The Federal Reserve convenes in one of the most closely watched rate decisions. While a rate hike is not expected, the message will be closely watched. Here is a roadmap of expectations according to Bank of America Merrill Lynch. Here is their view, courtesy of eFXnews: While the FOMC is unlikely to deliver a rate hike, the … “Cautiously hawkish – the Fed’s fine balance – BofA”
Category: Opinions
Is EUR/USD the new USD/JPY?
At least in terms of its price action, the behavior of both currencies pairs has switched positions. EUR/USD is not what it used to be, frustrating many traders. Here are details of this change, ones that still leave us hopeful for a reversal. USD/JPY – from boredom to action USD/JPY has been a boring currency pair for … “Is EUR/USD the new USD/JPY?”
USD/CAD: A Sell At 1.3250 With A Tight Stop; USD/JPY:
Dollar/CAD and Dollar/JPY are moving quite a bit while many traders focus on EUR/USD and GBP/USD. What’s next for these pairs? Here is the view from Westpac: Here is their view, courtesy of eFXnews: USD/CAD: The renewed decline in oil prices and last week’s dovish tilt from the BoC (“risks to the profile for inflation have tilted … “USD/CAD: A Sell At 1.3250 With A Tight Stop; USD/JPY:”
Aussie dollar looking for a direction
The Australian dollar is at crossroads against the US dollar and also against the New Zeland dollar. Here are two opinions about the next moves: Here is their view, courtesy of eFXnews: AUD/NZD: S/T Sidelined, M/T Bullish – ANZ The AUD/NZD is once again approaching range extremes while at the same time increasingly diverging from historical … “Aussie dollar looking for a direction”
EUR/USD: Trading the UoM Consumer Sentiment Index
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and is bullish for the US dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Friday at 14:00 GMT. … “EUR/USD: Trading the UoM Consumer Sentiment Index”
10 Reasons Why The Fed Will Not Hike This Year – Danske
Brainard downed hopes of a Fed hike in September, yet the team at Danske takes another step further and lists 10 reasons for not seeing a Fed hike this year at all. Here is their view, courtesy of eFXnews: 10 reasons why we believe the Fed will not hike this year: 1. GDP growth has slowed markedly to … “10 Reasons Why The Fed Will Not Hike This Year – Danske”
AUD/USD – Trading the Australian Employment Change
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 1:30 GMT. Indicator Background Job creation is one … “AUD/USD – Trading the Australian Employment Change”
GBP/USD: Trading the UK Claimant Count Change
The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. It provides a snapshot of the strength of the UK employment market. A reading which is better than the estimate is bullish for the pound. Update: UK jobless claims rise 2.4K in August, wages mixed – GBP higher Here are … “GBP/USD: Trading the UK Claimant Count Change”
September FOMC will be one to remember
… No matter what the Fed does! Another week concludes, putting traders closer to the September 21st FOMC meeting. Will the Fed hike rates? Or will the Fed buy more time? The question on every trader and investor’s mind will most likely find an answer in just a week from now. Last week’s economic reports … “September FOMC will be one to remember”
NZD/USD could be vulnerable to a December Fed Hike –
There are low chances that the Fed pulls the trigger in September, but December is certainly on the cards. Which currency could bear the brunt? The team at CIBC circles the kiwi and explains: Here is their view, courtesy of eFXnews: Through the will-they-or-won’t they of Fed rate hike expectations one thing is clear – … “NZD/USD could be vulnerable to a December Fed Hike –”