Markets

Institutional investors are betting big on further US dollar weakness

Asset managers are betting big on further weakness in the US dollar. According ANZ Bank, citing the latest Commitment of Traders report from the US Commodity Futures Trading Commission (CFTC), real money managers increased their short US dollar positions in futures and options to a new record high in the […]
Institutional investors are betting big on further US dollar weakness
Markets

Macquarie Bank says the euro’s rally has a long way to run yet

Like most other major currencies, the euro has fallen heavily against the US dollar over the past week, undermined by political uncertainty in Germany and renewed optimism that the US Federal Reserve will hike interest rates again before the year is out. At 1.1745, the EUR/USD is now a fair […]
Macquarie Bank says the euro’s rally has a long way to run yet
Markets

Traders continue to sell the US dollar, but there are signs it may not last

Currency traders continued to sell the US dollar last week, leaving net short positioning at the highest level in over three years. According to ANZ, citing data released by the US Commodity Futures Trading Commission (CFTC) on Friday, net short USD positions among speculators increased by $US900 million to $US8.4 […]
Traders continue to sell the US dollar, but there are signs it may not last
Markets

Here’s Nomura’s top currency trades to round out the year

If you’re scratching around for some trading ideas for the months ahead, Nomura may have exactly what you’re looking for. It’s just announced its top currency trades to round out the year, predicting that many of the themes seen this year will continue in the period ahead. 1. Sell the […]
Here’s Nomura’s top currency trades to round out the year
Markets

Currency traders continue to pull their bullish US dollar bets

Currency speculators continue to yank their bullish US dollar bets, reducing net long positioning for a seventh consecutive week last week. According to ANZ, citing the latest Commitment of Traders (CoT) report released by the US Commodity Futures Trading Commission (CFTC) last Friday, net long positioning in the greenback fell […]
Currency traders continue to pull their bullish US dollar bets
Markets

‘SIGNIFICANTLY MORE UPSIDE’: The CBA has turned bullish on the euro

After being the whipping boy of currency traders and forecasters over the past couple of years, the euro is now back in vogue, mirroring the price action seen in recent months. Oh, how the tides have turned, and relatively quickly. Forecasters are suddenly bullish, reversing bearish calls for parity against […]
‘SIGNIFICANTLY MORE UPSIDE’: The CBA has turned bullish on the euro
Markets

The Australian dollar is tumbling against European currencies

The Australian dollar endured a Topsy-Turvy session on Tuesday, rising in Asia before reversing hard in European and US trade, especially against the euro and UK pound. And that was despite a surge in iron ore prices, Australia’s largest commodity export by dollar value. Here’s the scoreboard as at 7am […]
The Australian dollar is tumbling against European currencies
Markets

ANZ: ‘We advise staying short EUR/USD and selling rallies’

The European Central Bank (ECB) delivered another monetary policy “bazooka” overnight, says ANZ, extending its quantitative easing program by EUR 540 billion and tweaking the criteria of securities it can purchase, allowing for bonds with a minimum one-year maturity and those yielding below the ECB’s deposit rate of -0.4% to […]
ANZ: ‘We advise staying short EUR/USD and selling rallies’
Markets

WESTPAC: The euro rally is unlikely to last

Like a spring released from under pressure, the euro ripped higher overnight despite the ECB delivering a so-called policy “bazooka” at its March monetary policy meeting. The catalyst for the sudden and sharp recoil in the euro came from ECB president Mario Draghi during his scheduled press conference after the […]
WESTPAC: The euro rally is unlikely to last