China is never too far away from EUR/USD, and this was very relevant at the wake of 2017. What’s next after the dawning days? Here is the view from Danske: Here is their view, courtesy of eFXnews: One of the most noteworthy trends in the early days of 2017 has been the volatility in the … “EUR/USD: Turbulence In Chinese FX markets Behind Recent Move;”
Category: Opinions
Is Euro Periphery Tension Back As A Driver For EUR/USD?
EUR/USD had a turbulent start to the year, but the moves were all due to mood changes regarding the dollar. What about the periphery? Here is their view, courtesy of eFXnews: We first revised our forecasts to show EUR/$ downside in April 2014, on the rationale that economic outperformance would see the Fed raise rates ahead of … “Is Euro Periphery Tension Back As A Driver For EUR/USD?”
Dec NFP: Not A ‘Barnburner’, But It Will Do’; USD
Wages are up 2.9% y/y and this overshadows the small miss on job gains. Here is a quick take from CIBC: Here is their view, courtesy of eFXnews: It wasn’t a barnburner, but it will do. While non-farm payrolls increased by a below consensus 156k in December, net revisions and a solid rebound in wage growth … “Dec NFP: Not A ‘Barnburner’, But It Will Do’; USD”
EUR/USD: A Sell Into 1.0650; USD/JPY: A Buy Into 114.45
The US dollar crashed (here are three reasons). The team at Morgan Stanley sees buying opportunities on the main pairs: Here is their view, courtesy of eFXnews: US labor market focus: Yesterday’s release of US Fed minutes showed that about half of the participants incorporated an assumption of more expansionary fiscal policy in their forecasts. … “EUR/USD: A Sell Into 1.0650; USD/JPY: A Buy Into 114.45”
EUR/USD: Trading the US Nonfarm Employment Change
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 13:30 GMT. Indicator Background Job … “EUR/USD: Trading the US Nonfarm Employment Change”
AUD: Profit-Taking In Short AUD/USD Position; What’s Next? –
The Australian dollar ended 2016 on the back foot, but managed to recover thanks to good Chinese data. What’s next? Here is their view, courtesy of eFXnews: The consensus trade for 2017, long USD, remains on the ropes and is being driven mainly by positioning. Indeed, we think the FOMC Minutes contained few negatives for the … “AUD: Profit-Taking In Short AUD/USD Position; What’s Next? –”
Dec FOMC Minutes: ‘Uncertain’ Mentioned 15 Times In Dec
Some FED members took Trump’s potential fiscal stimulus into account, according to the latest minutes. But they are certainly uncertain. Here is their view, courtesy of eFXnews: The FOMC members think the economic outlook is very ‘uncertain’ until we get more information about ‘Trumponomics’. The word ‘uncertain’ is mentioned 15 times versus five times in … “Dec FOMC Minutes: ‘Uncertain’ Mentioned 15 Times In Dec”
Dec FOMC Minutes: A Fed In Waiting: 4 Observations –
The Fed meeting minutes showed optimism about the economy. In addition, some seemed to have assumed fiscal stimulus from Trump. Here are 4 take aways from Trump: Here is their view, courtesy of eFXnews: The minutes to the December FOMC meeting, in our view, provide little new information relative to what we learned from the FOMC statement, the … “Dec FOMC Minutes: A Fed In Waiting: 4 Observations –”
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 Thursday at 9:30 … “GBP/USD: Trading the UK Services PMI”
FOMC Minutes to explain hawkish shift – 4 opinions
In its December meeting, the FED not only raised rates, but also took a hawkish stance, upgrading the dot-plot for 2017, this year. We will now get the meeting minutes for this event. What can we expect? Here are views from Bank of America, Goldman Sachs, Here is their view, courtesy of eFXnews: Preview: 3 Things To … “FOMC Minutes to explain hawkish shift – 4 opinions”