The inverse relationship that exists between the strength of the USD and emerging market currencies is a worrying phenomenon in today’s global economy. A September Rate Hike by the Fed will Turn the Screws on Weaker Currencies! Dollar Strength is Expected to Increase before the Year is Out Many an article has been written about … “USD Soars & Emerging Market Currencies Crumble”
Category: Opinions
What’s Next For GBP After Super-Thursday? – ANZ and
The big bulk of BOE related events hit the pound hard. But as this was a big bulk of data, markets continue digesting it and the reaction is far from over. Here are views from two banks on what awaits the pound. Here is their view, courtesy of eFXnews: First, ANZ: The BoE’s Super-Thursday was dovish … “What’s Next For GBP After Super-Thursday? – ANZ and”
Get Ready For Another EUR/USD Sell-Off Coming Weeks –
While EUR/USD is trading in somewhat lower ground, it hasn’t gone too far. Nevertheless, Credit Agricole sees another sell-off of euro/dollar in the next few weeks. Here’s why + targets: Here is their view, courtesy of eFXnews: The EUR has been broadly range-bound over the past few weeks, mainly due to relatively stable policy differentials. … “Get Ready For Another EUR/USD Sell-Off Coming Weeks –”
EUR/USD: Trading the US NFP Aug 2016
US Non-Farm 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. Published on Friday at 12:30 GMT. Indicator Background Job … “EUR/USD: Trading the US NFP Aug 2016”
AUDUSD Inside Day – Waiting for Bearish Breakouts
The AUDUSD has been one of the big movers this year – a large long term bearish trend is powering down the charts as this market continues to weaken. During the last few weeks, the downward momentum has taken pause as the market slows down and consolidates a little above a support level. Last session, … “AUDUSD Inside Day – Waiting for Bearish Breakouts”
Greek crisis set for a comeback – debt restructuring
The Greek crisis faded into the back burner but is certainly not forgotten and it is set to reach the agenda quite soon: Greece has to pay the ECB on August 20th, and it doesn’t have the money. The big elephant in the room remains debt restructuring: after the IMF clearly supported it, more voices from the … “Greek crisis set for a comeback – debt restructuring”
AUD/USD: Trading the Australian jobs Aug 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 1:30 GMT. Indicator Background Job creation is one … “AUD/USD: Trading the Australian jobs Aug 2015”
GBP/USD: Trading the British Services PMI Aug. 2015
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. Update: UK Services PMI: 57.4 Here are all the details, and 5 possible outcomes … “GBP/USD: Trading the British Services PMI Aug. 2015”
AUDUSD & USDJPY Look Higher – Elliott Wave Analysis
The mover in the overnight session was AUD which rallied sharply following the good retail sales and trade balance figures as well as the shift from the RBA. This bullish move has been technically expected, already ahead of the events as we highlighted a clear bullish pattern after only three waves down to 0.7260. At … “AUDUSD & USDJPY Look Higher – Elliott Wave Analysis”
A Lot More EUR Selling Still To Come; Where To
EUR/USD is trading under the 1.10 level but isn’t going down too fast. What’s next for the common currency? The team at BTMU sees more EUR selling still to come and sets the next targets: Here is their view, courtesy of eFXnews: During July the euro weakened against the US dollar in terms of London … “A Lot More EUR Selling Still To Come; Where To”