It looks like the USDCAD is having some hard time breaking below the 1.3250 support level. There is a doji-like hesitance-implying daily candle, which is giving further indication of the general market direction. Directionless or bullish? It looks like we can see the price bouncing back to the 1.3400 area. In case we see a … “USD/CAD at stubborn support, DAX hitting resistance”
Category: Opinions
GBP/USD: between rock and a hard place
The inconclusive UK elections found Theresa May scrambling to form a coalition. She is pressured to soften her stance on Brexit, but the UK could face a fresh round of elections should her coalition crumble. UK data is also important with rising inflation boosting the pound. The BOE convenes amid a worsening dilemma about interest … “GBP/USD: between rock and a hard place”
FOMC reactions: Balance sheet in September, hike in December
The Fed raised interest rates and sounded optimistic on the economy and on inflation. The US dollar had room to run. What’s next for the central bank? Here are two opinions about the next two big meetings this year: Here is their view, courtesy of eFXnews: June FOMC: Balance Sheet Runoff In September, Another Hike … “FOMC reactions: Balance sheet in September, hike in December”
USD: Fed To The Rescue: Will The USD Rally Out
The Fed is making its decision today and a dovish hike is on the cards. How will the dollar react? Here is their view, courtesy of eFXnews: NAB FX Strategy Research expects a quarter-point lift to the Fed Funds rate (to 1.0-1.25%) at the FOMC June meeting and argues that any thing other than retention of … “USD: Fed To The Rescue: Will The USD Rally Out”
EUR/USD: 6 Reasons To Stay Bearish N-Term – Nordea
EUR/USD is never too far from the 1.12 level, trading a bit above or a bit below this level. What’s next? The team at Nordea leans to the dovish side: Here is their view, courtesy of eFXnews: Nordea FX Strategy Research recommends staying short-term bearish EUR/USD on the ground of the following 6 reasons: “1) The pair … “EUR/USD: 6 Reasons To Stay Bearish N-Term – Nordea”
GBP/USD – more downside to 1.21? Two opinions
The British pound is stuck between a rock and a hard place. The fallout from the UK elections is devastating for the pound, which extends its falls on 4 developments. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: GBP: UK Elections: GBP/USD To Test 1.2515 En-Route To 1.2100 – UOB … “GBP/USD – more downside to 1.21? Two opinions”
GBP post elections – to 1.25 or a recovery? It
Cloudy weather is a feature of the UK, and for politics, it got quite murky. No party won an outright majority and the Conservatives are forming a government with the Irish DUP. What’s next for the pound? Here are three opinions: Here is their view, courtesy of eFXnews: GBP: UK Elections: Valuation Test To Take … “GBP post elections – to 1.25 or a recovery? It”
GBP/USD shocked lower but respecting ranges – levels
UK exit polls showed a hung parliament with only 314 seats for the Conservatives and high uncertainty all in allץ We don´t know if the Tories will eventually reach a small majority, if their position will further deteriorate and May resigns, or if uncertainty prevails. The response in the pound was loud and clear: a crash of … “GBP/USD shocked lower but respecting ranges – levels”
GBP/USD could jump if LibDems are kingmakers
The incumbent Conservative Party and the challenging Labour will take the vast majority of seats in parliament. However, both parties are set to fall short of an absolute majority. The Tories are closer, with 314 according to the predicted outcome. If confirmed, they could form a coalition with the LibDems 14 projected members in parliament and reach … “GBP/USD could jump if LibDems are kingmakers”
EUR/USD: A Tactical Short; ECB Not A Catalyst For
The ECB is more optimistic on growth but the downgrade of inflation projections hurt the euro. What’s next? Here is their view, courtesy of eFXnews: Danske Bank FX Strategy Research argues that today’s message from the ECB is not going to be a key catalyst for further EUR/USD upside for three reasons. “First, ECB rate hikes will … “EUR/USD: A Tactical Short; ECB Not A Catalyst For”