The UK and the EU decided to hold ongoing negotiations, and that lifted the Euro. Time is running short ahead of self-imposed and real deadlines. The thorny issues remain unresolved, and the UK government is somewhat paralyzed. Talking is better than an extended summer vacation EU Chief Negotiator Michel Barnier and UK Brexit Secretary Dominic … “Brexit talks run continuously, but it does not mean a happy end”
Category: Opinions
GBP/USD: Getting Cable Right The Best G10 FX Trade For Rest Of Year – BofAML
The pound continues rising on the reports of ongoing Brexit negotiations. Can this continue? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses GBP outlook and thinks that sterling is the G10 currency with the most potential to move in the months ahead, as the Brexit deadline is approaching. “To exit the … “GBP/USD: Getting Cable Right The Best G10 FX Trade For Rest Of Year – BofAML”
3 things to watch in the ECB Meeting Minutes
The ECB Meeting Minutes will shed light on the July meeting, which ended in a lower Euro. Clarifications about the rate hike, Trump’s trade, and ticking inflation stand out. Coming after the Fed minutes, it could serve as a reminder for the ECB’s dovishness. The European Central Bank releases its Monetary Policy Meeting Accounts on Thursday, … “3 things to watch in the ECB Meeting Minutes”
What forex shows about the highs and lows of 2017/18
Are the world’s political leaders up to the job? In tumultuous times the leaders of major nations face an unenviable task in tackling some of the biggest challenges faced in modern times. Forex market experts DailyFX has put US President Donald Trump, UK Prime Minister Theresa May, Japanese Prime Minister Shinzo Abe, Canadian Prime Minister … “What forex shows about the highs and lows of 2017/18”
EUR/USD: Charts: USD Trade-Weighted Index (TWI) At A Critical Juncture – SocGen
EUR/USD is looking for a new direction after recovering from the downfall. In the longer term, the common currency seems to have lots of room to rise. Here is their view, courtesy of eFXdata: Societe Generale Cross Asset Strategy Research notes that the USD trade-weighted index (TWI) is at a critical juncture and discusses the related … “EUR/USD: Charts: USD Trade-Weighted Index (TWI) At A Critical Juncture – SocGen”
More emerging and non-emerging economies could suffer from a strong dollar
The Turkish crisis is mostly about a change in global financial conditions. The Fed’s tightening and the raising of new tariffs weigh. Other emerging economies may follow and as we have seen, developed economies are not immune. The match that sparked the Turkish crisis was the US sanctions on Turkish ministers, an outcome of the … “More emerging and non-emerging economies could suffer from a strong dollar”
EUR/USD: Downside Risk Unlikely To Evaporate N-Term Even If Turkey CB Takes Bold Moves – Danske
EUR/USD was hit by the Turkish crisis and managed to find some stability. What’s next? Can it recover on upbeat German GDP or will Turkey bring it down? Here is their view, courtesy of eFXdata: Danske Research discusses EUR/USD outlook in light of the possible impact of the ongoing Turkish Lira crisis. “Even in the … “EUR/USD: Downside Risk Unlikely To Evaporate N-Term Even If Turkey CB Takes Bold Moves – Danske”
Major Details: Don’t Leave Out the Minor Pairs
When traders first start out on their journey, they either tend to stick to a few major pairs, or they trade every instrument they possibly can. The Majors are particularly popular because they have the lowest spread and are easily predictable with the simplest technical analysis techniques. The majors are the 7 most traded … “Major Details: Don’t Leave Out the Minor Pairs”
USD: CPI Report Shows Underlying Price Pressures Continue To Build – CIBC
US Core Inflation came out at 2.4% y/y, better than had been expected. Will it push the Fed to raise interest rates at a quicker pace? Here is their view, courtesy of eFXdata: CIBC Research discusses its reaction to today’s US CPI print for the month of July. “Headline inflation appears to have plateaued, but a … “USD: CPI Report Shows Underlying Price Pressures Continue To Build – CIBC”
Cryptos are suffering this summer, September could be better
Cryptocurrencies have been hit hard by yet another delay of a decision on a Bitcoin ETF. A delay does not mean a rejection, and there are now two more critical dates to watch. An upwards move could start ahead of these dates. Ethereum was struggling with $400, and now the ETH/USD is around $350. Ripple, … “Cryptos are suffering this summer, September could be better”