Archive for July 28th, 2010

Aussie Weaker Following Soft CPI Reading

Wednesday, July 28th, 2010 at 5:05 pm  
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G10 Advancers and Decliners vs USD
EUR 0.17
GBP 0.17
CHF 0.10
JPY 0.00
The Australian Dollar was lower this morning after the Bureau of Statistics reported that consumer prices increased less than expected in the second quarter (QoQ 0.6% act v 1.0% exp, 0.9% prev & YoY 3.1% act v 3.4% exp, 2.9% prev). The Aussie found itself slide to its lowest levels in a week against its major counterparts (at the time of writing, the AUDUSD was -0.66%, just above 0.8950…

AUD CPI Prints Lower then Expected

Wednesday, July 28th, 2010 at 5:05 pm  
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Risk correlated trades had a strong showing yesterday as banking stocks rallied and concerns over the inadequacies of the Stress Test dissipated. The USD lost ground to both the GBP and EUR while longs in JPY and CHF were equally cut. Risky trades continued to benefit throughout the trading day in spite of US Consumer confidence data coming in negative. We especially like the appreciation we saw…