Pound/dollar made a huge leap forward on April 18th, riding on the announcement for an early snap election. Here are five reasons why the elections are pound positive. GBP/USD is already trading above the initial post-Brexit low of 1.2790 seen in late June 2016, just after the EU Referendum. In general, we are back to the … “GBP/USD levels to watch after the big jump”
Category: Opinions
NZD/USD: Trading the New Zealand CPI
The New Zealand CPI (Consumer Price Index), which is released every quarter, measures the change in the price of goods and services charged to consumers. A reading which is higher than forecast is bullish for the New Zealand dollar. Here are all the details, and 5 possible outcomes for NZD/USD. Published on Wednesday at 22:45 GMT. Indicator Background … “NZD/USD: Trading the New Zealand CPI”
5 reasons why the UK elections should be pound positive
UK Prime Minister Theresa May surprised the world and announced a snap election on June 8th. With Labour’s consent, the elections will indeed be held on June 8th. May made a calculated gamble to head to the polls. She is aware of her high popularity and is likely to win. GBP/USD is already on the rise, topping 1.2665. Here … “5 reasons why the UK elections should be pound positive”
‘The Great Le Pen Scare’: How Could EUR, GBP React
The French elections are getting closer and every opinion poll moves the euro, with markets scared of Marine Le Pen. What does this mean for the euro and the pound? Here is their view, courtesy of eFXnews: Although data from the euro area this week painted an upbeat picture, with strong manufacturing PMIs and German ifo … “‘The Great Le Pen Scare’: How Could EUR, GBP React”
AUD/USD: Trading the Chinese GDP
Chinese Gross Domestic Product (GDP) is a measurement of the production and growth of the economy, and analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published … “AUD/USD: Trading the Chinese GDP”
GBP/USD: Trading the UK Average Earnings Index
UK Average Earnings Index, released each month, is a leading indicator of consumer inflation. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 8:30 GMT. Indicator Background The Average Earnings Index measures wage growth and is closely watched by … “GBP/USD: Trading the UK Average Earnings Index”
EUR/USD at strong support – what’s next?
EUR/USD made a last-minute drop to end the first week of Q2 at critical support. What’s next? Here is their view, courtesy of eFXnews: EUR/USD: Make Or Break At 1.0590 – JP Morgan JP Morgan FX Technical Strategy Research notes that EUR/USD key-reversal down the market has extended its losses slightly but lost down-momentum as … “EUR/USD at strong support – what’s next?”
NFP Analysis: The Good, the Bad and the Ugly
The initial reaction to a gain of less than 100K was clearly a disappointment. However, some of the details in the report are encouraging. This allowed the US dollar to bounce back. Here is a quick analysis of the key points related to the Non-Farm Payrolls report. There are many silver linings that eventually help the greenback … “NFP Analysis: The Good, the Bad and the Ugly”
USD looking for a new direction, EUR/USD stuck at triple
The US dollar is awaiting the NFP. But will it indeed move afterward? In general, what’s next for the greenback? Here is their view, courtesy of eFXnews: USD: Attractive To Use Periods Of Elevated Doubt To Add Long Exposure – BNPP BNP Paribas FX Strategy Research continues to favor adding to USD longs on weakness. BNPP notes … “USD looking for a new direction, EUR/USD stuck at triple”
The Aussie may be vulnerable, but perhaps more so on
The Australian dollar dropped on poor retail sales and later on failed to find consolation on the unexciting RBA decision. What’s next for the Aussie? Here is their view, courtesy of eFXnews: AUD: Overvaluation In ‘Jeopardy’; Staying Short On Crosses – Credit Agricole Credit Agricole CIB Research argues that while global reflation would normally be positive … “The Aussie may be vulnerable, but perhaps more so on”