US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 12:30 GMT. Indicator Background Job … “EUR/USD: Trading the US Nonfarm Employment Change”
Category: Opinions
FOMC minutes provide room for hikes, balance sheet reduction
The FOMC meeting minutes from the March 15th event provided some hawkish tones. However, the dollar did not really react strongly enough to the news. Here are two additional opinions on the implications of the document. Here is their view, courtesy of eFXnews: FOMC Minutes: A Good NFP On Friday Means Another Fed Hike In … “FOMC minutes provide room for hikes, balance sheet reduction”
GBP/USD: to 1.20, 1.30 or still stuck? Two opinions
GBP/USD shrugged off the triggering of Article 50 and despite sliding, has not collapsed nor seen the “short squeeze” envisaged by many. What’s next? Here is their view, courtesy of eFXnews: GBP: Still The Most Undervalued G10 Currency: A Buy Or Not? – Credit Agricole Credit Agricole CIB Research argues that GBP outlook will likely … “GBP/USD: to 1.20, 1.30 or still stuck? Two opinions”
EUR/USD: scenarios, wildcards and the next steps
EUR/USD remains entrenched in a narrow range and fails to move after the downfall. Here are three opinions about the next moves in euro/dollar: Here is their view, courtesy of eFXnews: EUR/USD: What Now?: Assessing 3 Scenarios & 3 Wild Cards – Danske Danske Bank FX Strategy Research reassess its outlook for EUR/USD in light … “EUR/USD: scenarios, wildcards and the next steps”
GBP/USD: Trading the UK Services PMI
UK Services PMI is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. 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 … “GBP/USD: Trading the UK Services PMI”
EUR/GBP – The Brexit pair has room to the downside
After Article 50 has officially been triggered, there is a lot of attention to euro/pound, aka “the Brexit currency pair”. Here are two opinions seeing some downside: Here is their view, courtesy of eFXnews: EUR/GBP: Overvalued; Shorts Attractive Ahead Of French Election – TD TD Research still like EUR/GBP lower on the grounds that the prospects of selling EUR/GBP … “EUR/GBP – The Brexit pair has room to the downside”
AUD/USD: Trading the Australian Trading Balance
Australian Trade Balance is closely linked to currency demand and is a key indicator. A reading which is higher than expected is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Tuesday at 1:30 GMT. Indicator Background Australian Trade Balance measures the difference in the value of imported and … “AUD/USD: Trading the Australian Trading Balance”
EUR/USD – recovery or further downfall? Three opinions
EUR/USD made a move to the topside only to fall and get entrenched in a lower range. What’s next? Here are three opinions: Here is their view, courtesy of eFXnews: EUR: 3 Reasons For Further Upside Coming Months; Where To Target? – Credit Suisse Credit Suisse FX Strategy Research makes the case for further EUR … “EUR/USD – recovery or further downfall? Three opinions”
EUR/USD: What’s next after the ECB talk?
The European Central Bank clarified its hawkish tilt and basically told us there was no hawkish tilt whatsoever. This weighs on the euro. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: EUR: What’s The Risk Of A N-Term Positioning Squeeze? – SocGen Societe Generale FX Strategy Research notes the risk of EUR positioning … “EUR/USD: What’s next after the ECB talk?”
USD/CAD – Trading the Canadian GDP
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Thursday at 12:30 … “USD/CAD – Trading the Canadian GDP”