AUD/USD is edging closer to 0.78, the highest levels since June 2015 – a 10 month high. Markets have clearly rebounded from the Doha Disappointment and this favors risk currencies such as the Australian dollar, which has held its ground nicely when oil prices were sliding and was well positioned for a rally immediately afterwards. But taking a step … “5 reasons to fade the AUD/USD rally”
Category: Opinions
ECB To Re-Open The Door To Rate Cuts: A Return
EUR/USD has been very stable of late, but it now faces the ECB and Draghi. What does this imply? Here is their view, courtesy of eFXnews: We expect a dovish tone from Draghi at the ECB meeting this week, but no new measures. Despite the comprehensive package of easing, which was announced in March, the ECB … “ECB To Re-Open The Door To Rate Cuts: A Return”
EUR/USD: Trading the German ZEW Economic Sentiment
German ZEW Economic Sentiment is based on a monthly survey of institutional investors and analysts and their views of the German economy. A reading that is higher than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 9:00 GMT. Indicator Background … “EUR/USD: Trading the German ZEW Economic Sentiment”
EUR/USD: Bullish Momentum Faded: Range & Outlook – BTMU
EUR/USD is trading at the 1.12 handle, down from levels seen recently. The team at BTMU sees a loss of momentum for the pair and lays out the outlook. Here is their view, courtesy of eFXnews: The euro’s attempt to break higher against the US dollar following the more dovish policy signal form the Fed … “EUR/USD: Bullish Momentum Faded: Range & Outlook – BTMU”
EUR/USD: Trading the University of Michigan 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. Indicator … “EUR/USD: Trading the University of Michigan Consumer Sentiment Index”
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”
Euro Set To Continue Higher; Can The ECB Remain
EUR/USD is scratching the highs every day, but still seems a bit shy of moving even higher. What’s next? Here is the view from Danske: Here is their view, courtesy of eFXnews: We expect the continued low inflation in the euro area to eventually trigger additional easing from the ECB, but we do not expect … “Euro Set To Continue Higher; Can The ECB Remain”
There Is One Exception In Negative Rates Economies: How
Negative interest rates are in abundance now, with new central banks adding them. What is the exception? Here is the answer from Deutsche Bank: Here is their view, courtesy of eFXnews: Central banks’ experiment with negative interest rates continues apace this year, with the BoJ the latest to have dipped a toe in the water … “There Is One Exception In Negative Rates Economies: How”
US ‘Sticky’ Core CPI At Post-Recession Highs; USD To
The US dollar had quite a few negative weeks, mostly due to dovishness coming out of the Fed, and in particular from Chair Yellen. Nevertheless, the data-dependent Fed may have reasons to look a bit more optimistic, and this could support the greenback: Here is their view, courtesy of eFXnews: Chair Yellen mentioned it, and … “US ‘Sticky’ Core CPI At Post-Recession Highs; USD To”
The Great JPY Reversal – Morgan Stanley
The Japanese yen is undoubtedly the king of the hill this week, with seemingly unstoppable gains. Here is the view from Morgan Stanley on these moves: Here is their view, courtesy of eFXnews: Over recent weeks, the EUR moved moderately higher, while the JPY accelerated sharply, with USDJPY now nearing our USDJPY 105 year-end target. The negative reaction … “The Great JPY Reversal – Morgan Stanley”