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USD/CAD – Flows Update

USDCAD is not trading well. We have seen a high level of turnover, with selling accounting for 55% of our flow. The bulk of the supply is from leveraged and real money names.  According to Precdicted Markets, “there have been 25 times since October 2012 when – as is now the case – USDCAD has […]


Morgan Stanley FX Positioning Update

Since Monday, October 20, positioning in currencies has shifted. In the majors, the largest short is in CHF; the biggest long is in USD. – EUR short positioning deepened over the week. Noncommercial IMM accounts and Japanese retail were both sellers, while sentiment became more bearish. – GBP positioning moved into short territory from neutral. […]


Larger option expiries in the next two days by Milan Cutkovic

According to Reuters data, in USD/JPY there is a $800 million expiry at 108.00 tomorrow and $2.8 billion at 107.65 on Thursday. In NZD/USD, NZ$564 million tomorrow at 0.79 and $1.1 billion on Thursday. In USD/CAD, C$650 million at 1.1250 tomorrow. In EUR/USD, €3bln tomorrow between 1.2700-25. In GBP/USD, £825 million tomorrow at 1.62 and […]


FX: Option expiries for today’s NY cut (10:00 NY, 15:00 London)

USD/JPY: 107.30 (600M), 107.40-50 (432M), 108.00 (1.27BLN)NZD/USD: 0.7900 (400M)USD/CAD: 1.1200 (575M), 1.1215-20 (500M), 1.1350 (450M)EUR/USD: 1.2650 (750M), 1.2700 (437M) 


Updates from the FXWW Chatroom today

Citi: global overview: Our EM flows highlight a renewed interest by investors, with most of the buying concentrated in EM Asian FX and selectively across CEEMEA (TRY & ZAR). Our LatAm strategists note that the Dilma victory in Brazil is not fully in the BRL and we could expect further BRL selling in the following […]


FX Majors & Crosses trade ideas via the FXWW Chatroom

MajorsEUR/USD: SHORT AT 1.2695 FOR 1.2501 INITIAL OBJECTIVE, STOP 1.2758USD/JPY: LONG AT 107.30 FOR REVISED 109.25; STOP RAISED AT 107.35GBP/USD: BUY AT 1.6070 FOR 1.6226; STOP AT 1.5990USD/CHF: LONG AT .9518 FOR .9625 OBJECTIVE, STOP .9471AUD/USD: POSSIBLY SELL HIGHERUSD/CAD: LONG AT 1.1205 FOR 1.1418 STOP AT 1.1145CrossesEUR/JPY: LONG AT 136.80 FOR 138.20; REVISED STOP AT […]


Kuroda comments reinforce view that BOJ will stay steady this week by Sean Lee

Comments from earlier today from the BOJ Governor strongly suggest that the Japanese central bank is content with current policy settings and that they will not be making any policy changes this week. .         EXPECT JAPAN TO CONTINUE MODERATE RECOVERY ·         CPI LIKELY TO PICK UP IN 2ND HALF OF FISCAL YEAR […]


Ranging markets ahead of FOMC by Mary McNamara

Markets have been fairly range bound to start the week and I suspect that this might may remain the case until after Wednesday’s FOMC announcement.  USD index: this continues to hover below major resistance from the monthly chart’s bear trend line but FOMC news might get this moving one way or the other. Some recent soft […]



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