March 2023 – Page 29 – UAG Trade Asia

EUR/JPY IG Client Sentiment: Our data shows traders are now at their most net-long EUR/JPY since Jan 04 when EUR/JPY traded near 140.27.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Oct 24, 2022 when France 40 traded near 6,157.20.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.

Euro Poised Amidst Market Turmoil Ahead of CPI Data and ECB. Higher EUR/USD?

The Euro has stacked on the gains as the US Dollar remains in a tailspin from the fallout of failed banks that have seen Fed hike expectation pared while the ECB looks to crimp CPI. Where to for EUR/USD?

Gold and Silver Outlook: SVB Collapse Pushes Retail Traders to Boost Downside Bets

Gold and silver prices have been rising after SVB’s collapse. Retail traders have been responding by increasing downside exposure. Does this hint at more gains for XAU and XAG?

Japanese Yen May Weaken if US Banking Sector Volatility Continues Calming

The Japanese Yen underperformed as US banking sector volatility cooled. Traders started pricing out aggressive Fed rate cut bets for later this year and Treasury yields rallied.

March 14, 2023
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LONDON, March 14 Reuters Shortend euro area yields rose on Tuesday, following sharp drops the previous day as investors weighed the impact of Silicon Valley Bank39;s SVB collapse on the outlook for European Central Bank policy. Germany39;s 2year yield was down by as much 27 basis points bps to 2.425 in early trade, its lowest […]

March 14, 2023
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SYDNEY, March 14 Reuters Australian consumer sentiment stayed stuck at historically depressed levels in March amid concerns over inflation and interest rates, a survey showed on Tuesday, with the appetite for buying bigticket items especially weak. The WestpacMelbourne Institute index of consumer sentiment was unchanged in March, following a dive of 6.9 the month before. […]

March 14, 2023
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SYDNEY, March 14 Reuters Australian business conditions remained resilient in February with sales and employment strong, even as confidence took a turn for the worse amid high inflation and rising interest rates. The survey from National Australia Bank Ltd NAB released on Tuesday showed its index of business conditions dipped one point to 17 in January, […]

March 14, 2023
Oil
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POLLU.S. crude stockpiles seen up, products likely down Coming up API data on U.S. stockpiles, U.S. CPI data OPEC oil market report due later on Tuesday LONDON, March 14 Reuters Oil prices dropped more than 2 a barrel on Tuesday, extending the previous day39;s slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked […]

March 14, 2023
Business
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VW investing up to 15 bln euros in batteries, raw materials Twothirds of 5yr budget for electrification, digitalisation Software unit Cariad saw 2.1 bln euro operating loss in 2022 Car maker to present results of mock listing exercise for brands Shares down 3.1 BERLIN, March 14 Reuters Volkswagen plans to invest 180 billion euros 193 billion […]

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EUR/JPY IG Client Sentiment: Our data shows traders are now at their most net-long EUR/JPY since Jan 04 when EUR/JPY traded near 140.27.

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Oct 24, 2022 when France 40 traded near 6,157.20.

Euro Poised Amidst Market Turmoil Ahead of CPI Data and ECB. Higher EUR/USD?

Gold and Silver Outlook: SVB Collapse Pushes Retail Traders to Boost Downside Bets

Japanese Yen May Weaken if US Banking Sector Volatility Continues Calming

Euro Zone Yields Choppy as Markets Assess SVB Collapse on Rate Outlook

Australia Consumer Mood Stuck in the Doldrums in March

Australia Business Activity Strong in Feb, Even as Confidence Wanes

Oil Prices Continue Slump in Fallout from SVB Shutdown

Volkswagen to Invest 193B over 5 Years to Hit EV Target

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