The US dollar has been struggling in the current risk off environment and this is also seen in the yields. How should we position? Here are some answers from BNP Paribas: Here is their view, courtesy of eFXnews: The USD continues to struggle against the G10 funders amid diminished expectations for a September rate hike … “USD Yield Support Waning; How To Position? – BNPP”
Category: Opinions
GBPUSD Facing Barrier around $1.5700
Talking Points British Pound has made a couple of attempts to clear $1.5700 against the US Dollar but failed. UK Retail Sales released by the National Statistics registered a rise of +0.1% in July 2015, which was lower compared with the forecast of a +0.4% increase. In terms of the yearly change, there was a … “GBPUSD Facing Barrier around $1.5700”
AUD/USD: Trading the Chinese Caixin PMI August 2015
Chinese Caixin Flash Manufacturing PMI is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China, and a reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes … “AUD/USD: Trading the Chinese Caixin PMI August 2015”
September hike still on the cards after FOMC Minutes –
The FOMC minutes were released early and dealt a blow to the greenback on the lack of conviction for a rate hike. But could we have expected something really hawkish? The team at CIBC provides some answers: Here is their view, courtesy of eFXnews: The Fed couldn’t be THAT hawkish in July, or they would have raised … “September hike still on the cards after FOMC Minutes –”
GBP/USD: Trading the British Retail Sales Aug 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 only +0.1% – GBP slides Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 8:30 GMT. Indicator Background Retail Sales is the primary … “GBP/USD: Trading the British Retail Sales Aug 2015”
EUR/USD: Trading the US Core CPI August 2015
US Core CPI 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 dollar. Update: US core inflation 1.8% y/y, monthly figures disappoint – USD rises after the initial dip Here are all the details, and 5 possible outcomes for … “EUR/USD: Trading the US Core CPI August 2015”
Predictable Currencies vs. Unpredictable Central Banks – MM #63
Some currency pairs are make life easier for the technical trader. We begin with discussing and listing them before moving to the uncertainties caused by central banks in the US (following the NFP) the UK (Super Thursday) and China (stocks, devaluation) before looking forward. You are welcome to listen, subscribe and provide feedback. 5 most predictable … “Predictable Currencies vs. Unpredictable Central Banks – MM #63”
Morgan Stanley Chart Of The Week: Buying USD/CAD
The Canadian dollar has weathered the recent weakness in oil prices, but can it last_ The team at Morgan Stanley suggests buying Dollar/CAD this week: Here is their view, courtesy of eFXnews: Morgan Stanley picks USD/CAD as its technical FX chart of the week, where MS is bullish and long tactically and structurally MS provides the key … “Morgan Stanley Chart Of The Week: Buying USD/CAD”
GBPUSD Looks Higher, GBPJPY Trades Into A Triangle –
GBPUSD did not go far recently, but remains bullish as the recent decline was made in three waves. Ideally the market will rally today out of a downward channel and towards 1.5700. GBPUSD 1h Elliott Wave Analysis We are also tracking a bullish pattern for GBP on GBPJPY which is stuck in a triangle. Ideally … “GBPUSD Looks Higher, GBPJPY Trades Into A Triangle –”
What’s Behind This EUR Resilience? – Morgan Stanley
EUR/USD is holding its high ground despite doubts about a Greek deal, strong US retail sales and not so impressive German growth. What’s behind the resilience? The team at Morgan Stanley explains: Here is their view, courtesy of eFXnews: The direction of global risk appetite remains crucial for the relative performance of currencies within the core DM … “What’s Behind This EUR Resilience? – Morgan Stanley”