Free Trial

Antipodeans on top -AUD & NZD were among......>

FOREX
FOREX: Antipodeans on top
-AUD & NZD were among the strongest performers in G10 Friday (although both
still nurse losses on the week) as markets take profits on the week's declines,
helping buoy AUD/USD back above $0.7100. Interestingly, call option trading in
both AUD/USD and NZD/USD surged over the week, despite the sharp pullback in
prices.
-USD had a poor session, retreating back toward the 50- and 100-dmas for the USD
index on little news, with lower US Treasury yields the primary culprit. The
Fed's Semi-Annual Monetary Policy Report came and went with little fanfare,
along with several Fed speakers who reiterated the two-way risk on rates.
-It was a quiet session to end a quiet week for FX: USD/JPY traded inside a
range of just over 50 pips, with EUR/USD looking to close within 40 pips of the
Monday open.
-US & French GDP, Canadian & German CPI and Kiwi trade balance are the data
highlights next week, with appearances from BoE's Carney, Fed's Powell and
Clarida also due.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.