The Canadian dollar enjoyed the weakness of the dollar and more importantly, the rise in oil prices. What’s next? Has it gone too far? Stephen Poloz will be speaking later today. Here is their view, courtesy of eFXnews: TD Research argues that near-term dynamics point to USD/CAD is likely to remain to hover around the predictable 1.32-1.36 range … “USD/CAD: Looks Cheap Here; High-Frequency Model Targets A Push”
Category: Opinions
EUR/USD: In A Range But Still Looking For A Final
EUR/USD was already on the way down, but it somehow recovered. The range is friendly to the pair. What’s next? Here is their view, courtesy of eFXnews: Danske Bank FX Strategy Research still looking for a final dip lower in EUR/USD over the Summer arguing that the slowdown in US and China should spills over to the eurozone … “EUR/USD: In A Range But Still Looking For A Final”
AUD: Domestic Vs External Drivers: Where To Target? –
The rise of the Australian dollar seemed to have reached its limit. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital Research sees a broadly flat to mild downward trend in AUD/USD over the second half of the year, but expects the AUD to underperform other major currencies such as the NZD. “Although improving domestic fundamentals … “AUD: Domestic Vs External Drivers: Where To Target? –”
GBP: Here Is Why Further Downside Is Likely Limited From
The pound jumps and falls on central bankers’ musings. What’s next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research holds an optimistic assessment of the Brexit negotiations moving toward a favorable transition phase (2yrs perhaps) beyond the current end-date of negotiations currently set at 29th March 2019. “We believe it is in the interest … “GBP: Here Is Why Further Downside Is Likely Limited From”
AUD: RBA Remains Upbeat; What’s Next? – BTMU
The Australian dollar enjoyed the RBA’s upbeat message of late, as well as good economic data. However, also the Fed was hawkish. What’s next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the minutes from the June RBA monetary policy meeting released this week revealed an upbeat central bank that … “AUD: RBA Remains Upbeat; What’s Next? – BTMU”
GBP: Further Downside Near-Term; What’s The Trade? – BofAML
Brexit talks have begun with the UK caving into the EU demand that talks begin around the divorce agreement, then about a new trade deal. What´s next for the pound? Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research notes that GBP has been unable to maintain its initial gains after … “GBP: Further Downside Near-Term; What’s The Trade? – BofAML”
CAD: Bringing Forward Our BoC Hike Call To Q4; Where
The hawkish tone from Wilkins and then from Poloz pushed the Canadian dollar higher. Will this hawkishness translate into a hike? Here is their view, courtesy of eFXnews: CIBC FX Strategy Research notes that CAD was lent support last week from a sudden change in tune by the Bank of Canada, as Senior Deputy Governor … “CAD: Bringing Forward Our BoC Hike Call To Q4; Where”
Oil’s Risk to the Russian Ruble
Which of the following is expected to be the biggest challenge facing the ruble in the coming year? Market structure changes Russian Central bank politics Navigating Geopolitical challenges? Vodka prices Oil? If you said vodka prices then you were totally wrong. That was a joke, since everyone knows that Vodka is priceless in Russia. The … “Oil’s Risk to the Russian Ruble”
GBP/USD: What’s next after the hawkish BOE?
No less than three MPC members voted for raising interest rates, up from a lone vote last time. Rising inflation is becoming a worry for the BOE. What does this mean for the pound? Here is their view, courtesy of eFXnews: GBP: A Hawkish BoE Surprise; What’s Next For GBP – BTMU BTMU FX Strategy … “GBP/USD: What’s next after the hawkish BOE?”
Is the BOE trying to talk up the pound with their vote?
GBP/USD is up some 100 pips after the Bank of England made its rate decision. They have not changed the interest rate, but 3 out of 8 members voted for a hike. This is up from a lone dissenter in previous months and the reason for the rise. Central banks often like to guide markets … “Is the BOE trying to talk up the pound with their vote?”