The US dollar was hit by the Fed and then by GDP. And it could go further south: Here is their view, courtesy of eFXnews: USD looking south: The Fed has little to gain by hiking rates early. Hence, we regard the recent rise in real US yields that has supported the 4% USD rally seen … “USD Looking South; The Pain Trade Has Started – Morgan”
Month: July 2016
USD/JPY to 100 and below – 3 post BOJ opinions
The BOJ did not deliver on the high hopes of markets, sending dollar/yen to lower ground. What’s next? More falls? Here are 3 opinions: Here is their view, courtesy of eFXnews: USD/JPY: Post-Brexit Rebound Has Ended; Buy Dips Below 100 – BofA Merrill At the Monetary Policy Meeting (MPM) of 28-29 July, the BoJ decided to … “USD/JPY to 100 and below – 3 post BOJ opinions”
BOJ Preview: Will the helicopter fly or crash?
The Bank of Japan convenes tonight, early on July 29th, and this will definitely be a monumental decision for markets. The stakes are high after a big buildup. The government led by Shinzo Abe faced the electorate in early July and won more seats in the Upper House. From that win on July 2nd, talk of fiscal stimulus began … “BOJ Preview: Will the helicopter fly or crash?”
Strong Data Can’t Help UK Pound
UK pound is struggling today against its major counterparts, even though recent data has been so positive. With concerns about the upcoming Bank of England meeting and fall out from the recent Brexit vote, it’s clear that the focus isn’t on the most recent data reports. Sterling is lower against many of its counterparts today, thanks in large part to the recent Brexit vote and concern about … “Strong Data Can’t Help UK Pound”
Fed Analysis: Was there a hint for hike? – 6 Opinions
The Federal Reserve left the rates unchanged and seemed not to rock the boat. But the upbeat outlook left some speculating about a move in September. Here are various opinions: Here is their view, courtesy of eFXnews: Quick Take: Fed Statement – CIBC A month of better data wasn’t enough to radically change the Fed’s … “Fed Analysis: Was there a hint for hike? – 6 Opinions”
EUR/USD: Trading the US Advance GDP
US Advance GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, and publication of Advance GDP could have a significant impact on the movement of EUR/USD. A reading which is better than the market forecast is bullish for the dollar. Here … “EUR/USD: Trading the US Advance GDP”
CAD: Further Weakness Still In Store; Where To Target? –
The Canadian dollar suffers from the slide in oil prices, which has suffered further falls following the inventories release. There could be more falls in store, says the team at CIBC: Here is their view, courtesy of eFXnews: The Canadian dollar has come a long way from the strength observed in May of this year. That … “CAD: Further Weakness Still In Store; Where To Target? –”
Will Trump’s Project Fear hit market sentiment?
The Republican Convention has ended and the Democratic Convention is underway. for political addicts, this is a big party but markets are mostly ignoring the headlines at this point. However, the dark message coming from Trump is something that cannot be ignored and could take its toll. 100 days before the big day, we provide … “Will Trump’s Project Fear hit market sentiment?”
EUR/USD to 1.06 by end September – CIBC
EUR/USD has traded in a very frustrating range for quite some time. Will it break? The team at CIBC sees the world’s most popular currency pair grinding lower: Here is their view, courtesy of eFXnews: Despite the obvious concern regarding Brexit-related headwinds impacting the Eurozone economy, the ECB isn’t in a rush to ease policy further. … “EUR/USD to 1.06 by end September – CIBC”
Aussie Moderates After Earlier Spike
Australian dollar is modifying its trajectory right now, pulling back a little bit after a spike earlier today. Aussie is still mostly higher against its major counterparts, but the gains are a little more subdued. Aussie saw a spike earlier today, gaining ground as the US dollar plummeted against the yen on news that Japanese stimulus might not be as large as originally expected, and that gave … “Aussie Moderates After Earlier Spike”