On one hand, a rate hike in Canada is priced in. On the other hand, there is no 100% consensus among analysts that the BOC will indeed pull the trigger. Here are two opinions: Here is their view, courtesy of eFXnews: CAD: BoC Hike In The Price; Investors May Sell On Fact – Citi Citi … “BOC: To hike or not to hike?”
Category: Opinions
EUR/USD hugging 1.14 – break up or break down?
EUR/USD started the new week in the same place it ended the previous one, around 1.14 and not going anywhere fast. What’s next? Here are a few opinions: Here is their view, courtesy of eFXnews: EUR/USD: Monitoring ECB Reaction On A Move Above 1.15; Looking For A S/T Correction – Nordea Nordea FX Strategy Research … “EUR/USD hugging 1.14 – break up or break down?”
EUR/USD is back to the highs – make or break?
EUR/USD is trading on the higher ground once again, topping 1.14 and with one eye on 1.15. Can it make the move? Here are three opinions: Here is their view, courtesy of eFXnews: EUR/USD: Bullish But Mind ECB Reaction On A Move ‘Well Beyond’ 1.15 – Credit Suisse Credit Suisse FX Strategy Research has been … “EUR/USD is back to the highs – make or break?”
CAD: Premature For BoC To Tighten In July; Fade ‘Market
The Canadian dollar enjoyed the hawkish tone coming out of the BOC, as well as the recent rise in oil prices. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital Research argues that it is unlikely for CAD to get further support from monetary policy expectations as the BoC enters the blackout period before … “CAD: Premature For BoC To Tighten In July; Fade ‘Market”
GBP: Bringing Forward Our BoE Rate Hike Call To Nov
The British pound enjoyed Carney’s positive comments and advanced. Is he really up for a rate hike? Here is the view from BTMU: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research has brought forward the timing of the first MPC rate increase from Feb 2018 to Nov 2017. From an FX perspective, BTMU short-term metrics … “GBP: Bringing Forward Our BoE Rate Hike Call To Nov”
CAD: The Loonie Takes Flight; What’s The Trade? – SocGen
The Canadian GDP report came out as expected and did not stop the Canadian dollar. USD/CAD is firmly under 1.30. What’s next? Here is their view, courtesy of eFXnews: Societe Generale FX Strategy Research notes that the hawkish commentary from Bank of Canada officials this month has taken the FX market by storm. “The signal from … “CAD: The Loonie Takes Flight; What’s The Trade? – SocGen”
EUR/USD Heading ‘Erratically’ Towards 1.20, and EUR/JPY to 130
The euro is on an uptrend against the dollar and even more against the yen. The team at SocGen see even further gains. Here is their view, courtesy of eFXnews: Societe Generale FX Strategy Research argues that the ECB isn’t going to hike rates soon, but how fast they move to reduce the pace of bond … “EUR/USD Heading ‘Erratically’ Towards 1.20, and EUR/JPY to 130”
EUR/USD: Inflation data could start the next rally
EUR/USD extended its Draghi-driven rally and reached a peak at 1.1435. This is the highest level in over a year, above the Brexit day high. From there, the pair slipped back and is “hugging” the 1.14 level. The euro probably needs to take a breather and is undergoing some profit taking. Another Another reason is … “EUR/USD: Inflation data could start the next rally”
EUR: Breaks Key Technical Levels; What’s Next? – TD
EUR/USD rallied on Draghi’s optimism and only temporarily dipped when the ECB tried to play it down. Trading closer to 1.14, what levels should we look out for? Here is their view, courtesy of eFXnews: TD Research notes that the EUR has seen a significant rally over the past day and this reflects Draghi’s comments … “EUR: Breaks Key Technical Levels; What’s Next? – TD”
EUR/USD: Draghi, Low Volatility, & Calm Market Behind ‘Outsized’
Draghi sent the euro up. And then some ECB sources downplayed Draghi. What’s next? Here is the view from BTMU: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the most common question fielded yesterday was whether the comments from ECB President Draghi were consistent with a 1.2% surge in EUR/USD. … “EUR/USD: Draghi, Low Volatility, & Calm Market Behind ‘Outsized’”