EUR/USD has been wobbling between mixed data and Trump’s messy start. What’s next? Here is their view, courtesy of eFXnews: US policy uncertainty and Fed-ECB monetary policy divergence are likely to continue alternating as drivers of the EURUSD in the short term. This week, the FOMC meeting could remind markets that risks are titled in … “EUR/USD: Poor Performance Of Shorts To Stay For Some”
Category: Opinions
USD: Once This ‘Market Vacuum’ Is Over, USD will Head
The US dollar began the week on the back foot on Trump’s Muslim ban. However, this greenback weakness may not last too long. Here is their view, courtesy of eFXnews: Year-to-date, the Dow Jones is up 1.71%, US 10Y yields are up 8bp and EUR/USD is 1 1/2 figure higher. Uncertainty is extraordinarily high given … “USD: Once This ‘Market Vacuum’ Is Over, USD will Head”
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 Tuesday at 13:30 … “USD/CAD: Trading the Canadian GDP”
EUR/USD: To Rally Towards 1.10 Short-Term; Sell Into This
EUR/USD enjoyed a relatively stable week. The team at SEB sees a selling opportunity on a rally: Here is their view, courtesy of eFXnews: EURO NOT READY FOR A SUSTAINABLE RALLY. The outlook for the euro remains negative, consensus projects EUR/USD to trade lower near parity during H1 2017. We agree, but the market is also clearly positioned … “EUR/USD: To Rally Towards 1.10 Short-Term; Sell Into This”
EUR/USD: Targeting 50% Fibo; GBP/USD: Targeting 38.2% Fibo –
Trump is moving markets but he’s not alone. What do the technical lines say about EUR/USD and GBP/USD? Here is the view from Credit Suisse: Here is their view, courtesy of eFXnews: EURUSD’s recovery remains in place to test 1.0821/28. EURUSD has edged to a marginal new high this week to keep the immediate risks … “EUR/USD: Targeting 50% Fibo; GBP/USD: Targeting 38.2% Fibo –”
GBP: ‘Cheap’ Sterling Bounces On Position-Squaring: What’s Next? –
The pound dropped on the Supreme Court decision but bounced back. It might be too expensive now. Here is their view, courtesy of eFXnews: After a volatile ride on Tuesday, sterling posted a remarkable recovery on Wednesday. GBP/USD rallied through 1.26 while EUR/GBP dropped below 0.8550. With Prime Minister Theresa’s May speech (last week) and the … “GBP: ‘Cheap’ Sterling Bounces On Position-Squaring: What’s Next? –”
EUR/USD: Trading the US Advanced 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 Advanced GDP”
GBP/USD: Trading the UK Preliminary GDP
UK Preliminary GDP, published each quarter, is the first of three GDP releases. GDP measures production and growth of the economy, and is considered by analysts one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, and 5 … “GBP/USD: Trading the UK Preliminary GDP”
As EUR/USD Looks Expensive Again, What Is The Trade? –
EUR/USD went up on the Trump Dump and now looks expensive according to the team at Credit Agricole. What’s next? Here is their view, courtesy of eFXnews: The latest rebound in EUR/USD is driven by a positioning squeeze of USD longs on the back of policy uncertainty returning in the wake of Trump’s inauguration. At … “As EUR/USD Looks Expensive Again, What Is The Trade? –”
After May’s speech, UK Supreme Court to give its
The British Prime Minister Theresa May last week said in a scheduled press conference that the UK was charting a course towards a clean break with the European Union. Her comments put to rest whatever speculation that remained about a volte-face. PM May’s scheduled speech was well telegraphed and was widely anticipated and comes at … “After May’s speech, UK Supreme Court to give its”