Donald Trump is the all but official Republican nominee and Hillary Clinton has a clear lead in the Democratic Party. These are two very different choices for American voters and for markets: a Clinton Continuation or a Donald Disruption. As Trump’s rivals announce their campaign suspensions, the fight is on for the highest job in … “Clinton Continuation vs. Donald Disruption – what the race”
Category: Opinions
EUR/USD: Next Sustained Move To The Downside: Where To
EUR/USD is consolidating its position outside the safe haven camp and made a full turnaround. Does it have more room to the downside? Here is their view, courtesy of eFXnews: From the perspective of the dollar going forward, we do not see any compelling reason for altering our EUR/USD forecasts dramatically. Some data like the ISM … “EUR/USD: Next Sustained Move To The Downside: Where To”
GBP/USD: Trading the UK Services PMI
UK Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on … “GBP/USD: Trading the UK Services PMI”
EUR consolidating its position outside the safe haven camp
EUR/USD reached the highest levels since August 2015, breaking above 1.16, only to be slashed back over 100 pips and settle around 1.15. The peak was 1.1616, around 100 pips short of that summer peak, correlated with the crash of the crash of the Chinese stock market at that time. What happened? The US dollar made a comeback across the … “EUR consolidating its position outside the safe haven camp”
USD Into NFP: Unjustified Weakness – Barclays
There seems to be no love lost between markets and the US dollar. The sufferfest continues but may be unjustified. Here is their view, courtesy of eFXnews: The recent leg in the dollar depreciation looks little justified, in our view. Even though the probability of a June hike has decreased in the past few weeks, … “USD Into NFP: Unjustified Weakness – Barclays”
EUR/USD To Dip N/T; Buy The Dip For A Continued
EUR/USD is on a roll following the Fed meeting. This may be the right direction, but not instantly. Here is their view, courtesy of eFXnews: Arguments for a 1-3M dip in EUR/USD… A key argument for a EUR/USD dip near term is the potential for a temporary revival of relative rates, not least due to … “EUR/USD To Dip N/T; Buy The Dip For A Continued”
EUR/USD: Trading the US Advance GDP
US Advance GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, and publication of Advance GDP could have a significant impact on the movement of EUR/USD. A reading which is better than the market forecast is bullish for the dollar. Here are all … “EUR/USD: Trading the US Advance GDP”
FOMC and the USD – what to watch out for
It’s Fed Day. Will Yellen and her colleagues change the course for the US dollar? Here are two previews: Will The FOMC Use April Statement To Set The Stage For Action In June? – RBS The FOMC meets this week. No action is expected. The question facing market participants is whether the FOMC will use … “FOMC and the USD – what to watch out for”
GBP/USD: En-Route To 1.46-1.48 – Nordea
The British pound is showing extraordinary resilience and continues marching forward despite Brexit fears. This could extend: As oil prices recovered and equity prices rose, the GBP appreciated as expected. Thus the thesis that global factors predominate has been justified so far. Note that during the same period the Brexit chance has not diminished – … “GBP/USD: En-Route To 1.46-1.48 – Nordea”
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 1:30 GMT. … “AUD/USD: Trading the Australian CPI”