Month-end flows forecasts from the banks

Barclays expects small amounts of USD selling vs major currencies, except the Yen. Citi expects USD selling overall, except against the Yen. Strong EUR demand expected. Westpac exp …
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RBNZ: Easing bias and NZD comments send the flightless bird tumbling

The RBNZ kept the OCR unchanged at 3.5% but a perceived easing bias and comments regarding the ‘unjustifiable’ level of the NZD have sent the NZD tumbling across the board. The …
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Sharp moves in FX ahead of FOMC meeting by Milan Cutkovic

Liquidity not the best at the moment, as USD position covering continues EUR/USD reached a high of 1.1160, just to fall back to 1.1110 a few minutes later Cable is also extending g …
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Goldman Sachs – Gold Flows

Similarly to Monday, yesterday’s afternoon auction showed a strong buying imbalance.  On what was otherwise a relatively quiet, low volume day, the market quickly shot up 12 US …
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Bank of Japan Meeting Preview

via Citibank: The BoJ is likely to lower its economic outlook for FY 2014/2015 at the meeting April 30, but Japan economists in Citi Tokyo don’t expect any big change in the long …
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USD/CAD – Bearish outside day; test of 1.20 likely by Milan Cutkovic

USD/CAD has posted a bearish outside day yesterday and a test of the 1.20 support level seems inevitable. While downside momentum has been very slow in the past few days, a breach …
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EURUSD: Euro firmer after Greece eases tensions with negotiating partners by FX Charts Daily

EUR/USD: 1.0886 After looking heavy through Europe as a result of the ongoing concerns of a Greek default, the Euro turned around sharply when stories began to circulate that the …
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BNP Paribas: STEER model showing NZD/USD undervalued

Our model indicates that the recent decline in NZDUSD has not been justified by its short-term fundamentals. On the contrary, the pair’s STEER has increased in response to a rise …
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Weekly Outlook: EURJPY, GBPAUD, EURGBP, NZDJPY by FX Charts Daily

EURJPY: 129.25 EURJPY: 129.25 the cross traded with a choppy but overall positive bias last week in making a higher low (127.44) and higher high 130.10 and looking as though 130.0 …
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AUD/NZD – Large 1.02 expiry today by Milan Cutkovic

A$3.1 billion worth of options will expire today at 1.02 at the NY cut (10:00 EDT), which could keep price close to that level. AUD/NZD rallied overnight after dovish comments from …
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