In an interview with FXStreet, we talked about the crash in the pound, the strength of the US dollar, the direction of gold and what traders can do to protect themselves. You can read the original here or below: After Friday’s flash crash, where’s the GBPUSD headed in the upcoming weeks? What are the key levels … “Reasons for the Pound fall are real, pressure remains to”
Category: Opinions
Here Is How EUR/USD Would Break Out Of Its ‘Narrow
EUR/USD was partially drawn down by the pound flash crash but it managed to recover. The range frustrates many and the team at SocGen sees a potential for a breakout. Here is their view, courtesy of eFXnews: EUR/USD remains locked into a narrow and somewhat unstable range, anchored by the net accumulation of EUR 600bn per annum … “Here Is How EUR/USD Would Break Out Of Its ‘Narrow”
Sep NFP: Not The ‘Smoking Gun’ For A Dec Hike;
Following the mixed jobs report, some see it as good enough for a rate hike in December, but not everybody agrees. Here is an opinion by Danske: Here is their view, courtesy of eFXnews: Nonfarm payrolls rose 156,000 in September, in line with our expectations of 160,000 but below consensus of 172,000. There were no big … “Sep NFP: Not The ‘Smoking Gun’ For A Dec Hike;”
How Much Sterling Downside Ahead And Why? – Goldman
The British pound flash crashed to 1.20 before bouncing to 1.24, but things are unstable, to say the least. The team at Goldman Sachs analyzes the downside potential for sterling: Here is their view, courtesy of eFXnews: We revised our forecasts for Sterling sharply lower in July, bringing in particular our 3-month forecast for GBP/$ to … “How Much Sterling Downside Ahead And Why? – Goldman”
NFP Preview: the dollar doesn’t need much to keep the
The Fed is very gradually edging towards a rate hike. While it didn’t happen yet, the bar is lower. A gain of 150K will probably be sufficient, below the 200K expected in previous months. Wage growth acceleration is also not really needed. The US dollar momentum could be derailed if the headline dips under 100K. … “NFP Preview: the dollar doesn’t need much to keep the”
EUR/USD: Trading the US Non-Farm Payrolls
US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 12:30 GMT. Big news: GBP/USD … “EUR/USD: Trading the US Non-Farm Payrolls”
Tapering ECB Taper-talk – Two views
The talk about ECB tapering supported the common currency, but not for long. Here are two additional reasons why this could be just temporary: Here is their view, courtesy of eFXnews: ECB: ‘Too Early’ To Discuss Tapering – Danske According to ECB officials the ECB is set to gradually wind down bond purchases once the … “Tapering ECB Taper-talk – Two views”
AUD/USD: Trading Australian Trade Balance
Australian Trade Balance is closely linked to currency demand and is a key indicator. A reading which is higher than expected is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Thursday at 00:30 GMT. Indicator Background Australian Trade Balance measures the difference in the value of imported and … “AUD/USD: Trading Australian Trade Balance”
Why the ECB’s taper talk should be faded
Reports that the ECB will taper bond buys before completely halting the program moved the slow-mo EUR/USD. A jump of around 100 pips was seen, from the abyss of 1.1140, close to the 1.1120 support line, all the way up to 1.1240. However, this didn’t last too long and the pair is hugging its beloved … “Why the ECB’s taper talk should be faded”
GBP/USD has more room to the downside – 3 opinions
The British pound has reached new 31-year lows against the US dollar. But this may not be over. Here are 3 opinions seeing more room to the downside: Here is their view, courtesy of eFXnews: 1. GBP: Further Weakness Short-Term On Bearish Technical Signals – BTMU The pound has come under renewed selling pressure early this … “GBP/USD has more room to the downside – 3 opinions”