The Australian dollar enjoyed better employment data, among other events, to move higher. Nevertheless, in the bigger picture, the team at Deutsche Bank sees room for the downside: Here is their view, courtesy of eFXnews: In a note today, Deutsche Bank advises clients to consider entering strategic short AUD/USD position from here targeting a move … “Time To Enter AUD/USD Short – Deutsche Bank”
Category: Opinions
Long USD trade getting tired; Fed doesn’t want to be
Simon Smith, Chief Economist for FX Pro, joined Zak Mir and Bill Hubard, Chief Economist for Bullion Capital, on the Tip TV Finance Show to discuss the fallout from the ECB meeting, and a view ahead to the assumed Fed interest rate hike next week. Key Points: Smith noted that people are now looking beyond … “Long USD trade getting tired; Fed doesn’t want to be”
The Case For Staying USD Bulls Into FOMC – Goldman Sachs
The US dollar suffered a short squeeze despite an advance in the odds for a rate hike. Does this build into a rise on the Fed December Decision? The team at Goldman Sachs makes the case for staying bullish: Here is their view, courtesy of eFXnews: “Next week, we expect the Fed to announce its first … “The Case For Staying USD Bulls Into FOMC – Goldman Sachs”
Best Contrarian Trade: Buy S/T EUR/USD Upside – BofA
EUR/USD has extended its recovery after a few days of consolidating the Draghi Disappointment. Does it have more room to the upside? The team at Bank of America Merrill Lynch explain: Here is their view, courtesy of eFXnews: Buying EUR/USD short-term upside is our top contrarian trade in the year ahead. It looks much less … “Best Contrarian Trade: Buy S/T EUR/USD Upside – BofA”
BNP Paribas’ Top FX Trades & Market Drivers For 2016
2016 is around the corner, and we already asked the question: will the dollar rise or turn down? After providing the ideas from BofA, here are interesting ideas and targets from BNP Paribas. And despite the recent euro-rally, EUR/USD parity is still on the radar: Here is their view, courtesy of eFXnews: “We expect policy divergence … “BNP Paribas’ Top FX Trades & Market Drivers For 2016”
ECB running out of available action, Fed 2016 trajectory
Neil MacKinnon, Global Macro Strategist for VTB Capital, joined Zak Mir and Mike Ingram on the Tip TV Finance Show to discuss the reaction to the ECB meeting and the assumed Fed rate hike and trajectory of tightening into 2016. Key Points: MacKinnon noted that even though the deposit rate was cut and QE was … “ECB running out of available action, Fed 2016 trajectory”
Will the US dollar continue higher in 2016?
The US dollar enjoyed two years of substantial strength on monetary policy divergence from the rest of the world. And now, when the historic rate hike is basically around the corner, with more to come, will it continue rising? Here are the arguments for a stronger USD, for a weaker one and also a speculation for the … “Will the US dollar continue higher in 2016?”
On Expectations and Disappointments in EUR, USD and Oil
We start off by explaining the big Draghi Disappointment (and what could reverse the moves), the critical developments for a rate hike in the US, continue with slippery oil and sign off with the next events ahead. You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Draghi Disappointment: Draghi giveth and Draghi taketh away. … “On Expectations and Disappointments in EUR, USD and Oil”
AUD/USD: Trading the Australian jobs Dec 2015
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 Dec 2015”
No Fed action will see EUR/USD to 1.1750, USD/JPY:
In today’s forex forecast, we look at the technical setup for EUR/USD, GBP/USD, USD/JPY and EUR/GBP, with Steven Woodcock, Senior FX Analyst at Plutus FX. EUR/USD: 1.1750 of Fed fails to act Woodcock believes that the ECB led bounce in the EUR has nothing to do with the long-term outlook for the pair. Woodcock doesn’t … “No Fed action will see EUR/USD to 1.1750, USD/JPY:”