Both the euro and the pound have suffered losses against the US dollar. Is the fall close to the end or not? Here is the view from Credit Agricole: Here is their view, courtesy of eFXnews: EUR: more downside likely on the back of growing demand for EURfunding. While we cannot rule out further easing … “EUR, GBP: How Much More Downside Ahead? – Credit”
Category: Opinions
EUR/USD – Trading the Eurozone CPI Flash Estimate
Eurozone CPI Flash Estimate is an inflation index which measures the change in the price of goods and services charged to consumers. A reading which 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 10:00 GMT. Indicator Background … “EUR/USD – Trading the Eurozone CPI Flash Estimate”
EUR/USD: Get Ready For ‘Groundhog Day’ – Barclays
Risk-off sentiment boosts the euro at the very wake of 2016, but this is only the beginning of a year that may, well, repeat itself. Here are some thoughts from Barclays: Here is their view, courtesy of eFXnews: The FX market will likely start 2016 with a strong sense of deja vu, as many themes from last … “EUR/USD: Get Ready For ‘Groundhog Day’ – Barclays”
Top 3 FX Trades For 2016 – SocGen
2016 is here: there’s no time for hangovers and markets are in full swing. Here are the top 3 trades of the year from SocGen: Here is their view, courtesy of eFXnews: “My top 3 G10FX trades in 2016: The first is short GBP/JPY, on valuation and Brexit risks though Monday will be more about UK … “Top 3 FX Trades For 2016 – SocGen”
USD/CAD To Rise Toward 1.4200 – Citi
The Canadian dollar remains under pressure with falling oil prices. We have not reached the bottom of the barrel according to the team at Citi: Here is their view, courtesy of eFXnews: Citi analysts expect that USD/CAD may rise toward 1.4200 for the coming 0-3 months. “Since petroleum products are Canada’s major export, the persistent … “USD/CAD To Rise Toward 1.4200 – Citi”
How Low Can The CAD Go? – Nomura
The Canadian dollar suffered with oil prices but didn’t really recover when they recovered. What’s next? Here is the view from Nomura: Here is their view, courtesy of eFXnews: “The Canadian dollar has depreciated significantly in recent weeks. Most of the depreciation can be linked to the further decline in oil prices and, to a … “How Low Can The CAD Go? – Nomura”
Where To Target GBP/USD, USD/JPY, EUR/USD In 2016? –
After 2015 has seen significant movements, it’s time to look to 2016, which is just around the corner. Here are the views on major pairs from Deutsche Bank: Here is their view, courtesy of eFXnews: GBP/USD: “In 2016, the GBP is likely to remain vulnerable most obviously against the USD. The pound in particular should … “Where To Target GBP/USD, USD/JPY, EUR/USD In 2016? –”
USD: Don’t Fear The Fed – BofA Merrill
The Federal Reserve raised rates and the skies didn’t fall. In the following week, we do see some weakening of the dollar. What’s next? Here are some thoughts from the team at Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Some global investors expect the US dollar will strengthen enough in 2016 … “USD: Don’t Fear The Fed – BofA Merrill”
USD/JPY: Trading the US New Home Sales Dec 2015
US New Home Sales indicator is released monthly, and provides analysts with important data the health and direction of the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 15:00 GMT. Indicator Background US New … “USD/JPY: Trading the US New Home Sales Dec 2015”
EUR/USD: Large Top; AUD/USD: Large Bearish Triangle – Credit
Liquidity is low but currencies are certainly on the move. The team at Credit Suisse sees interesting technical behaviors: Here is their view, courtesy of eFXnews: Credit Suisse technical strategy team provide some insights on the technical setups, trade ideas and projected paths for EUR/USD, and AUD/USD. EUR/USD: Support at 1.0796/92 is holding for now, but a … “EUR/USD: Large Top; AUD/USD: Large Bearish Triangle – Credit”