The EUR/USD just set a new 2 year low and this may not be the end. It may well extend the drop into early 2015, says the team at Barclays. Here is the reasoning, targets and the chart: Here is their view, courtesy of eFXnews: Plenty of macro and technical factors are currently in play … “EUR/USD Downside Set To Extend Into Early 2015 –”
Category: Opinions
Yellen run down, oil running down, Russian run and the
It’s hard to believe the holidays are here with so much action in the markets. We try to make sense of it all by understanding the different elements of the important Fed decision, the impact of oil prices various countries, a focus on Russia’s ruble, the resulting emergency SNB decision and the fate of the currency … “Yellen run down, oil running down, Russian run and the”
Cheap oil good for consuming countries, but won’t help
Cheap oil is good for the economies of the US, Europe and Japan and the recent plunge in prices should support the USD, but for the EUR and JPY the dynamics are more nuanced. The interpretation many commentators are drawing from plunging oil and commodity prices is that the global economy is slowing and that … “Cheap oil good for consuming countries, but won’t help”
Glory Days for USD: Strength Set To Extend – Goldman
Goldman Sachs is certainly bullish on the US economy and the consequent US dollar strength. They see more “glory days” for the greenback and set targets for EUR/USD and USD/JPY: Here is their view, courtesy of eFXnews: In its last ‘Global Economics Weekly’ note for this year, Goldman Sachs makes the case for a stronger … “Glory Days for USD: Strength Set To Extend – Goldman”
FOMC quick preview: what’s more important: employment or inflation?
The Fed convenes for the first time after QE ended and for the last time this year. This meeting consists of updated forecasts and a press conference. The focus is on the wording regarding the rate hike: will the Fed remove the “considerable time” phrase and pave the way for a rate hike? It depends on … “FOMC quick preview: what’s more important: employment or inflation?”
USD/JPY: Trading the Philadelphia Index December 2014
The Philadelphia Fed Manufacturing Index is an important leading indicator, based on a survey of manufacturers in the Philadelphia area. It examines manufacturers’ opinions of business activity, and helps provides a snapshot of the health of the manufacturing sector. A reading which exceeds the forecast is bullish for the dollar. Update: Philly Fed Manufacturing Index slides … “USD/JPY: Trading the Philadelphia Index December 2014”
NZD/USD: Trading the New Zealand GDP December 2014
New Zealand Gross Domestic Product (GDP) is a key release, released each quarter, which measures 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 New Zealand dollar. Here are all the details, and 5 … “NZD/USD: Trading the New Zealand GDP December 2014”
AUD/USD Next Targets Down Under – Morgan Stanley Chart
What’s next for the Australian dollar? It probably has more room on the downside. The team at Morgan Stanley provides 3 charts and various targets for the Aussie $: Here is their view, courtesy of eFXnews: Morgan Stanley picks AUD/USD as its technical FX chart of the week, where MS is bearish and looking to chase to … “AUD/USD Next Targets Down Under – Morgan Stanley Chart”
EUR/USD: A Low In For The Year? Ending Wedge –
EUR/USD has made a nice recovery from the lows. Is it all over for a new fall in the world’s most popular pair? The team at Goldman Sachs examines the wedge: Here is their view, courtesy of eFXnews: EUR/USD closed above the top of the pattern last Wednesday, re-tested the break point on last Thursday and … “EUR/USD: A Low In For The Year? Ending Wedge –”
EUR/USD: Wave-3 Correction; USD/JPY: H&S Top – Nomura
In two major pairs, the team at Nomura finds very interesting patterns. These are a wave 3 correction in EUR/USD and a Head & Shoulders top in USD/JPY. Here are the charts and the explanations: Here is their view, courtesy of eFXnews: In EUR/USD, Nomura still holds the view that the falling wedge from October fits … “EUR/USD: Wave-3 Correction; USD/JPY: H&S Top – Nomura”