USD/CHF - Credit
Suisse - SHORT Position - From 0.9513 - Stopped out at 0.9570 (S/T) -57
pips
EUR/GBP - Credit
Suisse - LONG Limit Order - Filled - Entry: 0.8905 - Target: 0.9045, Stop:
0.8828 (S/T)
EUR/USD - Credit
Suisse - LONG Limit Order - Placed - Entry: 1.1550, Target: 1.2000, Stop:
1.1479 (S/T)
USD/CAD - Credit
Suisse - LONG Position - From 1.2750 - Stopped out at 1.2460 (M/T) -290
pips
AUD/USD - Deutsche
Bank - SHORT Position - From 0.7600 - Stopped out at 0.8000 (L/T) -400
pips
AUD/USD - Barclays
- SHORT Position - From 0.7922 - Stopped out at 0.8010 (TOTW-S/T) -88
pips
NZD/USD - UOB -
LONG Position - From 0.7415 - Hit Target at 0.7530 (S/T) +115
pips
NZD/USD - Credit
Suisse - LONG Limit Order - Canceled - Entry: 0.7380, Target: 0.7535, Stop:
0.7330 (S/T)
NZD/USD - Credit
Suisse - LONG Limit Order - Placed - Entry: 0.7490, Target: 0.7740, Stop:
0.7400 (S/T)
AUD/USD - Credit
Suisse - LONG Position - From 0.7880 - Adjusted - Stop from 0.7775 to 0.7870,
Target: unch. (M/T)
EUR/USD - Credit
Suisse - LONG Limit Order - Canceled - Entry: 1.1550, Target: 1.2000, Stop:
1.1479 (S/T)
NZD/USD - Credit
Suisse - LONG Limit Order - Filled - Entry: 0.7490 - Target: 0.7740, Stop:
0.7400 (S/T)
AUD/CHF - Morgan
Stanley - LONG Position - Opened - Entry: 0.7688, Target: 0.8100, Stop: 0.7500
(M/T)
CHF/JPY - Morgan
Stanley - SHORT Position - Opened - Entry: 115.25, Target: 105.00, Stop: 119.30
(L/T)
EUR/AUD - Morgan
Stanley - LONG Position - From 1.4620 - Closed at market at 1.4727 (M/T) +107
pips
EUR/USD - Credit
Suisse - LONG Stop Order - Filled - Entry: 1.1736 - Target: 1.2000, Stop:
1.1613 (M/T)
USD/CHF - Credit
Suisse - LONG Position - Opened - Entry: 0.9655, Target: 0.9780, Stop: 0.9595
(S/T)
USD/CAD - Credit
Suisse - LONG Position - Opened - Entry: 1.2465, Target: 1.2700, Stop: 1.2410
(S/T)
Morgan Stanley
MS expressed this fresh short CHF view via
selling the 2 currency crosses –AUD/CHF and CHF/JPY
We expect AUD continue move higher short
term as yield seeking behavior continues. We prefer our trade in low yielding
CHF
Positive momentum in AUD should further
support the pair as well. AUD has traded well recently even despite more dovish
soundings from RBA and weak CPI data, which signals that broader macro drivers
are propelling the currency rather than domestic policy expectations.
We choose to see CHF vs JPY as a long term
strategic trade. A few years ago we told a story of Swiss going shopping abroad
and it seems that story is in play today. EURCHF has now broken through 1.12
reaching the highest level since the floor removed. We think this will add
momentum and introduce new investors to less actively traded currency. We are
not saying that JPY is going strong instead we looked pairs that had moved too
far and provided good risk reward.
NAB
We now need to see further bullish triggers
archieved before confirming that a sustainable MT uptrend is in play.
A month end close above 1.0826 is the first
of there triggers and will confirm previous high at 1.102
TD
Market reaction to the FOMC was overdone as
market thinks this as an opportunity to push several technical key.
We are not convinced this is the break we
need to chase. As such, we think market is irrationally keen to jump on any
excuse to add EUR longs.
In EURUSD, key supports lie in 1.16 area an
appreciable break below would signal a washout towards 1.13.
In AUDUSD, 0.78 are key supports below
which a flush towards 0.76 would look more complete.
BofAML
SNB will take great satisfaction that the
CHF sell off comes as a pace of Swiss sign deposit accumulation. We have been
bearish CHF for much of this year as we had confidence that SNB put the
currency’s upside. With regional political risk, the return of Greece to the
international bond market and ECB exit gate, this provide the perfect backdrop
for CHF underperformance.
We reiterate our view that CHF will remain
a nominal anchor for funding trades.
In short term, EUR/CHF may consolidate
recent gains given the scale of the move but against a backdrop of low market
volatility and strong cross border capital flows, we believe investors selling
of Swiss asset will continue.
BTMU
We can only put this down to the delayed
response of several factors. This has finally trigerred a liquidation of long
franc positions. The turn in expectations in relation to ECB and broad signs of
global reflation as expectations will help weaken franc. BTMU argues that CHF
selling is likely continue as the move this week could have a significant
impact in shaping expectations.
Investors may quickly see franc as the least resistance in
expressing a bullish EUR view.
SocGen
After confirmation, EUR/CHF suggest the move up is set to
accelerate further. Soc Gen sees key support level at 1.11
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