The Breferendum is just days away. Here is how to trade it according to Goldman Sachs: Here is their view, courtesy of eFXnews: Markets remain focused on the UK referendum and its implications for asset prices. In the past two weeks, ‘Brexit risk premia’ have been priced into UK and foreign assets, and we expect … “If Brexit, Buy CHF Vs EUR & GBP; If Bremain,”
Category: Opinions
Major Currency Views Impact From Brexit – Morgan Stanley
The tragic murder of MP Jo Cox has triggered a bounce in the value of the pound amid a strengthening of the Brexit camp. Everything is open and the impact on only on the pound can be huge. Here are the currencies to watch according to Morgan Stanley: Here is their view, courtesy of eFXnews: Our poll … “Major Currency Views Impact From Brexit – Morgan Stanley”
GBP/USD: Range and projected BOE action
While the pound did make a huge rebound in the aftermath of the tragic killing of MP Jo Cox, Brexit is still a big threat. Here are two opinion about the potential BOE action and the range for next week. Fasten your seatbelts: Here is their view, courtesy of eFXnews: GBP: BoE To Cut Interest Rates … “GBP/USD: Range and projected BOE action”
BOJ in July – fresh easing is on the cards
USD/JPY took a deep dive to 104 and below on the lack of action from the Bank of Japan. This may well change next month, with fiscal and monetary stimulus in play. Here are two opinion from Barclays and from BNP Paribas: Here is their view, courtesy of eFXnews: We Still Expect Further BoJ Easing … “BOJ in July – fresh easing is on the cards”
USD/CAD: Trading the Canadian Core CPI
Canadian Core CPI, is considered on of the most important inflation indicators. Core CPI excludes the most volatile items which are included in CPI, hence it is considered a more reliable measurement of inflation. A reading that is higher than the market forecast is bullish for the Canadian dollar. Here are all the details, and … “USD/CAD: Trading the Canadian Core CPI”
Projected Levels For Major FX Pairs in 3M Under
The impact of the EU Referendum goes well beyond the shores of the UK but impacts many other currencies. Here are the forecasts from Credit Agricole, with a thorough explanation: Here is their view, courtesy of eFXnews: The initial impact of a Brexit on EUR should be negative as fears about the growth outlook and the … “Projected Levels For Major FX Pairs in 3M Under”
What was dovish about the Fed in 5 points
We heard from the Fed: no rate hike and a very cautious tone. The US dollar did not fall too much as it remains the cleanest shirt in the dirty pile and almost all the focus is on the EU Referendum. Nevertheless, we must note the significantly dovish tone heard here, which is perhaps more … “What was dovish about the Fed in 5 points”
FOMC is dollar negative – CIBC
The Fed made its decision: no change and sounded quite dovish. Here is the quick insight from CIBC: Here is their view, courtesy of eFXnews: With the ‘Brexit’ vote looming and employment hitting a soft patch, the Federal Reserve chose to leave interest rates unchanged today. Indeed, the Fed chose to reference the recent weakness … “FOMC is dollar negative – CIBC”
Can The Fed Change The Dollar’s Fortunes? – BofA Merrill
The Federal Reserve convenes as the markets are following every Brexit poll. Nevertheless, this is still a meaningful event. Here is the view from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Between weaker May jobs data and uncertainty ahead of the UK referendum on EU membership, the markets have completely … “Can The Fed Change The Dollar’s Fortunes? – BofA Merrill”
AUD/NZD: Playing it Cool
When the Reserve Bank of New Zealand released its OCR rate decision statement on 9 June, it began with a note of optimism: “…Global financial market volatility has abated and the outlook for global growth appears to have stabilised after being revised down successively over recent quarters. There has been a modest recovery in commodity … “AUD/NZD: Playing it Cool”