The Non-Farm Payrolls is the highlight of this week’s trading calendar. Here is the view from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Employment growth likely slowed in January with nonfarm payrolls rising by 170,000. This follows a robust 2015 finish, as jobs increased by an average of 284,000 in … “January NFP: Preview & FX Trading Strategy – BofA”
Category: Opinions
Sell AUD/JPY – Barclays Trade Of The Week
The Australian dollar is a “risk” currency while the yen is a “safe haven”. This makes moves quite sharp, and now the team at Barclays sees opportunities: Here is their view, courtesy of eFXnews: We expect China’s PMI to remain in contraction territory and anticipate a below-consensus decline in the Caixin PMI (48.0, versus consensus … “Sell AUD/JPY – Barclays Trade Of The Week”
EUR/USD: The Painter’s Dilemma
It’s interesting to compare the expectations of the European Central Bank and those of the US Federal Reserve Bank at the time when the policies of the two major central banks began to diverge. The 22 October 2015 ECB statement specifically noted that, “…While euro area domestic demand remains resilient, concerns over growth prospects in … “EUR/USD: The Painter’s Dilemma”
EUR/USD Weakness Masking The Truth – CIBC
EUR/USD closed the last week of January slightly lower but still in range.. What is really going on? The team at CIBC explains: Here is their view, courtesy of eFXnews: Mario Draghi’s punishment for disappointing markets in December was swift, with investors bidding up the value of the euro during the following trading days. Although … “EUR/USD Weakness Masking The Truth – CIBC”
Don’t Abandon The Dollar: Here Is Why – BNPP
The US dollar seems to be on the back foot following a cautious FOMC statement and poor data. BNP Paribas says dollar bulls can keep the faith: Here is their view, courtesy of eFXnews: The FOMC’s 27 January statement made a subtle shift towards a more cautious message, notes BNP Paribas. “The statement dropped language … “Don’t Abandon The Dollar: Here Is Why – BNPP”
EUR: Time For Draghi To Save The World, Again –
The recent talk of downside risks sent EUR/USD down but it quickly recovered since. Will Draghi deliver next time? The team at Credit Agricole discusses: Here is their view, courtesy of eFXnews: The latest market turmoil signalled growing fears about the outlook of the global economy. These concerns are exacerbated by the overhang of USD-debt … “EUR: Time For Draghi To Save The World, Again –”
Four FOMC reactions
The Fed had a somewhat cautious and dovish approach, leaving many confused. Is March off the table or is it still on? What about risks? Here are 4 opinions from various banks. Note that some still see a hike in the upcoming meeting: Here is their view, courtesy of eFXnews: BofA Merrill The modest tweaks the … “Four FOMC reactions”
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”
Fed decision: hard to keep it balanced – 4 scenarios
The Fed made history in December by raising the rates for the first time in nearly a decade after an extremely long preparation. Despite putting an emphasis on inflation, Janet Yellen and her colleagues expressed confidence and according to their own dot-plot, they are theoretically on track to hike rates 4 times in 2016. An … “Fed decision: hard to keep it balanced – 4 scenarios”
GBP/USD: Trading the British Preliminary GDP
British Preliminary GDP, one of the most important economic releases, is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Update: UK GDP as expected with … “GBP/USD: Trading the British Preliminary GDP”