On 9 April, the five member board of the Bank of Mexico unanimously agreed to leave its overnight lending target rate unchanged at 3%. It is in the envious position of sharing its northern land border with the United States and a member of the North American Free Trade Agreement. Under NAFTA 90% of its … “A New Mexico?”
Category: Opinions
GBP: Trading UK Elections – ING
May 7th is getting closer and polls show a head to head battle between the rival parties. The pound is relatively resilient so far, but this may not last too long. The team at ING shares its view about a potential knee-jerk reaction. Here is their view, courtesy of eFXnews: As GBP started feeling the heat … “GBP: Trading UK Elections – ING”
A Greek default within the zone – the worst for
The euro seems to be paying more attention to teh troubles in Greece and less to US indicators and euro-zone ones. All in all, EUR/USD is trading within a wide range for quite some time. These moves are quite interesting, but a more interesting move would be a break down out of the range towards parity. This scenario … “A Greek default within the zone – the worst for”
UK Political Gridlock; Stay Short Sterling – RBS
Opinion polls for the upcoming UK elections couldn’t be closer. In addition, there is a growing chance of the “worst case scenario” for markets: a Labour-SNP minority government. The team at RBS focuses on the gridlock and sees downside for the pound: Here is their view, courtesy of eFXnews: Although markets appear comfortable they have … “UK Political Gridlock; Stay Short Sterling – RBS”
AUD/USD: Trading the Australian CPI Apr 2015
The Australian CPI (Consumer Price Index), which is released each quarter, is an inflation index which 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 Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. … “AUD/USD: Trading the Australian CPI Apr 2015”
The Confetti Lady that moved Draghi but not Markets –
The Draghi drama was certainly upgraded this time. We talk about about all the implications of everything that happened and didn’t happen there. We then talk about earnings season and what we should and shouldn’t look out for, take a look at rising oil prices from the M&A angle and conclude with the Canadian dollar. You … “The Confetti Lady that moved Draghi but not Markets –”
USD Index, EUR/USD: Trending Or Turning? – Goldman Sachs
EUR/USD did not fall off the cliff of 1.05 nor did it climb above the 1.1050 mountain. What’s next for the pair, and where is the greenback headed in general? The team at Goldman Sachs weighs in: Here is their view, courtesy of eFXnews: The USD in general seems to have struggled as of late as the … “USD Index, EUR/USD: Trending Or Turning? – Goldman Sachs”
EUR/USD: Growth, Flows, Policy, Valuation, Risks & Forecasts –
What’s the bigger picture regarding euro/dollar? It’s not only technical levels and fundamentals, but also flows. The team at Dankse takes a look at everything moving EUR/USD and reaches a conclusion about the next move: Here is their view, courtesy of eFXnews: Growth. Economic data has surprised on the upside in the eurozone in recent … “EUR/USD: Growth, Flows, Policy, Valuation, Risks & Forecasts –”
Sterling’s Election Stumble: How To Play It? – BNPP
The upcoming parliamentary elections in the UK on May 7th have already sent shivers and the pound could not sustain the moves against the euro and the dollar, despite a recent recovery. What’s next for sterling? Here is the view from BNP Paribas: Here is their view, courtesy of eFXnews: The relationship between the UK … “Sterling’s Election Stumble: How To Play It? – BNPP”
EUR/USD: Trading the University of Michigan Index – April
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and is bullish for the US dollar. Update: US Consumer Confidence beats at 95.9 Here are all the details, and 5 possible outcomes for EUR/USD. … “EUR/USD: Trading the University of Michigan Index – April”