The German elections yielded a fractured parliament and that sent the euro down. The team at BTMU analyzes: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the EUR has weakened during the last trading sessions following the more unfavorable result of German elections. “As widely expected Angela Merkel won her … “EUR: Less Favorable Outcome Of German Election EUR Negative”
Category: Opinions
EUR/USD: Is 1.20 The New 1.15 For ECB? – Nordea
EUR/USD was hit by the German elections, but still remains in the high range. The key mover remains the European Central Bank. What’s next for the euro? Here is their view, courtesy of eFXnews: Nordea FX Strategy Research notes that every time EUR/USD has traded at 1.20, we get a leak or a comment from the … “EUR/USD: Is 1.20 The New 1.15 For ECB? – Nordea”
EUR/USD: Post-FOMC Dip To Prove Shallow Before A Recovery
EUR-USD reacted negatively to the relatively hawkish Fed decision and dropped to support. Can it last? The team at Danske has doubts. Here is their view, courtesy of eFXnews: Danske Research comments on today’s FOMC September decision noticing that markets interpreted it hawkishly by sending EUR/USD lower and US Treasury yields higher. “EUR/USD fell below … “EUR/USD: Post-FOMC Dip To Prove Shallow Before A Recovery”
USD/CAD: Confined To A 4-Cent Range; What’s Next? – TD
The Canadian dollar rallied on the BOC hike but stalled afterward. What is the next move? Here is their view, courtesy of eFXnews: TD FX Strategy Research notes that USD/CAD has been confined to a four cent range as of late and this underscores the fact that the pair is looking for fresh impetus given the cross … “USD/CAD: Confined To A 4-Cent Range; What’s Next? – TD”
EUR/USD: Balance Of Risks Into This Week’s FOMC –
The Fed’s rate decision is the main event of the week. EUR/USD stabilized at a somewhat lower ground. How does the world’s most popular pair enter this decision? Here is their view, courtesy of eFXnews: The main event of the week is the September FOMC meeting on Wednesday and Barclays Capital Research expects no change … “EUR/USD: Balance Of Risks Into This Week’s FOMC –”
AUD/USD: Spec Bet & Technical Setup Increasingly Bullish; Levels
The Australian dollar enjoyed the weakness of the US dollar to advance. Mostly positive Australian data helps as well. What’s next? Here is the view from BTMU: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the latest IMM positioning report revealed that the AUD has been the main beneficiary amongst … “AUD/USD: Spec Bet & Technical Setup Increasingly Bullish; Levels”
The Economic Toll of Hurricane Harvey
With reported wind speeds of up to 130 mph and over nine trillion gallons of water falling in torrential rains on the coast alone, the destruction rendered by Hurricane Harvey will surely go down as one of the largest and most devastating hurricanes in US history. Initially, the world has watched in horror as pictures … “The Economic Toll of Hurricane Harvey”
Can EUR/USD reach even higher ground? – 3 opinions
Mario Draghi did his best to talk down the euro, complaining about the exchange rate. This did not succeed, to say the least. What’s next? Here are three opinions: Here is their view, courtesy of eFXnews: EUR/USD: Market Won’t ‘Overdo’ EUR Rise Post-ECB; Where To Target? – NAB NAB Research comments on today’s ECB September policy … “Can EUR/USD reach even higher ground? – 3 opinions”
USD/CAD: Air Pocket Into 1.2130 But Some Profit-Taking On
Dollar/CAD is trading under 1.24 ahead of the BOC decision. The team at TD sees a big air pocket on the way down. Here is their view, courtesy of eFXnews: TD FX Strategy Research notes that the focus this week for CAD traders shifts from data to policy, with the BoC meeting Wednesday. “We believe … “USD/CAD: Air Pocket Into 1.2130 But Some Profit-Taking On”
GBP/USD: is it time to go short?
GBPUSD Trading Setup Today I am looking at the GBPUSD pair. It seems like the daily chart looks ready to take a break. Price action is showing us first two bullish rejection candles- one of them is a pinbar. The candle from yesterday is a bearish engulfing candle. Additionally, the price is residing just below … “GBP/USD: is it time to go short?”