The Fed sounded sanguine about the deterioration in the economic situation and this helped the dollar advance. Does this imply a rate hike in June? Here are various opinions: Here is their view, courtesy of eFXnews: May FOMC: Keeping The Door ‘Wide Open’ To A June Rate Hike – CIBC CIBC Research comments on today’s FOMC … “May FOMC: Did the Fed open the door for a June hike?”
Category: Opinions
Oil slips, but CAD stays put – what’s next?
After yet another disappointing inventory report for oil bulls, WTI is getting closer to the critical $47 support. However, USD/CAD is not reaching new highs. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: CAD: Momentum Traders Pile Into The Short Trade; What’s The Trade? – TD TD FX Strategy Research … “Oil slips, but CAD stays put – what’s next?”
Fed preview: reasons to be worried – 3 scenarios
The ECB talked about diminishing downside risks, at least to growth. In the US, the Federal Reserve faces materializing downside risks. Will it ignore them for now in hope they are blips? Or acknowledge the downturn, shut the door on a June hike and send the dollar down? Here is a preview of the May … “Fed preview: reasons to be worried – 3 scenarios”
EUR/USD could advance towards 1.13 on the next ECB moves
EUR/USD ended Draghi’s press conference on a mixed tone, but the rising inflation levels imply some easing on the easing. What’s the trade? Here are two opinions: Here is their view, courtesy of eFXnews: EUR: ECB To Remove ‘Or Lower’ In June Statement; EUR/USD Enroute To 1.13 – NAB NAB FX Strategy Research expects the ECB … “EUR/USD could advance towards 1.13 on the next ECB moves”
CAD: ‘April Showers’ Hit CAD; Is It A Buy? – CIBC
The Canadian dollar suffered from subdued oil prices, Trump’s tariffs and also worries about Canadian housing. What’s next? Here is their view, courtesy of eFXnews: CIBC FX Strategy Research notes that CAD was given a kick lower this week after the US imposed duties on Canadian lumber, sparking fears that the trade relationship between Trump and Trudeau … “CAD: ‘April Showers’ Hit CAD; Is It A Buy? – CIBC”
EUR: ECB Nudging Towards A Policy Shift In September –
Mario Draghi did some spectacular jiujitsu by starting the presser with an upbeat assessment but then cooling things down. Yet beyond the moves on EUR/USD, what can we expect from the ECB? Here is their view, courtesy of eFXnews: SEB Research comments on today’s ECB meeting noticing that the central bank maintained its steady hand and left all … “EUR: ECB Nudging Towards A Policy Shift In September –”
EUR/USD: Trading the US Advance GDP
US Advance GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, and publication of Advance GDP could have a significant impact on the movement of EUR/USD. A reading which is better than the market forecast is bullish for the dollar. Here … “EUR/USD: Trading the US Advance GDP”
ECB Preview: seeing the glass half full? 3 scenarios
The European Central Bank is not expected to change its policy at the April 2017 meeting. Nevertheless, the ECB always moves markets and this event will not be different. The key is the tone in Mario Draghi’s press conference. And the main yet unspoken driver of optimism is the result in the first round of the … “ECB Preview: seeing the glass half full? 3 scenarios”
GBP: When Will The GBP Peak? Where To Target? – NAB
The pound is on the move higher after the elections announcement. After the initial move, it consolidated its gains. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research notes that GBP has surged since the announcement of early UK elections. In that regard, NAB argues that while there are several reasons for … “GBP: When Will The GBP Peak? Where To Target? – NAB”
AUD/USD at the lowest since January – levels to watch
Political pundits are commemorating Trump’s first 100 days in office. It has also been 100 days since AUD/USD traded at the current level of 0.7465. This popular currency pair is below the 0.7470 level that was seen earlier in April. It last dipped to these levels on January 17th, just before Trump’s inauguration. Why is … “AUD/USD at the lowest since January – levels to watch”