We are already in the month of December and it’s time to look beyond the huge events of December and into 2016. Here are Morgan Stanley’s top 10 FX trades for the year: Here is their view, courtesy of eFXnews: Morgan Stanley is out with its 2016 FX outlook and top 10 trades. The following … “Top 10 Forex Trades Trades For 2016 – Morgan Stanley”
Month: December 2015
European Data, Doubts About ECB, Help Euro
Euro is higher today, gaining ground after the latest round of economic data, and as Forex traders start to doubt whether or not the ECB really will ease enough to keep the euro down. Due to expectations that the ECB will announce more stimulus for the eurozone, the 19-nation currency has fallen quite a bit against the dollar over the course of the last six weeks. Today, the euro is getting a bit of relief, though. The latest unemployment … “European Data, Doubts About ECB, Help Euro”
Three things to watch ahead of the ECB Meeting; EUR/USD
With the ECB meeting ahead key for EUR/USD, Ryan Littlestone, Director and Trading Analyst at ForexLive, outlines three things to watch ahead of the Eurozone rate decision, and further shares the trade setup for the EUR/USD into Draghi’s speech. Three things to watch ahead of the ECB meeting Price data in manufacturing PMI’s Unemployment rates … “Three things to watch ahead of the ECB Meeting; EUR/USD”
Yuan Little Change After IMF Makes It Reserve Currency
The Chinese yuan was little changed against the US dollar today after the International Monetary Fund decided yesterday to include the currency in its basket of currencies that make up the Special Drawing Right (SDR). The IMF announced inclusion of the Chinese renminbi (RMB) in its basket of reserve currencies, saying: The Board today decided that the RMB met all existing criteria and, effective October 1, 2016 the RMB is determined … “Yuan Little Change After IMF Makes It Reserve Currency”
Franc Weakens as Negative Data Reinforces Case for Stimulus
The Swiss franc fell against the euro and erased its previous gains versus the US dollar today as the stagnating economy and falling retail sales contributed to speculations that the Swiss central bank will ease its monetary policy further during this month’s policy meeting. Switzerland’s economy showed no growth in the third quarter of this year while economists had expected the same 0.2 percent rate of increase as in the previous three … “Franc Weakens as Negative Data Reinforces Case for Stimulus”
China’s SDR Inclusion: What Does It Mean For G10
The Chinese authorities pushed for and received acknowledgement from the International Monetary Fund, and the yuan is now included in the IMF’s SDR. The rearrangement of SDR exposes one important currency which has a diminishing role. Here is their view, courtesy of eFXnews: On Monday, the IMF announced that China’s renminbi (CNY) will, from 1 October 2016, … “China’s SDR Inclusion: What Does It Mean For G10”
EURJPY Bulls On The Offensive On Recovery
EURJPY: With EURJPY bulls on the offensive, further price strength should build up towards the 130.75/99 zone. This corrective recovery is coming on the back of its recent weakness. Support comes in at the 129.50 level where a break will aim at the 129.00 level. A turn below here will target the 128.50 level with … “EURJPY Bulls On The Offensive On Recovery”
Forex Crunch Key Metrics – November 2015
The penultimate month of 2015 did not look like the rest of the year and did not enjoy good traffic. December, with its big events, will likely see a bounce despite the holiday. Here are the numbers: Website: Page Views: 513,024. Visits: 214,548. Visitors: 122,521. Time on Site: 2:10. Average Pageviews/Visit: 2.39. Bounce Rate: 47.68% … “Forex Crunch Key Metrics – November 2015”