Trump’s presidency is off to a rocky start, at least with the US dollar. The greenback is selling off across the board. What’s next? Here is their view, courtesy of eFXnews: The first hundred days of the Trump Presidency has started. He is likely to adopt pro-growth and dollar-supportive policies, while he may repeat his resistance … “USD: The Consensus Trade Is Questioned Amid ‘Jerky’ FX”
Category: Opinions
EUR/USD: Beware Of The Impact Of US Treasury Q1 Cash
It is not always about fundamentals and technicals, but rather flows. Treasuries could have a significant impact on EUR/USD: Here is their view, courtesy of eFXnews: The Treasury expects to draw down USD290bn from its deposits in Q1, which will add a corresponding amount of USD to the market. This amounts to a 9% increase … “EUR/USD: Beware Of The Impact Of US Treasury Q1 Cash”
Brexit & Sterling: ‘Hope For The Best, Position For
The pound has been volatile thanks to May’s Brexit speech. What’s next for sterling? Here is the view from Goldman Sachs: Here is their view, courtesy of eFXnews: Prime Minister May’s speech painted a rosy future for the UK outside the European Union and at the center of the global economy, but the near-term implications of … “Brexit & Sterling: ‘Hope For The Best, Position For”
EUR: ECB To Strike A Dovish Balance On Thurs; Market
The European Central Bank is not set to make any changes to policy, but Draghi’s tone certainly matters. Here is their view, courtesy of eFXnews: Having already mapped its monetary policy course for full 2017 at its last meeting in 2016 (8 Dec), the ECB is most unlikely to deliver any further policy adjustments at the upcoming, first … “EUR: ECB To Strike A Dovish Balance On Thurs; Market”
AUD/USD: Trading the Australian Employment Change
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 00:30 GMT. Indicator Background Job creation is one … “AUD/USD: Trading the Australian Employment Change”
GBP: 12 Key Points Of Brexit Plan; Implications For GBP
Theresa May singled out the UK from the single market, but after GBP/USD fell to the abyss, her upbeat speech lifted sterling (here are three reasons why). What’s next? The team at BTMU runs through 12 keypoints for the pound: Here is their view, courtesy of eFXnews: Key Points Of Brexit Plan. 1) PM May views … “GBP: 12 Key Points Of Brexit Plan; Implications For GBP”
GBP/USD: Trading the UK Claimant Count Change
The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. Along with the unemployment rate, which is released at the same time, it provides a snapshot of the UK employment situation and could affect the direction of GDP/USD. Here are the details and 5 possible outcomes for GBP/USD. Published on Wednesday … “GBP/USD: Trading the UK Claimant Count Change”
Rising Global Inflation Brings Central Banks into Focus
PMI Data Points Higher Data releases over the start of the year reflect a turn higher in global inflation and global growth. Indeed, the global composite PMI marked a post- 9/11 high in December. Typically, higher oil and other commodity prices alongside weaker currencies in some areas foster these conditions. There is now a growing … “Rising Global Inflation Brings Central Banks into Focus”
The 5 Stages Of The Trump Trade – Deutsche Bank
Donald downed the dollar in his first post-elections press conference. But what will markets do when Trump is inaugurated? Here are five steps from Deutsche Bank: Here is their view, courtesy of eFXnews: There are probably five defining stages for the “Trump trade”: Trading i) ‘the promise’; ii) the deal-making; iii) the enactment; iv) the economic impact, and, … “The 5 Stages Of The Trump Trade – Deutsche Bank”
EUR: ECB To Stay Dovish Next Week Despite Better Data
In its last meeting of 2016, the ECB continued expressing worries, extending the QE program while reducing the quantities from April 2017 and allowing for a wider range of bond buys. The euro reacted negatively. What will Draghi and co. announce in the first meeting of 2017? Here is their view, courtesy of eFXnews: We … “EUR: ECB To Stay Dovish Next Week Despite Better Data”