Investment Management
The aggregate USD long position has held steady around $16bn for a fourth consecutive week, with no major changes among any of the reporting currencies The G4 currencies remain the largest held net shorts, led by GBP and followed by JPY and EUR. AUD is the largest held net long CAD sentiment remains […]
We are still short GBP/USD between $1.2597 and $1.2498 and still see it dropping to $1.15. Bloomberg now warns that executives are concerned that demands from the Bank of England and European Central Bank for full contingency plans may accelerate the relocation of activities from London to the continent The pressure illustrates the delicate […]
We look to Buy USD/CAD on weakness due to the fragile dynamics of the Canadian economy. CIBC Capital Markets warns that today’s high house prices and larger mortgages could make the next recession, when it comes, longer and deeper CIBC: “Given larger average mortgage principals that have been needed to pay for more expensive […]
The aggregate long USD position was relatively unchanged in the week ended April 4th, softening a modest $0.3bn w/w to $16.0bn Position changes were also limited across most of the currencies, with a modest improvement in sentiment toward JPY, GBP, and CHF, and minor deteriorations for EUR, AUD, CAD, and NZD. GBP and JPY […]
The market expects the Mario Draghi to provide a subtle hint of tightening tomorrow during his speech at 9am Frankfurt time with contributions by policy heavyweights including Peter Praet and Vitor Constancio during the day, before wrapping up with Governing Council members from Ireland and France by Friday Berenburg: “The ECB is clearly preparing […]
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