Geographically[i], the United Kingdom and the Swiss Confederation couldn’t be more different. The U.K. is famous for being the Island nation of the North Atlantic; Switzerland for being the landlocked nation of the Alps. Switzerland has few natural resources: hydropower, timber and salt, and 10% of its land arable, whereas the U.K. is rich in … “A Clockwork Trade”
Category: Opinions
GBP/USD: Trading the British Second GDP May 2015
British Second Estimate GDP indicator is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Update: UK updated GDP: +0.3% – GBP/USD slides Here are all the details, and 5 possible outcomes … “GBP/USD: Trading the British Second GDP May 2015”
Greece Crisis: Scenarios For EUR/USD, AUD/USD – NAB
Yet another deadline looms for Greece: the IMF payment due on June 5th. The Greek crisis is never too far from the headlines. The team at NAB outline scenarios for both EUR/USD and AUD/USD: Here is their view, courtesy of eFXnews: 1- Stay in Euro area and keep EUR (60%). “The most likely scenario is the … “Greece Crisis: Scenarios For EUR/USD, AUD/USD – NAB”
State of EUR/USD – The fall, the recovery and what’s
Just one year ago, EUR/USD traded at nearly 1.40. Since then, it has lost a lot of ground but managed to recover. Why did the pair fall so much, recover and what’s next? Here is an overview and an outlook: EUR/USD fell from a peak of nearly 1.40 in May to 1.05 a few months … “State of EUR/USD – The fall, the recovery and what’s”
Sell EUR/USD At Breakout Zone; Sell AUD/USD At S/T
The greenback continues rising and two currencies have drawn the attention of Credit Suisse: EUR and AUD. Here are the technical setups: Here is their view, courtesy of eFXnews: Starting with EUR/USD, CS notes that the bearish “outside” break below the 1.1066/52 “breakout” zone turns the broader trend lower again. “We look for further weakness here to … “Sell EUR/USD At Breakout Zone; Sell AUD/USD At S/T”
Commodity Currencies, Oil Hedges and more – Market Movers
Commodity currencies offer opportunities and we talk you through them. Not unrelated to the first topic, we run through the mechanisms of oil and top it off with the upcoming events. You are welcome to listen, subscribe and provide feedback. Commodity currencies: The three different currencies, AUD, CAD and NZD sometimes follow the same path and … “Commodity Currencies, Oil Hedges and more – Market Movers”
Sell EUR/GBP targeting 0.6770 – Barclays trade of the
The euro is on a downwards trajectory for over a week, while the pound is holding well against the greenback. This provides opportunities in the EUR/GBP cross. The team at Barclays provides a chart and a few targets: Here is their view, courtesy of eFXnews: Currency investors should consider selling EUR/GBP this week, advises Barclays Capital … “Sell EUR/GBP targeting 0.6770 – Barclays trade of the”
EUR/USD topped out – 0.98 by year end – Morgan Stanley
EUR/USD turned sharply down from resistance at 1.1450 and found support only at the very round level of 1.10. The team at Morgan Stanley explains why a top is in place and how it could continue falling, with targets for Q2, Q3 and Q4: Here is their view, courtesy of eFXnews: In its weekly FX … “EUR/USD topped out – 0.98 by year end – Morgan Stanley”
Why EUR/USD Parity looks more real, and that GDP Now
EUR/USD managed to print some sort of stability after the big fall from the highs. However, the reason for the fall could continue weighing heavily on the common currency. The team at ING discusses the pair, parity and the US GDP Now model: Here is their view, courtesy of eFXnews: “With the initial estimate for … “Why EUR/USD Parity looks more real, and that GDP Now”
EUR/USD: Trading the IFO May 2015
German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the estimate is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. … “EUR/USD: Trading the IFO May 2015”