Large fixing flows expected today

Most of the big banks are expecting very significant end-of-month fixing flows later today and all the reports that I’ve read so far suggest that these flows will be heavily USD …
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XAU/USD – Stops triggered, $1166 lvl in focus by Milan Cutkovic

Stops below the $1198 support level have been cleared The pair hit a low of $1188 earlier and one bank notes that liquidity is rather thin Short-term, Gold has been in a steep down …
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UBS thinks “SNB speculation is unfounded”

from UBS’ Spot Desk: USDCHF and EURCHF are inching higher on speculation of SNB intervention, which we think has no basis. Dips however remain shallow. Greece remains in focus to …
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AUD/USD: Short-term exotic structure .7750/.7850 by Sean Lee

I’m not sure of the exact levels but the weight of bids towards .7750 and the weight of offers towards .7850 suggest that this is indeed a quick 100 pip play by one of the bigger …
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AUD/NZD at fresh record low

From Morgan Stanley’s FX Spot Desk: AUDNZD at record lows here through 1.0350. Have seen some CTA stops go through on the NZDUSD leg but generally our own flows remain light. Fro …
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Citi Global FX Positioning Update

Active currency managers on our external manager platform cut back exposures to developed markets currencies last week. Reductions in GBP longs and AUD and CAD shorts were the most …
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FX Positioning Update – USD longs covering

via Citibank, based on their global flows data: ·       Long USD positioning has fallen to its lowest level since July 2014 as managers adopt defensive positions possibly d …
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Citi FX Flows – NY Update

–    EURUSD: Turnover good; bias 53% in favor of selling –    USDJPY: Turnover good; bias 52% in favor of selling –    EURJPY: Turnover good; no bias –    G …
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Citi Global Flows Analysis

After 6 weeks of selling, clients have turned to profit taking in CAD at these levels. For now, this implies the trend higher for USDCAD is likely to stall (as it did with JPY). Th …
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EUR/CHF bid, but flows are light

via Citibank: We have heard a few comments about EURCHF and what’s going on. The truth is we have seen very little activity in EURCHF or for that matter USDCHF. The fact that EUR …
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