Mtl JP 23:28 GMT May 18, 2014
AUD and NZD
isn't Bullard a non-voter now ?
why pay attention to his blather ?
GVI Forex Blog 21:10 GMT May 18, 2014
AUD and NZD
Reply
Markets were settled on Friday, following a turbulent week for some asset classes. Despite US consumer confidence disappointing, US interest rates firmed slightly, supporting the currency. Fed dove Bullard was slightly more upbeat on growth, labour and inflation.
Australia & NZ Morning Thoughts
GVI Forex john 12:48 GMT May 18, 2014
Commitment of Traders Report
The GBPUSD pair is a little curious from a pure USD perspective, Net GBP longs are being liquidated but not as quickly as they are in EURUSD. Its likely that some of those GBP longs are crossed against short EUR positions?


GVI Forex john 12:31 GMT May 18, 2014
Commitment of Traders Report
Its curious to me that the net short JPY positions are still heavily short (long USDJPY). Over time relative stability in the exchange rate should see positions erode Markets still appear to be betting heavily on JPY weakness. The vulnerable side of the market is the USDJPY longs, but I don't know what the catalyst for a sell-off might be. Of course you never know! THis is one case where the spot vs. the 20-day trigger apeas noy to be working?


GVI Forex john 12:10 GMT May 18, 2014
Commitment of Traders Report
JP- yes, for better or worse, the global economy appears to be moving into a new phase. This "recovery" is taking a lot longer than initially thought thanks to the "help" of the political class. Traders should be starting to adjust their strategies for this new phase. Any ideas?
Mtl JP 00:27 GMT May 18, 2014
Commitment of Traders Report
john 22:34 to try to keep things simple : players are shifting allocations around as they argue about rising price-inflation and increasingly crappy economic growth prospects combination... u ll want to note they are dumping stocks, bidding bonds and also dumping euro.
Bottom line:
players are stirring