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15 May 2014
Still short AUD/USD - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, remains a seller of the AUD/USD.
Key quotes
"The increase in risk aversion yesterday afternoon saw AUD drift down and we're still scrambling to get to our sell levels. But as with the yen, US yields at the bottom of their range offer attractive levels to short AUD/USD."
"Meanwhile, the US data calendar is crowded, but may not do much. Low enough weekly claims to make us believe that unemployment is still trending down."
"Benign enough core CPI to please today's speaker - Janet Yellen. Philly Fed probably bounced, IP probably fell."
"The Fed's on hold through it all. US markets overall should find all this risk-friendly enough. I wouldn't be surprised to see SPX re-test highs, while USD/CAD and USD/MXN drift lower still."
Key quotes
"The increase in risk aversion yesterday afternoon saw AUD drift down and we're still scrambling to get to our sell levels. But as with the yen, US yields at the bottom of their range offer attractive levels to short AUD/USD."
"Meanwhile, the US data calendar is crowded, but may not do much. Low enough weekly claims to make us believe that unemployment is still trending down."
"Benign enough core CPI to please today's speaker - Janet Yellen. Philly Fed probably bounced, IP probably fell."
"The Fed's on hold through it all. US markets overall should find all this risk-friendly enough. I wouldn't be surprised to see SPX re-test highs, while USD/CAD and USD/MXN drift lower still."