The FOMC meeting minutes hurt the US dollar, which is back to the back foot. But what does it mean for the next moves of the Fed? Here are two views: Here is their view, courtesy of eFXnews: USD: FOMC Minutes: Still Confident Of One More Fed Hike Before Year-End – SEB SEB Research comments on … “FOMC minutes – a rate hike still coming in December?”
Category: Opinions
On that CAD/Crude correlation – update
It has been a quiet period for Crude Oil. I have just spotted a possible reversal pattern at the major support level above 47.00. It seems like there is a small rejection candle. The candle formed just above the support level, which gives further reassurance. One potential scenario that I will be looking at is … “On that CAD/Crude correlation – update”
USD: US July CPI Missed A Bit; Overall USD Negative
US data is back to hurting the US dollar. For EUR/USD, the correction seems to be over. What’s next? Here is their view, courtesy of eFXnews: CIBC Research comments on today’s US July CPI data Inflation data noticing that it missed a bit to the low side of consensus, with 0.1% gains in both headline and core … “USD: US July CPI Missed A Bit; Overall USD Negative”
EUR/USD: Enough For Now But Risk Of Testing 1.20
EUR/USD is still consolidating around 1.18, taking its sweet time after a turbulent and busy week. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research notes that the move up in EUR/USD from the low 1.16s to above 1.18 in the past fortnight (high of 1.1910 on August 2nd) has taken … “EUR/USD: Enough For Now But Risk Of Testing 1.20”
A Future Prediction on Cryptocurrencies
Oh, 2013. How young we all were. When Bitcoin took off in 2013 the world felt like a different place. Cryptocurrencies were suddenly the future of currencies, with regular currencies immediately looking careworn. Silk road, the blockchain, the search for Satoshi Nakamoto, tax departments trying to grab revenue, the me-too currencies surfacing everywhere, the unlinking … “A Future Prediction on Cryptocurrencies”
GBP post BOE – can it continue falling?
The pound suffered from the BOE’s rate decision. The following press conference by Carney did not help. Yet this may not be the end of it. Can the pound continue falling? GBP/USD and EUR/GBP come into play: GBP: A Dovish Twist From BoE; EUR/GBP Set To Gain Further – Danske Danske Bank Research still views … “GBP post BOE – can it continue falling?”
Will the BOE send GBP higher?
The Bank of England convenes amid a rising pound and some better prospects for the economy. Will they provide a hawkish slip? Here are two opinions: Here is their view, courtesy of eFXnews: GBP: A ‘Hawkish Skip’ Likely On Thursday; EUR/GBP Risk-Reward – Nordea Nordea FX Strategy Research notes that Super Thursday is coming up … “Will the BOE send GBP higher?”
Don’t have pity for stubborn US dollar bulls
The EUR/USD’s ascent began in earnest after the result of the first round of the French election was sealed. The pair opened almost a cent and a half higher on the Monday after the election, rewarding euro bets the protectionist Le Pen would be the loser and the euro-centric Macron would push ahead with his … “Don’t have pity for stubborn US dollar bulls”
GBP/USD: Balance Of Risks Into BoE Aug Meeting; Where To
After falling on Carney’s dovishness and rising on his newly found hawkishness, the pound will face Carney once again, this time at the “Super Thursday” meeting on August 3rd. What can we expect? Here is their view, courtesy of eFXnews: CIBC FX Strategy Research notes that the August 3rd BoE policy meeting will again manifest divergent … “GBP/USD: Balance Of Risks Into BoE Aug Meeting; Where To”
No more rate hikes this year, 3 in 2018 – BNPP
The Fed is set to make its decision today and the focus is on the word “transitory”. However, the bigger decisions are still down the road. The team at BNP Paribas changed their forecasts for the next rate hikes. Here is their view, courtesy of eFXnews: BNP Paribas economists have made significant changes to their forecast … “No more rate hikes this year, 3 in 2018 – BNPP”