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thenews
Added topic Stay Bearish GBP/USD, Position For Medium-Term Upside In USD/JPY
We continue to expect GBPUSD to remain under pressure following the Bank of England’s comprehensive package of easing measures announced last Thursday and we think data in the week ahead will likely signal that the UK economy was slowing even
thenews
Added topic 'Tough Times' Ahead For GBP; How Low Can It Go?
That was the month that was. Political and economic events have continued to move apace in the UK, following the EU Referendum. A new Prime Minister and her cabinet are now in place, whilst political turmoil continues to engulf the opposition Labour
thenews
Added topic The Fed Likely To Stay Behind The Curve; Staying USD Bearish - Morgan Stanley
As long as US inflation expectations remain low, the Fed is unlikely to raise rates early. In this respect, the 5Y/5Y inflation swap rising by 4bp on Friday was muted compared to the 10bp rise in the nominal US 5-year yield, driving real US yields
thenews
Added topic No Tech Reason To Buy USD Yet; Buy Gold On Pullbacks
I chimoku cloud holds DXY down for three weeks. The weekly Ichimoku cloud held as resistance for the last three weeks. Price is back to the middle of a long term range and directional momentum is absent. The breadth of USD is still weak and broader
thenews
Added topic Morgan Stanley has no love for the pound
From analysts at Morgan Stanley: Central bank dovishness will likely keep the carry trade well-supported. Following comments by the Fed's Powell warning that the US was at risk of being trapped in low growth, it was the BoE's McCafferty warning that
thenews
Added topic Staying Bearish GBP/USD Trageting 1.24 Near-Term
BoE MPC member, Ian McCafferty, wrote in an Op-Ed for the Times that if the UK economy performs in line with the initial survey signals, more easing would likely be required. McCafferty is viewed as the most hawkish member on the MPC, who voted for a
thenews
Added topic Any Gold Dips Ahead Of Jackson Hole A Buying Opportunity
Strong US data has weighed on gold, putting pressure on recent longs. CFTC data as of August 2 showed that net longs increased by 2moz bringing net length to 35.64moz or 96% of the record. Interestingly, part of the gains was offset by shorts adding
thenews
Added topic Trading The RBNZ: Views From 11 Major Banks
Credit Suisse: NZD Higher Unless RBNZ Over-Delivers. The RBNZ OCR decision on Thursday presents a well-telegraphed but nonetheless difficult decision for Governor Wheeler and the Board. Having delivered escalated language around disinflation and the
thenews
Added topic Drivers For JPY Strength Still In Place; En-Route To 87 By Year-End
With disappointment from the BoJ easing on 29 July and no surprises on the fiscal policy front, USDJPY is trading heavily around 101 after erasing most of the gains made from excessive policy expectations built after the Upper-House election in
thenews
Added topic GBP: 10 Reason Why Negative Rates Could Happen In The UK
1. The UK economy has simply become much less predictable now to rule any option out: Most economists see a quick, shallow recession – yet Carney himself admitted last week that there is no perfect way to ‘model’ the UK economy post-Brexit
thenews
Added topic France bans forex advertisement
Brokers who provide leverage greater than 20:1 targeted. The French regulators announced that the country will introduce a ban on online advertisement of forex and binary options. The ban will extend to other products that have leverage of
thenews
Added topic Once The Fiscal Euphoria Fades, Buy The JPY Again - Deutsche Bank
Following Friday’s BoJ disappointment, yen bears are hoping for compensation from Abe’s cabinet tomorrow . Abe has already pre-signalled a stimulus package worth ¥28trn, around half of which in fresh fiscal outlays, and the government now has an
thenews
Added topic EUR/USD: Stability To Persist Short-Term But Gains Unlikely Sustainable
USD: The US dollar weakened by 0.6% on a DXY index basis in July with all of that depreciation and some more coming on the final trading day of the month in response to weaker than expected real GDP data for Q2. Real GDP growth has now been
thenews
Added topic Credit Suisse, Deutsche index exclusion another blow to European banks
A man enters the Credit Suisse offices in the Manhattan borough of New York City, U.S. July 5, 2016. REUTERS/Brendan McDermid LONDON (Reuters) - Two of Europe's biggest banks - Credit Suisse <CSGN.S> and Deutsche Bank <DBKGn.DE> - will be
thenews
Added topic GBP: Staying Long; GBP/USD To Bottom Out At 1.29 & EUR/GBP To Top Out At 0.85
The GBP has been broadly range bound over the last few weeks. This is mainly due to limited room of further rising rate cut expectations. In line with market expectations we believe that the BoE will lower interest rates by 25bp this week and
thenews
Added topic Bank of England Must be Agressive in Order to Avoid a Strong GBP Recovery
With strong arguments against fresh Bank of England policy measures being introduced on the 4th of August, we see the balance of risks lying with a stronger British Pound against the Euro and US Dollar by the time the day is done. Markets are pricing
thenews
Added topic Here is the best day trader ever! Zero to 3.5m in 3 years!
Something Strange Emerges When Looking At A Congresswoman's Daytrading Records While we have often heard that members of Congress, who are not only exempt from insider trading oversight, are also ardent daytraders we had never seen it in action
thenews
Added topic Staying EUR Long; Staying USD Offered
EUR support in the wings, staying long: There will be conclusions to be drawn for other currencies deploying NIR policy such as CHF, SEK or EUR. The short end of these currencies has priced in local central banks either keeping current monetary
thenews
Added topic Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange. Bitfinex is
thenews
Added topic Reuters poll: EURUSD to weaken to 1.08 in 3 months and 6 months
All the way to 1.07 in a year There is a Reuters poll which just came out which says the expectations are for the EURUSD to weaken to 1.083 and six months and to 1.07 in a year. This was unchanged versus July. The same poll has the USDJPY
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