Trading and comments in AUD/NZD from 20 July to 4 August.
The section covers the trading in AUD/NZD from 20 July to 4 August. The notes are in order from latest to oldest, so you may wish to review from the bottom up for chronological order. It includes comments on RBA Deputy Governor Debelle (dovish), NZ Finance Minister (hawkish); Australian CPI data, RBA Governor Lowe’s […]
Opportunistic JPY trade on Special Councel Mueller news
Real Time AmpGFX – bought USD/JPY to close short (Thu 7/20/2017 4:07 PM) Bought half unit USD/JPY at 111.86 to close short. This was taken as an opportunistic trade seeing a possibility of some market upheaval. I am not committed to this view; the market has settled, so I am closing the trade. The USD/JPY […]
Sold to square AUD long, Comment on AUD, EUR, GBP
Real Time AmpGFX – Comment on AUD, EUR and GBP (Thu 7/20/2017 8:14 AM MDT) AUD is weaker from the employment report, suggesting we are finding more significant resistance, probably near .80. The impetus to push higher is in more doubt near term. There has been some peaking in iron ore and steel prices. Chinese […]
Raising s/l on part of AUD long
Raising s/l on one part of AUD/USD long to just under pre-labour data level. The data was close to expected. Full-time / Part-time split was favourable, but revisions were a bit softer. The data removed one level of uncertainty that may have been holding back buyers. As mentioned the expected outcome already incorporated a higher […]
s/l orders raised, comment AUD, NZD, GBP, USD
The AUD has drifted higher ahead of the employment data, despite weaker EUR and mixed em currencies. NZD and CAD modestly firmer. There is little going on in last 24hrs, so much of this is position adjustment. A weaker EUR is consistent with a long EUR market wary of dovish comments from ECB. The market […]
Added to AUD long
Bought half unit of AUD at .7929 Position Long half unit AUD/NZD at 1.0553; 1.0613; t/p 1.0978 (s/l raised) Long AUD/USD at 0.7790; s/l 0.7693; t/p .8478 Long AUD/USD at 0.7929; s/l 0.7773; t/p o.8478 Comment Always difficult to buy after such a strong rally, but the case against the USD continues to build […]
RBA minutes more upbeat
The broad take away from the minutes is that they sounded more upbeat on the global economy, domestic govt infrastructure spending, employment, and wages. They acknowledged higher prices coming from electricity and placed a figure on how significant is current policy accommodation. AUD has reacted significantly to these minutes, as have the rates outlook – […]
bought AUD/USD comment and orders
Adopting a more bearish USD view. AUD has retraced somewhat from its highs last week, to around the previous highs. Appearance of break higher and test of break-out. The RBA minutes should not offer much to weaken the AUD and may sound more optimistic on the economy. (minutes are out, my quick view is that […]
sold to close EUR/NZD long
I have closed the long EUR/NZD position at 1.5713 The CAD has surged following the BoC decision. CAD strength may drag up AUD and NZD. EUR looks to be in a corrective mode for the time being. Position Long half unit AUD/NZD at 1.0432; s/l 1.0523; t/p 1.0718
USD and yields drops on Fed Monetary Policy Statement
The opening statement by Yellen has been released on the Fed website. US 10yr yields have fallen 5bp, 2yr swap rates are down 3bp. The parts on inflation appear to suggest that the Fed may be wavering a bit on its plans to keep tightening policy. She says the forecasts are for inflation to rise, […]