In an interview with FXStreet, we discussed the frustrating range of EUR/USD and what could make it break out. We also discussed the next direction for the US dollar, the BOJ’s moves and more. You can read the original publication here or below: When do you expect the EURUSD to break out from its current range? EUR/USD, … “US Elections, an opportunity for a move in the EURUSD”
Category: Opinions
Considerable USD/JPY Upside Ahead on Divided Fed, Resolute BoJ
After a busy September 21st, we had the FED show a hawkish hold and the BOJ targeting the yield curve. The initial result is a weaker USD/JPY, but the team at Goldman Sachs sees a lot of upsides and explains: Here is their view, courtesy of eFXnews: The FOMC kept the fund’s rate unchanged while signalling a … “Considerable USD/JPY Upside Ahead on Divided Fed, Resolute BoJ”
Sep FOMC: 2 Important Changes; What’s Next For USD? –
The Fed left rates unchanged and eventually, the dollar is falling, with a nice swing up in EUR/USD. What does this mean going forward? Here are two takeaways from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Fed signals December hike The FOMC clearly signaled a hike before the end of the … “Sep FOMC: 2 Important Changes; What’s Next For USD? –”
USD/CAD: Trading the Canadian Core Retail Sales
The Canadian Core Retail Sales indicator measures retail sales, excluding automobile sales, which tend to be very volatile and distort underlying trends. A reading which is higher than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Friday at 12:30 GMT. Indicator Background The … “USD/CAD: Trading the Canadian Core Retail Sales”
FOMC Preview: Dollar Depends on Door to December
The bigger the crack, the stronger the dollar. Oh, a rate hike now in September? The chances are extremely small. Nevertheless, the lack of a rate hike does not mean markets will not move. It’s a big event. This Fed decision is accompanied by updated forecasts as well as a press conference by Yellen. The hype means … “FOMC Preview: Dollar Depends on Door to December”
BOJ: Expect pressure on USD/JPY – Three opinions
If uncertainty about the Fed’s decision is significant, the clouds surrounding the BOJ are huge. As officials in Tokyo conclude their assessment of their QQE program, basically anything can happen. Nevertheless, here are opinions saying that pressure on USD/JPY will likely continue, regardless of the outcome: Here is their view, courtesy of eFXnews: Sep BoJ: … “BOJ: Expect pressure on USD/JPY – Three opinions”
And if the Fed raises rates? Levels to watch on EUR/USD
The Fed is not expected to raise rates in its highly anticipated September decision. However, there is no full agreement: 2 primary dealers, Barclays and BNP Paribas, see a rate hike coming. Also bond markets are not totally excluding this option and price it around 20%. If Fed Chair Janet Yellen and her colleagues surprise with a hike, … “And if the Fed raises rates? Levels to watch on EUR/USD”
Bank of England, not yet impressed with UK economic data
It seems like the Bank of England has a rather high bar on what it perceives to be good data. While the recent string of positive economic releases from the UK saw many institutional banks upgrade their forecasts on the UK’s economy, which only until a few months ago was tipped to slide into recession, … “Bank of England, not yet impressed with UK economic data”
USD/CAD En-Route To 1.37; CAD: Slipping Further Down US
The Canadian dollar had its time in the sun, rising against the greenback when oil prices were advancing. The tables have turned, and the loonie could further fall. Here is their view, courtesy of eFXnews: The value of trade between the US and China overtook that between the US and Canada as the world’s largest last … “USD/CAD En-Route To 1.37; CAD: Slipping Further Down US”
NZD/USD: Trading the New Zealand GDT Price Index
New Zealand GDT Price Index is released every two weeks. It measures the change of price in dairy products sold at auction. A reading which is higher than the market forecast is bullish for the New Zealand dollar. Here are the details and 5 possible outcomes for NZD/USD. Published on Tuesday (Tentative). Indicator Background This indicator is closely watched as the … “NZD/USD: Trading the New Zealand GDT Price Index”