The Bank of Canada ended 2016 in a quiet manner, very different from bigger central banks. What’s next for the Canadian dollar? Here is the view from Nomura: Here is their view, courtesy of eFXnews: As expected, the Bank of Canada (BoC) kept it policy rate unchanged at 0.5%, reiterating that “the current stance of … “CAD Post-BoC: 5 Reasons To Stay Bearish CAD Medium-Term”
Category: Opinions
Draghi’s 5 dovish moves – more falls for EUR/USD?
After over-promising and underdelivering, Draghi went back to his old self, and slammed the euro hard. At first, the initial headlines screamed “tapering”. Indeed, the ECB will reduce its bond buys from April 2017. However, the rest was very dovish. Here are the 5 dovish moves made by Mario Draghi, and why the euro could continue falling, … “Draghi’s 5 dovish moves – more falls for EUR/USD?”
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”
EUR Into ECB: Room For Disappointment Or/And Profit Taking
A Draghi drag or top-tapering? This is our preview and we continue bringing you other views. Here is the one from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Based on fundamentals, the ECB policy decision to continue its loose monetary policy stance should not be in doubt. As we noted, Euro … “EUR Into ECB: Room For Disappointment Or/And Profit Taking”
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ECB Preview: Draghi drag or top-tapering? EUR/USD awaits [Video]
It is money time for the European Central Bank: more QE or less QE? That is the question. A 6-month extension is on the cards and is already priced in, but the ECB could also opt for a longer extension that would hurt the euro or tapering bond-buys down, pushing the common currency higher. Apart … “ECB Preview: Draghi drag or top-tapering? EUR/USD awaits [Video]”
EUR: In A Very ‘Precarious’ Position Into ECB: Scenarios
ECB day is here. Our preview discusses a Draghi-drag vs. Top-tapering. The team at TD outlines the various scenarios: Here is their view, courtesy of eFXnews: The range of potential ECB outcomes is larger as the FX response will depend not only on the actual decisions taken, but also on how the market interprets the policy intent … “EUR: In A Very ‘Precarious’ Position Into ECB: Scenarios”
BOC and USD/CAD – 3 previews
The Bank of Canada decides for the last time in 2016. What will it be? Here are three previews: Here is their view, courtesy of eFXnews: CAD: BoC On Hold For Sometime But Risks Slightly To The Downside – Nomura The Bank of Canada (BoC) holds its next policy meeting on Wednesday. At the October … “BOC and USD/CAD – 3 previews”
EUR: This Week’s ECB Meeting Holds 2 Questions – Goldman
The European Central Bank convenes tomorrow. After this preview from Morgan Stanley, we have one here from Goldman Sachs: Here is their view, courtesy of eFXnews: For markets, this week’s ECB holds two questions. First, will there be a formal taper decision. Second, if there is no formal announcement to this effect (our base case is for a … “EUR: This Week’s ECB Meeting Holds 2 Questions – Goldman”
CAD: The BoC Does Not React To Hypotheticals – Barclays
The Bank of Canada convenes amid a stronger CAD following the OPEC Accord. What will they do? Here is their view, courtesy of eFXnews: The Bank of Canada will hold its last meeting of the year on Wednesday. We and consensus expect the BoC to keep the overnight rate unchanged at 0.5%. External uncertainty has … “CAD: The BoC Does Not React To Hypotheticals – Barclays”
Trading ECB: Potential Scenarios And EUR/USD Response – Morgan
After EUR/USD enjoyed a spectacular rebound after the Italian referendum, the next big event is the ECB. Here is the view from Morgan Stanley: Here is their view, courtesy of eFXnews: We believe the reaction of the EUR over the ECB meeting will ultimately depend on the probability of tapering in the next 12m. In particular, … “Trading ECB: Potential Scenarios And EUR/USD Response – Morgan”