The Australian dollar made a big breakout on RBA comments, but the same institution tried playing it down. What’s next? Here is their view, courtesy of eFXnews: AUD/USD: S/T Correction Likely On Position-Squaring Risk & RBA Comments – Credit Agricole Credit Agricole CIB FX Strategy Research argues that AUD/USD is likely vulnerable to a short-term correction … “AUD/USD: Doubts about the rally, at least short-term”
Category: Opinions
Is the Canadian dollar too strong for the BOC?
USD/CAD collapsed on the hawkishness of the BOC and the weakness of the US dollar. Has it gone too far? Here are two opinions: Here is their view, courtesy of eFXnews: USD/CAD: Loonie Strength To Send BoC To The Sidelines; Where To Target? – CIBC CIBC FX Strategy Research argues that while CAD strength could extend … “Is the Canadian dollar too strong for the BOC?”
EUR/USD: Overbought After 1.15 Break; What’s The Trade? –
EUR/USD made a big break and is already eyeing 1.16. Has it gone too far? Here is the view from Danske: Here is their view, courtesy of eFXnews: Danske Bank FX Strategy Research notes that EUR/USD has entered into an overbought territory after breaking above 1.15 overnight, driven by general USD weakness after Republican Senate majority … “EUR/USD: Overbought After 1.15 Break; What’s The Trade? –”
The AUD/USD at 0.78? Well that escalated quickly.
The Australian dollar shot up to 0.7834 AUDUSD following poor and disappointing US economic and inflation data released on Friday. This inflation data is likely to complicate the Fed’s path of monetary tightening and retail data suggests that Americans are pulling back their spending. The discouraging data indicated that last month was only the fifth … “The AUD/USD at 0.78? Well that escalated quickly.”
Has the Canadian dollar gone too far? Two opinions
The Canadian dollar enjoyed the hawkish hike as well as strong data in Canada in weak figures in the US. Has it gone too far? Is the C$ too expensive? Here is their view, courtesy of eFXnews: CAD Has Gone Too Far; What’s The Trade? – Nordea Nordea FX Strategy Research advises against ‘extrapolating’ BoC … “Has the Canadian dollar gone too far? Two opinions”
EUR/USD: Dips To Prove Shallow; Where To Target? –
EUR/USD took advantage of the greenback’s weakness to make gains and reach out for the highs. What’s next? Here is their view, courtesy of eFXnews: In reaction to ECB’s recent flirt with stimulus exit talk, Danske Bank FX Strategy argued that as the ECB has let the genie out of the bottle for EUR/USD, it’s … “EUR/USD: Dips To Prove Shallow; Where To Target? –”
GBP: Is BoE The Next Central Bank To Raise Rate;
The pound is a bit confused with the talk coming out from the Bank of England. What’s next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the BoE appears likely to be the next G10 central bank to begin raising interest rates which should offer more support for GBP heading into … “GBP: Is BoE The Next Central Bank To Raise Rate;”
USD/CAD: What’s The Post-BoC Trade? – Nomura
The Bank of Canada raised rates and also pushed forecasts and expectations higher. USD/CAD tanked. Can the C$ continue higher? Here is their view, courtesy of eFXnews: Nomura Research continues to look for another BoC rate hike by December after the central bank raised the target for the overnight rate by 25bp to 0.75% at its … “USD/CAD: What’s The Post-BoC Trade? – Nomura”
Fed In Wait-And-See Mode; Next Hike Likely In September
What did we learn from Fed Chair Janet Yellen? Her prepared statement contained some worries about inflation, but she later balanced things out. Here is the view from SEB: Here is their view, courtesy of eFXnews: SEB Research comments on Fed Yellen’s testimony before the Congress. “Today’s testimony reinforces our view that the Fed is currently … “Fed In Wait-And-See Mode; Next Hike Likely In September”
USD: Fed Yellen’s Testimony On 3 Topics To Look For
After the troubles of Trump Junior downed the dollar, the next test is Yellen’s testimony. Here is a preview: Here is their view, courtesy of eFXnews: Fed Chair Yellen will be testifying in front of the House Financial Services Committee on Wednesday and Senate Banking Committee on Thursday. Her prepared remarks will be released at … “USD: Fed Yellen’s Testimony On 3 Topics To Look For”