AUD/USD Seen Slipping Towards 0.7475/80 – UOB Analysts at UOB Group noted the Aussie dollar could grind lower to the 0.7475/80 band in the near term. Key Quotes “The price action is line with our view wherein we expect the current pull-back in AUD to extend lower to 0.7475/80”...
As for the euro, EUR/USD is stuck in a broad range that doesn’t look to me anywhere near ready to break. In the spirit of looking at real yields, I’ve plotted EUR/USD against the Bund/Treasury real yield differential, currently 104bp...
USD/JPY: Hard to See a Compelling Argument for a Bounce - Westpac Robert Rennie, Research Analyst at Westpac, suggests that the price action has continued through the last few days, and while USD/JPY holds trend support at 109...
Sell EUR/GBP on Current Strength – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, recommended selling the European cross on ongoing strength...
USD/JPY- Offered Near 23.6% Fibo Level The corrective move in the USD/JPY pair ran into offers near 109.11 (23.6% of 113.80-107.66) levels following which the pair fell back to 108.65 levels...
Risks are in Favour of a Topside Break in EUR/USD - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the risks are in favour of a topside break in EUR/USD as markets embrace a more risk averse posture not to mention the weaker underlying USD signal delivered by Chair Yellen...
USD/CHF Climbs to Highs Around 0.9580 The risk-on sentiment keeps CHF-bulls at bay today, pushing USD/CHF to visit session tops in the 0.9580 area. USD/CHF supported near 0.9500 The pair is extending its advance to the vicinity of the key barrier at the 0...
GBP/USD Defends Mild Gains as Poor UK Data Weighs The GBP/USD pair continues to consolidate gains below 1.41 handle over the last hours, as markets digest the latest industrial figures from the UK economy. GBP/USD reverses a spike to 1.4140 The GBP/USD pair trades modestly flat at 1...
EUR/USD is Back Below Hourly 100-MA Minor bullish move in EUR/USD fell apart around 1.1390-1.14 levels and the pair is back below hourly 100-MA level of 1.1382 levels. Range intact The currency pair remains restricted in a week long range of 1.1438-1.1335...
Eurozone: What More Can be Done? - BNPP Research Team at BNP Paribas, suggests that despite concerns at the beginning of the year, the effect of financial stress on Eurozone growth should remain contained...
Fed: Speakers Cause More Noise than Data - Investec Research Team at Investec, suggests that last night we saw Federal Reserve Chair Yellen take part in a discussion with former Fed Chairs Bernanke, Greenspan and Volcker...
We have long argued that, with a number of major central banks reaching a lower bound for nominal policy rates, real rates should become key for G10 FX. This is because at the lower bound, non-conventional policies increasingly work through inflation expectations...
ECB Minutes Showed Some Disagreement - Investec Research Team at Investec, suggests that in Europe, some attention was also paid to the release of the ECB minutes from their meeting four weeks ago...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. EUR touched 1.1453 yesterday but dropped quickly from the high. We continue to hold a neutral view but the shorter-term undertone is not as positive anymore and a clear break below 1...
Commodity Dollars at Risk on Dour Mood Before 1Q Earnings Season Talking Points: Commodity bloc FX recovers, Yen falls as risk appetite firms in Asian trade Quiet economic data docket puts sentiment trends in focus into the week-end Worries about soft 1Q earnings season may unleash renewed risk a...
Pre US Open, Daily Technical Analysis Friday, April 08, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: key resistance at 1.1405. Pivot: 1.1405 Most Likely Scenario: short positions below 1...
USD/JPY Downside is Slowing Down – UOB The research team at UOB Group believes the pair’s downside could run out of steam in the next 1-3 weeks. Key Quotes “When we turned bearish two days ago (see FX Insights on 06 April when spot was at 110...
