention from Japanese officials has had only a limited impact at dampening yen strength in the near-term...
US: Weak Start to the Year Reinforcing USD Weakness - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the US dollar continues to remain on the defensive in the near-term undermined the Fed’s dovish policy shift...
There is no trade call for the session. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets. Currency Update USD: Employment figures for March were solid with 215,000 jobs added, a rise of 0...
USD Short Remains Moderate - BNPP James Hellawell, Research Analyst at BNP Paribas, lists down the FX positioning analysis data for the week ending 11th April. Key Quotes • “AUD and CAD positioning is light at scores of +1 and -2 respectively while NZD short positions remain large at -27...
BoE: Most Important Event for the UK – Danske Bank Research Team at Danske Bank, suggests that in the UK, the most important event this week is the Bank of England (BoE) meeting on Thursday. Key Quotes “We expect the BoE to maintain the Bank Rate and stock of purchased assets unchanged at 0...
Yen to Remain on Rise on Japan's Delicate Intervention Situation – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the USD/JPY slid below ¥110 last week and this is the internal base rate for many Japanese exporters in the new fiscal year...
China: Strong Reasons for the PBOC to Stay the Course - ING Tim Condon, Chief Economist at ING, assumes that the PBOC is likely to keep the NEER steady and ING’s forecast that USD/Majors will be range bound is behind their yearend 6.47 USD/CNY forecast...
