The Fed minutes did not reveal anything we didn’t know, but did weigh on the dollar. The team at Bank of America Merrill Lynch fades this and explains: Here is their view, courtesy of eFXnews: Fed officials eye December liftoff. The October FOMC minutes covered a wide-range of views among the Committee, with arguably a few more … “Don’t Be Fooled By USD Decline Post-FOMC Minutes – BofA”
Category: Opinions
CAD: Oil Off A Loonie’s Back; EUR: Does Draghi Know
The Canadian dollar has been rocking and rolling on oil prices and things become complicated. Regarding the euro: what does Draghi know? Here is the view from CIBC: Here is their view, courtesy of eFXnews: CAD: Oil Off a Loonie’s Back. The 30, 60 and 120 day correlations between oil prices and movements in the C$ remain … “CAD: Oil Off A Loonie’s Back; EUR: Does Draghi Know”
EUR/USD: Flows, Valuation, Risks, Forecasts – Danske
Did EUR/USD find a bottom? Perhaps for now, but the future is more complicated. The team at Danske analyze the moving parts behind the pair: Here is their view, courtesy of eFXnews: Flows. Speculators have increased their bearish EUR/USD positions substantially over the past few weeks and positioning looks increasingly stretched from an historical point … “EUR/USD: Flows, Valuation, Risks, Forecasts – Danske”
GBP/USD: Trading the British Retail Sales Nov 2015
British Retail Sales is considered one of the most important economic indicators. A reading that is higher than the market forecast is bullish for the British pound. Update: UK retail sales disappoint – GBP/USD slips Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 9:30 GMT. Indicator Background Retail Sales is the primary gauge of … “GBP/USD: Trading the British Retail Sales Nov 2015”
EUR/USD to parity by year end – Goldman Sachs
EUR/USD is struggling on lower ground, but still keeps a safe distance from the year’s lows at 1.0460. Goldman Sachs sees the pair falling in two steps towards parity by year end, with a bolder target afterwards: Here is their view, courtesy of eFXnews: In a note to clients this week, Goldman Sachs discusses the dynamics and … “EUR/USD to parity by year end – Goldman Sachs”
EUR/USD: Trading the German ZEW Nov 2015
German ZEW Economic Sentiment is based on a monthly survey of institutional investors and analysts and their views of the German economy. A reading that is higher than the market forecast is bullish for the euro. Update: Gernan ZEW recovers to 10.4 Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday … “EUR/USD: Trading the German ZEW Nov 2015”
December Decision Drives Dollar – #76
We start off with discussing the upbeat US figures and what it means for December, continue with tumbling oil prices and preview the upcoming events. You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. December rate hike?: An upbeat NFP including wage hikes as well as some other positive developments (consumer focused) raise expectations for … “December Decision Drives Dollar – #76”
When Will The USD Peak? – SocGen
The USD is showing a lot of strength, but nothing lasts forever. The team at SocGen asks when we’ll see the peak of the greenback: Here is their view, courtesy of eFXnews: The FOMC will raise rates in December, unless put off by softer economic data, falling commodity prices, a strong dollar or emerging market volatility, … “When Will The USD Peak? – SocGen”
Maintaining EUR/USD shorts targeting 0.99 – Barclays
EUR/USD consolidated its losses and stayed at the 1.07 handle. What’s next for the pair? The team at Barclays Capital was short and it now revises its targets considering a wider range of policy outcomes: Here is their view, courtesy of eFXnews: Barclays Capital continues to see significant further downside in EUR/USD but expects the extent … “Maintaining EUR/USD shorts targeting 0.99 – Barclays”
EUR/USD shows us it’s vulnerable
Yet another disappointing retail sales report was not good enough: EUR/USD initially advanced, but this didn’t last too long. While other currencies also failed to rally against the dollar, the euro shows that it is the weakest: falling fast and falling the hardest. While the pair is still in range, this reaction shows that it … “EUR/USD shows us it’s vulnerable”