The Australian dollar had a relatively stable year in 2016, but this may not last too long. Here is the view from Morgan Stanley: Here is their view, courtesy of eFXnews: Last year, the AUD often appeared on top of many selling recommendation lists. Not so this year, where we feel markets may not recognise … “Selling the Aussie: We stay short on crosses – Morgan”
Category: Opinions
USD/JPY: Trading the ISM Manufacturing PMI
The ISM Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the US. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 … “USD/JPY: Trading the ISM Manufacturing PMI”
USD/CAD – Trading the US Crude Oil Inventories
US Crude Oil Inventories measures the change in the number of barrels held in inventory. The report is published each week. A reading which is higher than the market forecast is bullish for USD/CAD. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Thursday at 16:00 GMT. Indicator Background As Canada is … “USD/CAD – Trading the US Crude Oil Inventories”
EUR/USD: Trading the US CB Consumer Confidence
US CB Consumer Confidence is based on a monthly survey of about 5,000 U.S. households regarding their opinion of the economy. Traders should pay close attention to its release, which always has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar. Here are all the details, and … “EUR/USD: Trading the US CB Consumer Confidence”
JPY: The Underperformer In 2017; GBP: The Outperformer In
What lies on the road ahead for 2017? The team at BNP Paribas focuses on two currencies: Here is their view, courtesy of eFXnews: JPY, the underperformer. We view the yen as likely to be the weakest major currency in the G10 in 2017, with USDJPY reaching 128. Moreover, in contrast to our forecasts for … “JPY: The Underperformer In 2017; GBP: The Outperformer In”
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 Friday at 13:30 … “USD/CAD: Trading the Canadian GDP”
What can we expect in 2017? Interview with FXStreet
I had the pleasure of giving an interview to FXStreet regarding what awaits us in 2017. We discussed currencies to look out for, political events, central banks, and also touched on some more personal ground. The New Year’s Resolutions we always struggle to live up to. You can read the interview here or see it below. Enjoy: … “What can we expect in 2017? Interview with FXStreet”
GBP: Least Vulnerable Among Its Peers Vs USD; Moderate
The British pound did lose some ground against the US dollar, but did not suffer the fate of the euro or the yen. The team at Barclays sees moderate appreciation for sterling: Here is their view, courtesy of eFXnews: A period of relatively little economic data and elevated European political risks will likely offer a chance for … “GBP: Least Vulnerable Among Its Peers Vs USD; Moderate”
Brexit could bite early in 2017
So far, the UK economy has skipped the worst forecasts of experts and the Remain campaigners. The underlying strength of the economy before the referendum carried it forward during six months. The fall in the total employment and the rise in jobless claims which began earlier, are warning signs of what lies ahead. Uncertainty is likely … “Brexit could bite early in 2017”
NZD/USD: Trading the New Zealand GDP
New Zealand Gross Domestic Product (GDP) is a key release, released each quarter, which measures 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 New Zealand dollar. Here are all the details, and 5 … “NZD/USD: Trading the New Zealand GDP”