Nomura – EUR & JPY Views

JPY – Another quiet session in Asia due to Japanese holiday although USD/JPY had a little choppy session between 119.63 and 120.33. Hawkish Lockhart ( he said that he feels very …
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Goldman Sachs Spot Desk Strategies

GS: G10 FX – LONDON SPOT TRADER VIEWS  OVERVIEW => US Equity traded up and the Dollar was bid on the day as markets settled from last week’s dovish Fed announcement. Lockha …
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BNP like USD/CAD and USD/JPY higher

BNP have the opposite view to the Nomura one shared earlier: USD positioning fully unwound – strong sensitivity to Fed speakers Over the weekend three Fed presidents reiterated t …
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Nomura: Going tactically short USD/CAD

We are going short USD/CAD at current levels of 1.315 for a size of $10mn with the objective of 1.28 and stop loss at 1.3375. I quite like the reasoning behind this trade and am go …
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Goldman Sachs Spot Desk Strategies

OVERVIEW => USD weaker across the board post the dovish FOMC yesterday with CHF and JPY leading the charge versus the USD. Despite the dovish shift in the dots and the Fed incor …
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RBNZ: Cut OCR by 25bps, statement says further NZD depreciation is appropriate

The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.75 percent. Global economic growth remains moderate, but the outlook has been revised down due m …
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Morgan Stanley FX Position Tracker: AUD/JPY the big play

Since Monday, August 31, positioning has shifted. The largest short is still in AUD; in the majors, the largest long is now in JPY. USD long positioning was reduced into neutral te …
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Deutsche: Commitment of Traders update

Specs were again net short in GBP futures (after a week) by 11K contracts, selling 15K contracts over the week. However, they decreased their net shorts in JPY and AUD futures by 2 …
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Barclays Trade for the week ahead: Short NZD/USD via risk reversals

Underpriced RBNZ easing this year (market pricing 36bp, our forecast: 50bp), in addition to our expectations for downward revisions to the Bank’s growth forecasts at its Septembe …
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Citi: Likely to still see two-way flows in EUR post ECB

We continue to see the EUR driven by two main forces – further dislocation in EM FX places upward pressure on the currency, while the potential of a Fed hike later this month kee …
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