Here are the views of a number of currency analysts in the wake of Monday’s deep slide in the pound sterling exchange rate complex. The British pound has fallen in dramatic fashion at the start of the new week as the uncertainty posed by the EU referendum is digested by currency traders...
A result of the short position in #EURUSD was fixed at 1.1134. However, today we re-entered to the market to sale again. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
An order to sale #USDJPY has activated, but as a result the position was closed with almost zero #profit. At the moment, we have no open positions, but we are ready to enter at any time. Find out more by checking out the Source Link...
GBP’s rebound at the end of last week has proven short-lived, with GBPUSD breaking below 1.4200 this morning currently hovering around 1.4050, notes BNP Paribas...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, AUD/USD, NZD/USD, and USD/CAD. EUR/USD: continues to trade in its recent range, with good support coming in around 1.1000 and offers expected closer to 1.1300...
Jane Foley, FX Strategist at Rabobank, lists down the IMM net speculators’ positioning as at 16 February 2016. Key Quotes • “Despite the step up in dovish rhetoric from ECB President Draghi this year, ECB shorts have fallen for six consecutive weeks now in reflection of a lack of risk appetite...
The American dollar continued to find buyers in early US session, taking the USD/JPY pair higher to near hourly 200-MA located at 113.43 levels. Eyes US data The investors await the Chicago Fed National Activity Index, which will be followed by US Preliminary PMI manufacturing data release...
As central banks around the world embrace negative rates, fear among public is moving up regarding the issue. Last week, newspapers from Japan reported that people are looking to store or park money elsewhere...
European desks are up and running and the pound's under attack. Further to my earlier post confirming my bearish view we've seen another wave of selling as traders get to grips with the possibility/reality of the referendum vote being a lot closer than might have been perceived in some quarters...
Forex Weekly Trading Forecasts: Fed Forecasts, Brexit and China Just a Few Key Themes This Week Key financial market themes are finding traction between key data (ie US inflation), events (G-20) and headlines (EU Brexit headway). Will volatility evolve into trend...
Dear Traders, The performance of the U.S. dollar failed to impress despite a stronger consumer price report Friday. While we were looking for increased bearish momentum in the EUR/USD after a break below 1.1070, the short dip turned out to be a false break-out of the euro's narrow trading range...
The new started with #GPBUSD gap down. Then the downward movement continued, and as the result quotations reached the channel line of the current short-term downward trend. It is likely that the bears will take a break here. Find out more by checking out the Source Link...
Bulls in #Gold can not overcome the long-term downward trend line, which is partly due to the slight recovery of risk appetite in the global stock markets. It is recommended to be out of the market. Find out more by checking out the Source Link...
22 February 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 08:00 French Flash Manufacturing PMI EUR Med. 50.0 49.9 Neutral 08:00 French Flash Services PMI EUR Med. 50.3 50...
The EU ‘Brexit’ referendum is going to dominate media debate over the next 124 days. Opinion polls show a small lead for the ‘out’ camp, but a large body of ‘undecideds’ will decide the eventual outcome. Bookmakers still favour the UK remaining in the EU...
Why has ECB implementation of QE lagged behind the BoJ? Our view is that the ECB suffers from “financial dominance,” whereby vested interests in the core of the Euro zone, Germany in particular, are preventing aggressive QE implementation that challenges the business model of the financial sector...
...Central banks still can move the markets, but do they have enough ammunition to deal with the next financial crisis or economic downturn? At the outset, we think the BoJ and ECB will have a very hard time, repeating the big currency moves of the last few years...
