Oil prices have been in the center of attention, with both Brent and WTI Crude trading at levels last seen in 2004. What if this goes all the way to $20? Here is the view from Olivier Korber at SocGen: Here is their view, courtesy of eFXnews: “Tensions in the Middle East between Saudi Arabia … “What If Oil Goes To $20? How To Trade It? – SocGen”
Category: Opinions
Will China Scupper The USD Divergence Trade, Again? –
The Chinese stock market is dominating the financial news in the wake of 2016. The team at Credit Agricole examines the impact on the greenback: Here is their view, courtesy of eFXnews: The scrapping of the so called circuit breakers used to arrest the slide of the China stock market and the firmer CNY fix … “Will China Scupper The USD Divergence Trade, Again? –”
Here Is How Uncertainty Creates Opportunity For USD Bulls
The US dollar has gained against commodity currencies and the pound, but is ceding territory to the safe haven euro and yen. Yet the team at BNP Paribas explains how the greenback could regain ground, especially against the yen: Here is their view, courtesy of eFXnews: BNP Paribas outlook for the USD remains favourable as … “Here Is How Uncertainty Creates Opportunity For USD Bulls”
EUR/USD: Trading the US NFP Jan 2016
US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Update: Non-Farm Payrolls +292K – much better than … “EUR/USD: Trading the US NFP Jan 2016”
No ‘Sweet 16’ For The USD – HSBC
The US dollar had an excellent 2015 and is beginning 2016 on a strong footing against most currencies. Can this last? The team at HSBC sees a sour 2016 for the dollar against the euro and the yen, and sets targets: Here is their view, courtesy of eFXnews: In contrast to a consensus that expects … “No ‘Sweet 16’ For The USD – HSBC”
2016 Outlook – More volatility despite less divergence
Will the US dollar remain king in 2016? The year may see two distinct parts, and not necessarily because of the US elections. A change may be coming to the euro-zone and uncertainty about the UK’s membership could stir speculation on the pound. China will likely be an even bigger mystery and continue rising in … “2016 Outlook – More volatility despite less divergence”
Don’t Sell The Euro Yet – BofA Merrill
EUR/USD has certainly been suffering in recent days, with fear of more ECB action beating safe haven flows. What’s next? The team at Bank of America Merrill Lynch warns: Here is their view, courtesy of eFXnews: EUR choppy but weaker in 2016: 2015 was the year when the Euro finally weakened, but not on a … “Don’t Sell The Euro Yet – BofA Merrill”
CAD Falls To New 12-yr Lows; Eye On Gov Poloz,
USD/CAD is trading well above the 1.40 level, even though oil prices haven’t hit new lows. There are many factors hitting the loonie. Here are some explanations: Here is their view, courtesy of eFXnews: The Canadian dollar fell to new 12-year-plus lows below C$1.4000 versus the U.S. dollar Tuesday, with the loonie weighed by weak … “CAD Falls To New 12-yr Lows; Eye On Gov Poloz,”
Long USD Exposure In Spot Starting To Look Attractive –
The US dollar is gaining ground not only against risk currencies but also against the euro and the pound. Is it destined for more? The team at BNP Paribas weighs in: Here is their view, courtesy of eFXnews: BNP Paribas is watching for opportunities to enter new long USD spot trades. “Risk-off sentiment continues this … “Long USD Exposure In Spot Starting To Look Attractive –”
GBP/USD: Trading the British Services PMI Jan. 2016
The British Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. 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 … “GBP/USD: Trading the British Services PMI Jan. 2016”