Chicken Little would have been in his element today. The sky may not be falling, but plenty else is, be it latest Eurozone inflation prints and bond yields, incoming US economic data or China’s Reserve Requirement Ratio...
BNP Paribas' quant model 'STEER' maintains a short AUD/USD and a long USD/CAD signals. "USD looks cheap versus the commodity bloc currencies STEER remains short AUDUSD, targeting a move to its short-term fair value of 0.6990, reflecting the recent underperformance of Australian equities...
Traders, already leaning bearishly towards the euro given recent European Central Bank commentary, became even more bearish Monday as deemed dovish flash EMU inflation data dragged eurozone yields lower...
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Our bearish view was encouraged by Friday’s sell-off. We are looking for a move towards initial targets near 1...
Strong fundamentals still make the dollar one of the best bets for 2016, despite recent back-peddling by the Fed; as for the pound – Deutsche see mega-downside potential...
Currency investors should consider selling NZD/USD this week, advises Morgan Stanley in its weekly FX pick to clients. MS' rationale is as follows: "In the stronger USD environment, the NZD would end up weakening the most...
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USD/JPY has achieved our advocated target for rebound at 114 which corresponds with the down sloping channel limit and the 76.4% retracement from mid- February highs. USD/JPY confirmed a multi month H&S and is undergoing a retracement. Potential for the pattern is located at 106, also the 38...
The USD/CAD pair has breached key support from a long-term, major trend-line at roughly the 1.3600 level, increasing the probability of a continuation of the infant down-trend. The Canadian Dollar continues to strengthen against most majors, and breached a major trend-line versus the U...
We take a balance of payments approach to measure the ‘what if’ impact of a UK exit from the EU on sterling. The UK’s current account deficit may improve in the wake of “Brexit.” The deficit is entirely down to the EU, with large negative balances in trade in goods and primary income...
Global payments provider Associated Foreign Exchange (AFEX) expect the pressure on the pound to ease, although they are by no means bullish the currency yet...
Currency investors should consider selling GBP/JPY this week, advises Credit Suisse in its weekly FX pick to clients...
EURUSD ended Friday with a significant break, closing below channel support near 1.0950. This came after the pair failed to recover back above the 1.1060 handle after sliding below it last Monday...
With little, if anything, concrete coming out of an ineffective G20 summit over the weekend, financial markets have started to fall back again this morning...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. EUR/USD: After Friday's selloff, we prefer finding levels to get short. Look to sell into a squeeze above 1.0950, with a stop above 1.1035. USD/JPY: We think 113...
An order to sale #USDJPY was closed as the price has rebounded to the area of the red Alligator's line. Later the upward movement continued, and it has involved us to a long position. Find out more by checking out the Source Link...
An order in #Gold from 1222.45 was closed almost at the opening level with a signal of a fractal crossing below the red Alligator's line. Here we opened a short position according to the System. Find out more by checking out the Source Link...
This week the G10 FX Financial Scorecard recommends buying NOK, JPY and SEK while selling NZD, CHF and GBP Last week’s signals resulted in a 0.4% loss. In particular, the long GBP position was expensive, while the short NOK performed well...
EUR moved in sympathy with the beleaguered GBP as market fears grew that a Brexit-could strengthen the centrifugal forces in the EU before long...
Jane Foley, Research Analyst at Rabobank, suggests that all twenty forecasters in the Bloomberg economists’ survey expect the RBA to announce steady rates at tomorrow’s policy meeting...
