The Australian dollar enjoyed a bounce from the lows, partially thanks to Trump’s downing of the dollar. What’s next? Here is their view, courtesy of eFXnews: Trend: Price broke down from its broad 2016 triangle in Q4 2016 and challenged the bottom of the nine-month range and our downside target at 0.7150/00 in December. Weekly … “AUD/USD: Bullish 3-Weeks Candle Pattern; Make Or Break At”
Category: Opinions
EUR/USD: Trading the UoM Consumer Sentiment
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and is bullish for the US dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Friday at 15:00 GMT. … “EUR/USD: Trading the UoM Consumer Sentiment”
GBP: A ‘Tricky’ Start For 2017: 2 Major Risk Events
GBP/USD reached new lows at the 1.20 handle, but bounced quickly, thanks to Trump. What’s next? Here is their view, courtesy of eFXnews: 2017 has already struck a shrill chime for the pound. The market interpreted PM May’s interview on Sunday as a re-alignment with her tough tone at October’s Conservative Party conference, and a move away … “GBP: A ‘Tricky’ Start For 2017: 2 Major Risk Events”
‘Bad’ Versus ‘Good’ USD Rally; What Does It Mean For
The US dollar started 2017 with a bang, but that faded away quite quickly. What kind of rally is good for the dollar? Here is the view from Morgan Stanley: Here is their view, courtesy of eFXnews: The USD advance witnessed early last year was EM focused and in this sense, it was a ‘bad’ … “‘Bad’ Versus ‘Good’ USD Rally; What Does It Mean For”
US Border Adjustments: Which Major Currencies Are Most Vulnerable
One of the proposals under consideration by the incoming Trump administration is a border tax. How will this impact the US dollar? And against which currencies? Here is their view, courtesy of eFXnews: A new HIA and other corporate tax reform has received quite a bit of attention but we think “border adjustments” could have vast … “US Border Adjustments: Which Major Currencies Are Most Vulnerable”
GBPUSD: Brexit Fears resume the downtrend
Fundamental factors: The pound fell to a two-month low after Theresa May added to fears that Britain is heading towards “Brexit”. In the previous week, UK PMIs Pointed to expansion and beat their estimates, but the pound was unable to gain strength against Dollar. Dollar strengthening against Pound could drift the pair lower towards 1.1900/1.1185 … “GBPUSD: Brexit Fears resume the downtrend”
USD: Anti-Consensus: Going Short This Week – Barclays
Trump’s upcoming inauguration convinces many, including in this neck of the woods, to see upside for the US dollar. Nevertheless, Barclays takes the opposite trade: Here is their view, courtesy of eFXnews: Most sentiment-sensitive currencies have appreciated versus the USD over the past three weeks as long-end US interest rates declined and most equity and commodity … “USD: Anti-Consensus: Going Short This Week – Barclays”
EUR/USD: An ‘Unfavorable Mix’ Set To Fuel Further Selling
EUR/USD is still looking for a direction for 2017, but the team at BTMU sees it quite clearly: Here is their view, courtesy of eFXnews: The euro spent much of 2016 at levels higher than the 2015 closing level (and our forecasts) but then fell sharply in the aftermath of the surprise election victory for … “EUR/USD: An ‘Unfavorable Mix’ Set To Fuel Further Selling”
AUD/USD: Trading the Australian Retail Sales
Australian Retail Sales is considered the primary gauge of consumer spending. The indicator provides analysts and traders with an early look at consumer spending. A reading that is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Tuesday at 00:30 GMT. Indicator Background Consumer spending is … “AUD/USD: Trading the Australian Retail Sales”
GBP/USD: Trump and Brexit are gifts that keep on giving
Cable had a devastating 2016 due to massive political shocks. These events, Brexit and Trump’s election, come to fruition in 2017. We analyze the forces moving both currencies: central banks, politics, and the economies. There is a definite conclusion about the next move of the pair, but remember that forex is never a one-way street. … “GBP/USD: Trump and Brexit are gifts that keep on giving”