UK Preliminary GDP, published each quarter, is the first of three GDP releases. GDP measures production and growth of the economy, and is considered by analysts one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, and 5 … “GBP/USD: Trading the UK Preliminary GDP”
Category: Opinions
USD Eyes Multi-Year Highs But 1.08 In EUR/USD Set To
The US dollar has been on a roll and the euro retreated on Draghi. However, the team at NAB sees limited gains moving forward: Here is their view, courtesy of eFXnews: Slowly but surely the USD is flexing its muscles once again. The greenback’s 25% rally from July 2014 to January this year was of course … “USD Eyes Multi-Year Highs But 1.08 In EUR/USD Set To”
GBP/USD to 1.15 by year end – Citi
The pound made another visit to the 1.20 handle but managed to recover. The lows are not in yet, says the team at Citi: Here is their view, courtesy of eFXnews: The fundamentals arguably haven’t changed but the price has. This makes GBP look cheap – but we’re not certain the lows are in. Updating our model … “GBP/USD to 1.15 by year end – Citi”
AUD/USD: Trading the Australian CPI
Australian CPI (Consumer Price Index), which is released each quarter, measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at 00:30 GMT. … “AUD/USD: Trading the Australian CPI”
RBA Gov. Lowe rules out rate cuts. Q3 inflation on tap
After taking over the reins of the RBA from Glenn Stevens, the new RBA governor, Philip Lowe gave his first speech last week. Addressing the low-interest rates from the central bank, Lowe took a hawkish stand noting that “things are improving.” Delivering his first speech on inflation and monetary policy, the new RBA governor reminded … “RBA Gov. Lowe rules out rate cuts. Q3 inflation on tap”
The case for EUR/GBP longs – SocGen
While also the euro is suffering from the talk of “Hard Brexit”, the pound is the bigger loser for a nasty UK-EU breakup. And it is not the only reason for a EUR/GBP. Here is the opinion from SocGen: Here is their view, courtesy of eFXnews: How do we profit from a period of EUR/USD … “The case for EUR/GBP longs – SocGen”
GBP: ‘Pounded’: 6 Reasons To Stay Bearish Targeting 1.16
GBP/USD remained under immense pressure following Brexit and the flash crash. There could be much more in store: Here is their view, courtesy of eFXnews: There are six main reasons why we remain bearish GBP: 1. The UK economy may be about to experience a ‘once in a generation’ structural transition. A weaker GBP may be needed … “GBP: ‘Pounded’: 6 Reasons To Stay Bearish Targeting 1.16”
EUR/USD: En-Route To 1.05; The Divergence Trade Is Back
EUR/USD dipped its feet under 1.09 and remains under pressure. The team at ANZ sees further downside weakness. Here is their view, courtesy of eFXnews: The prospect for divergent monetary policies returning to reassert themselves as a material influence on EUR/USD seems greater in the coming months than it has been this year. As the … “EUR/USD: En-Route To 1.05; The Divergence Trade Is Back”
EUR/USD: A ‘Head & Shoulders’ Top & 9 Other Reasons
EUR/USD continued the downwards path, reaching a new 7 month low under 1.09. The team at Citi lists 10 reasons for extended falls: Here is their view, courtesy of eFXnews: The pattern on the daily chart of EURUSD clearly looks like a head and shoulders top. The neckline of this pattern at 1.1010 has given way … “EUR/USD: A ‘Head & Shoulders’ Top & 9 Other Reasons”
Oct ECB: 5 Scenarios: How Will EUR React? – Nomura
EUR/USD has settled under 1.10 ahead of the all-important ECB meeting, in which no news could be bad news for the euro. Here is the view from Nomura, providing 5 scenarios: Here is their view, courtesy of eFXnews: Market expectations for an immediate policy change by the ECB are muted as we approach the meeting … “Oct ECB: 5 Scenarios: How Will EUR React? – Nomura”