The safe haven yen and euro are not only moving by the fundamentals of gloom but also by technical levels. The team at Bank of America Merrill Lynch analyze: Here is their view, courtesy of eFXnews: USDJPY broke below major support by closing under 118.40, a level that supported the uptrend on a closing basis for … “EUR/USD: Foreboding Resistance; USD/JPY: Cloud Cross – BofA Merrill”
Category: Opinions
EUR and GBP to end the year higher; 2016 –
The second half of the year will be the time to reverse positions, urged Jeremy Stretch, Head of G10 FX for CIBC, when he joined Nick Batsford and Mike Ingram on the Tip TV Finance Show to discuss the Forex market in 2016, as well as views on Oil, the Eurozone and a Grexit. Topics … “EUR and GBP to end the year higher; 2016 –”
AUD/USD: Trading the Australian jobs Jan 2016
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 00:30 GMT. Indicator Background Job creation is one … “AUD/USD: Trading the Australian jobs Jan 2016”
Sell GBP/JPY – Credit Suisse Trade Of The Week
The pound suffers from poor data and other troubles while the yen enjoys safe haven flows. This and more are behind the short call by Credit Suissse: Here is their view, courtesy of eFXnews: Currency investors should consider selling GBP/JPY this week, advises Credit Suisse in its weekly FX pick to clients. Rationale: “The probability is … “Sell GBP/JPY – Credit Suisse Trade Of The Week”
Flogging The Fallen EUR – Credit Agricole
The common currency is behaving as a “safe haven” one, but not 100% of the time. It sometimes remembers the reasons for the “funding currency” status – easy ECB policy, which could strike again. What’s next? Here is the view from Credit Agricole: Here is their view, courtesy of eFXnews: Relative to other safe haven … “Flogging The Fallen EUR – Credit Agricole”
Is It Time To Cash In On USD/CAD Bets? – CIBC
USD/CAD has reached highs last seen in August 2003, 12.5 years ago, at nearly 1.42. But are we nearing an end of these gains? Here is an opinion from CIBC: Here is their view, courtesy of eFXnews: We’ve had a bearish near-term outlook on the Canadian dollar since mid-2014, admittedly one that we’ve had to move … “Is It Time To Cash In On USD/CAD Bets? – CIBC”
JPY: 115 Next, CAD: No Respite, AUD: Breaking Out –
Risk aversion remains the name of the game, with the yen standing on one extreme while CAD and AUD are on the other side. The team at Barclays analyzes what’s going on: JPY: Global risk sentiments to remain the main driver of the JPY Here is their view, courtesy of eFXnews: Amid a sharp deterioration in … “JPY: 115 Next, CAD: No Respite, AUD: Breaking Out –”
USD: Will The Fed Blink, Again? – Credit Agricole
Recent market turmoil resembles what we’ve seen back in August. That led to a postponement of the rate hike. Will the Fed react again? The team at Credit Agricole explores: Here is their view, courtesy of eFXnews: Risk aversion reared its ugly head yet again at the start of the new year with concerns about … “USD: Will The Fed Blink, Again? – Credit Agricole”
GBP/USD: Trading the British Manufacturing Jan 2016
British Manufacturing Production, a key indicator, provides analysts and traders with a snapshot of the health of the UK manufacturing sector. 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 Tuesday at 9:30 GMT. Indicator Background The … “GBP/USD: Trading the British Manufacturing Jan 2016”
EUR: 4 Cross-Currents In Play: What Is The Trade? –
EUR-USD had an exciting week with various forces influencing it. Morgan Stanley explains what’s going and what’s next: Here is their view, courtesy of eFXnews: In its weekly note to clients, Morgan Stanley argues that the cross-currents of negative flow dynamics and upward pressure from risk appetite may keep EUR without a clear trend in the … “EUR: 4 Cross-Currents In Play: What Is The Trade? –”