FW: [Maybank] Will USD Short Squeeze Continue?

 

 

, GBL: Will USD Short Squeeze Continue? Global Markets Daily by Saktiandi Supaat FX Research Asian equities continued to trade higher, with gains led by Nikkei (first day of trading in 2018 for Japan). On FX, USD rebounded overnight, in line with our caution for USD short squeeze. Much better than expected ISM mfg and FoMC minutes (released early morning) extended the USD rebound further this morning. Most USD/AXJs including USDKRW, USDMYR are higher. Our caution for USD short squeeze may continue especially if ADP employment (tonight at 915pm; consensus expects 190k) surprises to ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This email and its attachment(s) are confidential and are intended solely for the use of the individual to whom it is addressed. Any views or opinions expressed are solely those of the author and do not necessarily represent those of Maybank Kim Eng or any of its affiliates. Intended recipients of this email are prohibited from disseminating, forwarding, printing and/or copying its contents. If you are not the intended recipient of this email, you are strictly prohibited to take any action based upon them, which also includes dissemination, forwarding, printing and copying of its contents. Maybank Kim Eng Research sent this e-mail to you because your Notification Preferences indicate that you want to receive information about our daily research reports. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please contact your representative HERE.