After two hawkish hikes, the BOC decided to halt rate hikes, sending the loonie lower. What’s next? Here is the view from Credit Agrciole: Credit Agricole CIB FX Strategy Research discusses it outlook for CAD in light of yesterday’s BoC October policy decision. “A hike in December now looks highly unlikely and our economists have … “USD/CAD: Shifting Our BoC Hike Call; Impact On CAD –”
Category: Opinions
EUR/USD ahead of the ECB: where are the risks?
Today is Draghi Day. The ECB is set to make its decision and the scenarios are laid out. Where could the surprises come from? And beyond the ECB, what could move the euro? Here are three views: Here is their view, courtesy of eFXnews: EUR/USD: 2 Possible Surprises From ECB; EUR Positioning Into The Meeting … “EUR/USD ahead of the ECB: where are the risks?”
USD/JPY: How To Trade Fed Chair Nomination – Credit
John Taylor, Jerome Powell and also incumbent Janet Yellen are the final candidates to lead the Federal Reserve. With Trump being Trump, he keeps the tension high, like in his reality show. This provides room for volatility. How can this be traded? Here is the view from Credit Agricole Here is their view, courtesy of … “USD/JPY: How To Trade Fed Chair Nomination – Credit”
Will EUR/USD ride the ECB decision?
The euro is stuck in a range, with little influence from political events. The big event is the ECB decision. What can we expect? Here is the outlook from BNP Paribas and Nomura. Here is their view, courtesy of eFXnews: EUR/USD: Assessing Risk Into Next Week’s ECB – BNPP BNP Paribas FX Strategy Research discusses … “Will EUR/USD ride the ECB decision?”
Appointing Taylor to Fed Chair could boost the USD by
Speculation is mounting about the next person to lead the Fed. Will Yellen continue? Will it be someone else? One of the options is John Taylor, best known for the Taylor Rule. How will the US dollar react? Here is the view from BTMU: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research … “Appointing Taylor to Fed Chair could boost the USD by”
EUR/USD and DAX at crossroads
EURUSD Intraday Analysis Between Support and Resistance EURUSD seems to be locked between support and resistance. Price is currently playing with the imminent support level at 1.1780. There are two possible scenarios here. Scenario 1 Price rejects this level and forms a pinbar or another bullish candle and drives more buyers to push the price … “EUR/USD and DAX at crossroads”
GBP/USD is becoming complicated, like Brexit negotiations
The pound is becoming quite tricky to trade, says NAB, as Brexit negotiations look complicated as well, as analyzed by BofAML. What’s next? Here is their view, courtesy of eFXnews: GBP/USD: ‘Extremely Unlikely’ To Achieve Progress Before Article 50 Deadline – BofAML Bank of America Merrill Lynch FX Strategy Research notes that Brexit headlines continue … “GBP/USD is becoming complicated, like Brexit negotiations”
The checkered history of the failing Fed
Recently central banks have come under a significant amount of pressure. Massive systemic failures like the global financial crisis and Eurozone debt troubles have created calls for an overhaul of the centralized system. Technology, in the form of cryptocurrencies, has sought to decentralize control, effectively creating an existential crisis amongst central banks. Further claims of … “The checkered history of the failing Fed”
A very soft Brexit in perpetuity? It could be great
According to report, yet to be confirmed by other sources, the EU will offer the UK to stay in the EU for another two years after the expiry of Article 50 in March 2019. From then, the UK will continue its regular activity in the EU and this will last for two years, until 2021. … “A very soft Brexit in perpetuity? It could be great”
EUR/USD looks ready to rise – three opinions
The euro enjoyed a sigh of relief as Catalonia refrained from a clear declaration of independence and the consequent response from Madrid. Is EUR/USD ready to rally? Here is their view, courtesy of eFXnews: EUR/USD: Is EUR out of the Catalan woods? What’s The Trade? – Credit Agricole Credit Agricole CIB FX Strategy Research discusses … “EUR/USD looks ready to rise – three opinions”