Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – UOB

As markets expect the US GDP, what levels should be expected in currencies? Here are the levels: Here is their view, courtesy of eFXdata: EUR/USD: Neutral (since 05 Jun 18, 1.1700): Still neutral but likely to trade at a higher range. No change in view. The price action in EUR over the past couple of days … “Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – UOB”

Read More

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – UOB

As markets expect the US GDP, what levels should be expected in currencies? Here are the levels: Here is their view, courtesy of eFXdata: EUR/USD: Neutral (since 05 Jun 18, 1.1700): Still neutral but likely to trade at a higher range. No change in view. The price action in EUR over the past couple of days … “Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – UOB”

Read More

Chronicles of a Trade War: How Will It End?

Trump’s move to slap a 25% tariff on Chinese imports represented the beginning of a trade war between the world’s two largest economies. This tariff, which is expected to equate to around $34 billion worth of Chinese imports, has been reciprocated in kind by Beijing, who have accused the US President of having instigated the “largest … “Chronicles of a Trade War: How Will It End?”

Read More

Chronicles of a Trade War: How Will It End?

Trump’s move to slap a 25% tariff on Chinese imports represented the beginning of a trade war between the world’s two largest economies. This tariff, which is expected to equate to around $34 billion worth of Chinese imports, has been reciprocated in kind by Beijing, who have accused the US President of having instigated the “largest … “Chronicles of a Trade War: How Will It End?”

Read More

5 reasons why Bitcoin escaped the abyss

Bitcoin is on fire, trading at the highest levels in 3 months, decoupling from other cryptos.  There are five primary reasons for the rise, and seasonality is one of them. The BTC/USD is has reached a new peak of $8,360 at the time of writing before consolidation it’s recent gains. This is the dearest price … “5 reasons why Bitcoin escaped the abyss”

Read More

5 reasons why Bitcoin escaped the abyss

Bitcoin is on fire, trading at the highest levels in 3 months, decoupling from other cryptos.  There are five primary reasons for the rise, and seasonality is one of them. The BTC/USD is has reached a new peak of $8,360 at the time of writing before consolidation it’s recent gains. This is the dearest price … “5 reasons why Bitcoin escaped the abyss”

Read More

GBP: A Lot Of Negativity Now In The Price – Barclays

The British Pound is trading above 1.3000 but still remains under a lot of pressure. Did it suffer too much? Here is their view, courtesy of eFXdata: Barclays Research discusses GBP outlook and argues that while GBP remains susceptible to headline risk but a lot of negativity is already priced. “Despite the softness in June inflation … “GBP: A Lot Of Negativity Now In The Price – Barclays”

Read More

GBP: A Lot Of Negativity Now In The Price – Barclays

The British Pound is trading above 1.3000 but still remains under a lot of pressure. Did it suffer too much? Here is their view, courtesy of eFXdata: Barclays Research discusses GBP outlook and argues that while GBP remains susceptible to headline risk but a lot of negativity is already priced. “Despite the softness in June inflation … “GBP: A Lot Of Negativity Now In The Price – Barclays”

Read More

Switzerland ‘Can Live With’ Franc Being Overvalued Against the Euro

The Swiss franc is overvalued compared to the euro, but the nation and its businesses “can live with” the current exchange rate, says Ueli Maurer, Switzerland’s Finance Minister. The Swiss franc, which has gained more than 5% against the euro over the last 12 months, is dipping on Thursday after his remarks. Speaking in an interview with Reuters earlier this week, Maurer said that his government would … “Switzerland ‘Can Live With’ Franc Being Overvalued Against the Euro”

Read More

British Pound Hits 10-Month Lows on Disappointing UK Retail Sales

The British pound today dropped to new 10-month lows following the release of disappointing UK retail sales data for June. The GBP/USD currency pair extended its losing streak for the third consecutive day even as investors ditched the pound on Brexit jitters amid weak economic releases. The GBP/USD currency pair today dropped from an initial high of 1.3082 to a low of 1.2974 and was on a downtrend at the time of writing. The UK retail sales data released … “British Pound Hits 10-Month Lows on Disappointing UK Retail Sales”

Read More