The jobs report from ADP provides a snapshot of private sector employment in the US, as well as a hint for the official Non-Farm Payrolls publication coming on Friday. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for USD/JPY. Published on Wednesday … “USD/JPY: Trading the US ADP Non-Farm Payrolls”
Category: Opinions
Is The USD Top In? Where To Target? – NAB
The US dollar is not looking as strong as it used to be. The team at NAB analyzes: Here is their view, courtesy of eFXnews: Policy announcements from the ECB and the Fed in the last few weeks go some way to support the theory that G20 Central Bank governors came to a tacit agreement at their … “Is The USD Top In? Where To Target? – NAB”
Opportunities In ‘Actionable & Fashionable’ Sterling – Goldman Sachs
The pound has certainly been beaten, most recently by the impact of the Brussels bombings. What’s next? The team at Goldman Sachs weighs in: Here is their view, courtesy of eFXnews: According to research conducted by the Bank of England, Sterling has been “fashionable” and has driven movements in G-10 FX five times since the start … “Opportunities In ‘Actionable & Fashionable’ Sterling – Goldman Sachs”
EUR/USD: Trading the US Final GDP
US Final GDP is a key release and is published each quarter. GDP reports measure production and growth of the economy, and are considered by analysts as one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for … “EUR/USD: Trading the US Final GDP”
The Case For Staying Tactically Bearish On USD – Credit
The US dollar enjoyed a recovery, enjoying some hawkish Fed speak for a change. However, the team at Credit Suisse still sees the down side: Here is their view, courtesy of eFXnews: The sequence of volatile market reactions to central bank policy easing initiated by the BOJ and furthered by ECB had an eventful third … “The Case For Staying Tactically Bearish On USD – Credit”
CAD: Canadian Budget’s New Measures To Allow BoC To Stay
The relatively new Canadian government led by Justin Trudeau presented a new budget with a significant deficit. What does this mean for CAD? This could have a positive impact: Here is their view, courtesy of eFXnews: The federal government released its 2016 budget today. The fiscal deficit for FY2016-17 is expected at C$29.4bn (1.5% of GDP), roughly in … “CAD: Canadian Budget’s New Measures To Allow BoC To Stay”
EUR/USD – Next Targets – SEB
What’s net for EUR/USD after the Fed, the ECB and the Brussels bombings? Here are the new targets from SEB: Here is their view, courtesy of eFXnews: Almost two weeks ago the European Central Bank stated clearly that scope for further rate cuts was very limited. Some interpreted this remark as signalling a change in … “EUR/USD – Next Targets – SEB”
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 9:30 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”
Brent Crude looking toppy, Dow represents confusion, USD/CAD downside
“The market is seeing signs of topping”, says Craig Erlam, Senior FX Analyst for Oanda, as he joins today’s Tip TV Finance Show to discuss the technical outlook for Brent Crude Oil, Dow Jones, and USD/CAD. Key Points: Brent Crude – looking toppy, ran into resistance quickly, signs that momentum being drained out. Fundamentally can’t … “Brent Crude looking toppy, Dow represents confusion, USD/CAD downside”
GBP: Trading Brexit: The Long & Short Of It – CIBC
Should I stay or should I go? This is the question facing Brits regarding the European Union membership. And what will happen to the pound? The team at CIBC weighs in: Here is their view, courtesy of eFXnews: Financial markets are starting to take it seriously, and with good reason. Polls show a tightening race … “GBP: Trading Brexit: The Long & Short Of It – CIBC”