The Rand is Set to Experience A Crippling Blow in Coming Months! Interest Rate Hikes Dash Hopes of ZAR Recovery The ZAR is one of several emerging currencies set to experience ongoing declines in the coming months. As part of a vulnerable group of currencies, the South African rand is staring down a barrel against … “ZAR About to Endure More Agony from USD”
Category: Opinions
EUR/USD: Volatile Path Toward Parity By Year-End – BofA
EUR/USD rallied hard following the ECB “sitting on the fence” stance in the rate decision. Despite this volatility, the team at Bank of America Merrill Lynch sees the pair going down to parity. Here is their reasoning: Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch continues to expect a gradual EUR/USD weakening towards … “EUR/USD: Volatile Path Toward Parity By Year-End – BofA”
Get Ready For The Next Leg Lower In EUR/USD –
EUR/USD has certainly recovered on the back of optimism for Greece as well as USD weakness. This does not deter the team at Goldman Sachs, which sees the pair going well below parity: Here is their view, courtesy of eFXnews: In a special note to clients today, Goldman Sachs discusses the reasons behind the current … “Get Ready For The Next Leg Lower In EUR/USD –”
AUD/USD: Trading the Australian GDP Jun 2015
Australian GDP is the primary gauge of the production and growth of the economy. It is considered by analysts as one the most important indicators of economic activity, and a reading which is higher than expected is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at … “AUD/USD: Trading the Australian GDP Jun 2015”
GBP/USD: Trading the UK Construction PMI June 1 2015
British Construction PMI Index is based on a survey of Purchasing Managers in the construction industry. The survey includes about 170 respondents, who are surveyed for their view of a wide range of business conditions, including employment, new orders, prices and inventories. A reading which is higher than the market forecast is bullish for the … “GBP/USD: Trading the UK Construction PMI June 1 2015”
USD/JPY: Buy Nearest Dip; EUR/USD: Sell Against Neckline –
Two interesting technical patterns are emerging on the major pairs. The team at Credit Suisse details on EUR/USD and USD/JPY: Here is their view, courtesy of eFXnews: USD/JPY manages to sustains its early strength around 124.16, the 2007 peak, notes Credit Suisse. “While 123.48/33 holds, the immediate risk should stay higher for a clear break … “USD/JPY: Buy Nearest Dip; EUR/USD: Sell Against Neckline –”
A USD Story But EUR Still A Good Short; Sell
The US dollar has been left, right and center in recent days, but there are two sides to a currency pair. The euro did receive some positive economic indicators, but Greece looms. The team at Deutsche Bank explains why EUR/USD is still a good short: Here is their view, courtesy of eFXnews: In a note … “A USD Story But EUR Still A Good Short; Sell”
EUR: Time To Panic? – Credit Agricole
The clock is ticking towards the June 5th deadline for Greece, that scrambles to collect cash. Is the market too complacent about this crisis? The team at Credit Agricole assesses the risks for the common currency: Here is their view, courtesy of eFXnews: The Euro’s recent consolidation belies greater uncertainty about the outcome of the … “EUR: Time To Panic? – Credit Agricole”
Bank of Canada Limits Canadian Dollar Upside Potential
Bank of Canada Limits Loonie Upside, Oil Only Saving Hope for Bulls The Government of Canada has confirmed the dampening of the Canadian dollar rally by maintaining the overnight target rate at .75% and also specifically mentioning the impact of the Canadian dollar in its release. The specific mention of the Canadian dollar in its … “Bank of Canada Limits Canadian Dollar Upside Potential”
EUR/USD: Trading the US Preliminary GDP May 2015
US Preliminary GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, so publication of Preliminary GDP could have a significant impact on the movement of EUR/USD. A reading which is better than the market forecast is bullish for the dollar. Update:US Revised GDP: -0.7% … “EUR/USD: Trading the US Preliminary GDP May 2015”