The Bank of England decided to leave its current policy unchanged at the most recent Monetary Policy Committee meeting of 14 April. The BOE remained focused on the British economy. The statement referred to low food and energy prices which the bank expects to increase over the course of the year. In particular, it referred … “EUR/GBP: Market Poll?”
Category: Opinions
USD: FOMC To Turn Less Dovish Next Week? – Credit
The Federal Reserve is expected to leave policy unchanged in April but this doesn’t mean no market moves. Can the Fed lift the dollar? Here is their view, courtesy of eFXnews: Our economist remains of the view that the next policy move is most likely to occur at the June meeting. Financial conditions have fully … “USD: FOMC To Turn Less Dovish Next Week? – Credit”
JPY: Trading BoJ: Preview, Strategy, Risk – BofA Merrill
Tension is much higher after the recent reports that the BOJ could be willing to pay banks for them to lend. What’s in store for the April 28th meeting? Here is a preview from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: The BoJ is scheduled to hold its Monetary Policy Meeting … “JPY: Trading BoJ: Preview, Strategy, Risk – BofA Merrill”
3 Reasons To Stay Bearish EUR/USD M/T Targeting Parity –
EUR/USD is sliding to lower levels within recent ranges, a day after the ECB’s move, but perhaps there’s much more in store. Here is their view, courtesy of eFXnews: In a note today, Deutsche Bank outlines 3 reasons behind maintaining its medium term bearish EUR/USD view: First, despite recent Fed dovishness, the real rate differential … “3 Reasons To Stay Bearish EUR/USD M/T Targeting Parity –”
EUR/USD: Make Or Break At 1.1495; AUD/USD: Short Against
EUR/USD has been trapped in a broad sideways range since basing in March 2015, notes Credit Suisse. Here is their view, courtesy of eFXnews: “For now, our bias is for price and retracement resistance at 1.1495 to ideally cap – the October 2015 and April 2016 highs and 78.6% retracement of the August/December decline – with … “EUR/USD: Make Or Break At 1.1495; AUD/USD: Short Against”
Oil Rally Drives FX Trends: What’s The Trade? – SocGen
While Draghi certainly provides some dramas, rocking and rolling markets, the main driver of sentiment is oil. The black gold affects stocks, other commodities and currencies – not only commodity currencies. What does imply for the trend moving forward? The team at SocGen explains. Here is their view, courtesy of eFXnews: Oil prices are higher again, … “Oil Rally Drives FX Trends: What’s The Trade? – SocGen”
ECB Preview: Hints of helicopters to push down EUR/USD?
The concept of a the central bank handing out money to citizens seems inconceivable, but when there’s a will, there might a way, especially as government seem incompetent at creating any kind of growth. Throwing money at the problem in this type of manner is still quite improbable, but the mere talk of it, even if … “ECB Preview: Hints of helicopters to push down EUR/USD?”
GBP/USD: Trading the UK Retail Sales
UK Retail Sales is considered one of the most important economic indicators. A reading that is higher than the market forecast is bullish for the British pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 8:30 GMT. Indicator Background Retail Sales is the primary gauge of consumer spending, a critical component of economic growth. An … “GBP/USD: Trading the UK Retail Sales”
EUR: ECB To Provide Further Details On Recent Easing –
The ECB meeting is getting closer. Will they try to talk down the euro? Or perhaps re-open the door to more cuts? Or maybe something else this time: Here is their view, courtesy of eFXnews: The ECB will hold its regular monetary policy meeting this Thursday. We expect no change in the monetary policy parameters this … “EUR: ECB To Provide Further Details On Recent Easing –”
The ECB Cannot Talk The EUR Down, But Will Try
Is the EUR/USD divergence trade back? We’ll know soon enough. Here is a preview from Bank of America Merrill Lynch on the prospects for the world’s most popular currency pair and the upcoming ECB meeting. Here is their view, courtesy of eFXnews: We do not expect any ECB action at this week’s policy meeting. After the big … “The ECB Cannot Talk The EUR Down, But Will Try”