The Australian dollar is under pressure along the other commodity currencies. What’s next? Here is the view from NAB: Here is their view, courtesy of eFXnews: NAB FX Technical Strategy notes that AUD/USD price achieved our downside target at 0.7150/00 in late December before launching an impulsive uptrend in January. However, NAB notes that this … “AUD/USD: Target A Return To 1-Year Range Lows: Levels &”
Category: Opinions
BOE Preview: Carney probably happy with the pound, fearful
The Bank of England convenes for one of its more important meetings. The “Super Thursday” event consists of the QIR. However, the shadow of the elections could keep Mark Carney and his colleagues a bit subdued. The BOE is likely happy with the recent rise of the pound. The gains will allow inflation to moderate … “BOE Preview: Carney probably happy with the pound, fearful”
GBP: Has it gone too far? 3 opinions
The pound continues trading at high ground, still rising and looking at.30 on GBP/USD. Is it too strong? Here are three views: Here is their view, courtesy of eFXnews: GBP: Temporary ‘Snap’ Higher Looks Overdone; Where To Target? – CIBC CIBC FX Strategy Research notes that going into the snap UK general election on May 8th, … “GBP: Has it gone too far? 3 opinions”
What’s next for the euro? Dip buying?
The euro sold the fact on the victory of Emmanuel Macron. What’s next? Here are two opinions, putting the common currency against different counterparts. Here is their view, courtesy of eFXnews: EUR: 2 Challenges N-Term & A Period Of Choppy Trading: What’s The Trade? – SocGen Societe Generale FX Strategy Research’s first reaction following yesterday’s … “What’s next for the euro? Dip buying?”
EUR/USD – selling the fact? Two opinions
Emmanuel Macron was elected President and received two-thirds of the vote. This was mostly priced in. Will we now see a selloff of the euro? Here is their view, courtesy of eFXnews: Macron Wins: EUR/USD: ‘Buy The Rumor, Sell The Fact’ – Barclays Barclays Capital FX Strategy Research argues that the victory of Emmanuel Macron carries the … “EUR/USD – selling the fact? Two opinions”
NFP Analysis: Still lots of slack – lower chances of
The good news is that the slowdown in March was a blip: only 79K jobs gained according to the revised data. The excuse about the weather has turned into a valid reason. The job gains in April, 211K, shows a positive trend. However, the full employment theory does not seem to hold: big job gains … “NFP Analysis: Still lots of slack – lower chances of”
EUR: Long Positioning Far From Elevated; A Buy On Dips
EUR/USD ended the week just under 1.10. Can it continue higher after the French elections? Here is their view, courtesy of eFXnews: Credit Agricole FX Strategy Research believes that the EUR is facing a further but gradual appreciation trend especially after this week’s second round vote in the French presidential elections which likely to help further shift the focus … “EUR: Long Positioning Far From Elevated; A Buy On Dips”
NFP Preview: did the Fed hint a positive outcome?
After a disappointing jobs report for March, economists expect a rebound in April. While it is hard to imagine a poor report after the Fed was sanguine about the economy, nothing can be ruled out. Will expectations for a June hike rise after the event pushing the dollar higher? Or will it provide a selling opportunity? So how can we … “NFP Preview: did the Fed hint a positive outcome?”
EUR looks strong – where to target?
EUR/USD is edging closer to 1.10 on hopes for a Macron win as well as other reasons. What’s next? Here is their view, courtesy of eFXnews: EUR: Path Of Appreciation Looking Clearer; Where To Target? – CIBC CIBC FX Strategy Research argues that the path for further EUR appreciation is now looking clearer mainly on the … “EUR looks strong – where to target?”
EUR/USD: Four factors that shape the next move
Euro/dollar stepped up its game after the first round of the French elections. This is one of the factors moving the world’s most popular currency pair. Another stems from monetary policy. We then move to the US economy and Trump’s politics to complete the four factors. Will the pair continue moving higher? Cautious optimism is … “EUR/USD: Four factors that shape the next move”