Donald Trump managed to withstand an amazing number of scandals. However, the latest issues refuse to move away. The recent Comey memo reports are of specific concern. According to the report, the President asked the FBI director to let go of an investigation into Michael Flynn’s business. This could amount to an attempt to obstruct justice, … “Trading a Trump impeachment with the US dollar in 3 phases”
Category: Opinions
Trading the Trump scandals and not improbable impeachment
The Russia investigation refuses to let go, just like Clinton’s email were omnipresent on the campaign trail. How does this affect markets? The US dollar is reacting. So, we discuss the future and move and also eye the I word – impeachment. What happens if we go down that path? Things got messy, but only … “Trading the Trump scandals and not improbable impeachment”
USD/CAD: Targeting 1.33 in Q1 2017 – good reasons to sell the loonie
Yesterday we published a view of the next moves in the C$, pointing to the downside. Here is another opinion, also supporting the downtrend in CAD, or uptrend in USD/CAD: Here is their view, courtesy of eFXnews: CIBC FX Strategy Research discusses USD/CAD outlook and notes that while talk of a BoC December rate hike … “USD/CAD: Targeting 1.33 in Q1 2017 – good reasons to sell the loonie”
GBP/USD could reach 1.36-1.37 by year end – two opinions
The pound advanced on hopes for a Brexit breakthrough. Here are two opinions that represent the targets that this optimism entails for the pound. We still have our doubts. The EU is very tough on the UK and the Irish issue also looms large. Here is their view, courtesy of eFXnews: GBP/USD: Breakthrough In Brexit … “GBP/USD could reach 1.36-1.37 by year end – two opinions”
EUR/USD: Range Shifted Higher & Bounce Not Stretched Yet – Danske
EUR/USD began the trading week with an increase to higher ground, extending its gains. Yet then, the better data from the new home sales halted the dollar decline consequently sending EUR/USD back down. What’s next? Here is their view, courtesy of eFXnews: Danske Bank FX Strategy Research summarized its short-term market views on EUR/USD, noticing … “EUR/USD: Range Shifted Higher & Bounce Not Stretched Yet – Danske”
Fed minutes signal inflation and asset valuation concerns
The FOMC meeting minutes released last week showed no major deviations from the main themes. The central bank indicated that it is preparing to hike interest rates in December. Citing broadly upbeat growth and the tightening labor market including consumer spending, the central bank officials are all set to hike interest rates at the next … “Fed minutes signal inflation and asset valuation concerns”
What Goes Up Must Eventually Come Down: The Bust of Universally High Asset Prices
In 1952, the motto of the US Democratic party was, “You never had it so good”. Well, have those times come around again? Following the rocky ride since the banking crisis of 2008, many world markets have recovered and indeed exceeded their previous heights. So, will history repeat itself? Will we witness further financial meltdowns … “What Goes Up Must Eventually Come Down: The Bust of Universally High Asset Prices”
USD/CAD: Break Of 1.2675 To Confirm Downside Remains Intact; Staying Short – TD
The Canadian dollar was pushed higher by rising oil prices but held back by worries about the Canadian economy. What’s next? Here is their view, courtesy of eFXnews: TD FX Strategy Research discusses USD/CAD outlook in light of the downside surprise in Canada’s retail sales report this week. “In spite of the deceleration in data … “USD/CAD: Break Of 1.2675 To Confirm Downside Remains Intact; Staying Short – TD”
EUR/USD: Turning Tactically Bullish; Upside Targeting 1.2050 – BTMU
We have seen how EUR/USD finds any excuse to rise and rise a bit more. The team at BTMU updates the targets for the pair: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research discusses EUR/USD outlook for the coming week, and makes the case for further upside towards 1.2050 and expects 1.1650 to … “EUR/USD: Turning Tactically Bullish; Upside Targeting 1.2050 – BTMU”
ETH/USD trading in a narrowing triangle – where will it break to?
Should we look to higher lows or lower highs? The price of Etherium is trading in a narrowing wedge or triangle. The peak price of $446 was recorded in early June. From there, the pair dropped all the way to $140 in mid-July. Both lines are the extremes of the triangle and from there we … “ETH/USD trading in a narrowing triangle – where will it break to?”