eFXnews

  • Draghi To Be Dull; Sell EUR/USD On Any Bullish Reaction - BofA Merrill

    Date Published: Wed, 18 Jan 2017 19:51:42 +0000

    We expect Draghi this week to try to avoid any expectations on further policy changes. The dominant theme in Europe recently has been the acceleration in inflation and real economic activity 

    read more



  • AUD/NZD: 2 Reasons To Sell Any Rallies Above 1.05 - Deutsche Bank

    Date Published: Wed, 18 Jan 2017 18:31:10 +0000

    We remain bearish on AUD/NZD. First, New Zealand is enjoying a more fundamentally robust commodity rally, especially in dairy.

    read more



  • EUR: ECB To Strike A Dovish Balance On Thurs; Market Neutral - SEB

    Date Published: Wed, 18 Jan 2017 16:54:02 +0000

    Having already mapped its monetary policy course for full 2017 at its last meeting in 2016 (8 Dec), the ECB is most unlikely to deliver any further policy adjustments at the upcoming, first Governing Council meeting in the new year on 19 January.

    read more



  • EUR/USD: No ECB Surprises; Further Upside Into 1.09 A Selling Opportunity - Credit Agricole

    Date Published: Wed, 18 Jan 2017 15:59:26 +0000

    In line with consensus expectations we see limited scope for ECB surprises. If anything, central bank President Draghi should defend a more dovish stance in light of still muted core price 

    read more



  • Jan BoC: No Surprise; Nothing For Markets To Chew On - CIBC

    Date Published: Wed, 18 Jan 2017 15:24:23 +0000

    To no surprise, there were no surprises from the Bank of Canada today, as politics aside, the world was unfolding as they expected.

    read more



  • GBP: Hard Brexit Fears Peaked N-Term; Scope For Further GBP Gains Vs EUR - BTMU

    Date Published: Wed, 18 Jan 2017 14:56:05 +0000

    The pound got caught up in a big position squeeze yesterday which resulted in cable rising sharply by around 3%.

    read more



  • Short EUR/GBP Tactically Here & Re-Sell GBP/USD On Further Bounces - SocGen

    Date Published: Wed, 18 Jan 2017 14:37:19 +0000

    There is more caution on the dollar today ahead of Fed Chair Janet Yellen’s speech. This is one of two speeches by Yellen scheduled this week before Trump’s inauguration on Friday.

    read more



  • GBP: A Classic 'Buy The Rumor, Sell The Fact'; Bounces A M-Term Sell - TD

    Date Published: Wed, 18 Jan 2017 14:05:58 +0000

    Clarity from Theresa May over the UK’s Brexit stance helped sterling to consolidate. Indeed, the comments showed that the UK has no interest in partial membership. Instead, the comments underscore

    read more



  • Trading The BoC - Views From 10 Major Banks

    Date Published: Wed, 18 Jan 2017 06:03:56 +0000

    We expect CAD to outperform other commodity currencies. CAD is not as vulnerable as MXN to trade protectionism given a prior free trade agreement which would take effect if the US backs out of NAFTA

    read more



  • Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB

    Date Published: Wed, 18 Jan 2017 05:23:55 +0000

    As noted in recent updates, we expect EUR to remain supported in the short-term as long as 1.0500 is intact. Upward momentum has improved further with the move above last week’s peak of 1.0684 and from

    read more



  • Preview: Fed Speaks: Fed Kashkari, Fed Yellen

    Date Published: Wed, 18 Jan 2017 05:10:40 +0000

    Minneapolis Fed President Kashkari (FOMC non-voter) speaks: Minneapolis Federal Reserve President Kashkari speaks on the economy.

    read more



  • Preview: US: CPI, IP - Barclays, BofA Merrill, SEB

    Date Published: Wed, 18 Jan 2017 04:46:47 +0000

    Preview: US: CPI, IP - Barclays, BofA Merrill, SEB

    read more



  • CAD: BoC On Hold; Staying Long USD/CAD Via Options - BNPP

    Date Published: Wed, 18 Jan 2017 02:34:51 +0000

    The market is currently pricing in unchanged policy by the Bank of Canada (BoC) at its meeting on Wednesday.

    read more



  • GBP: Two-Way Risks Have Returned To Sterling - ANZ

    Date Published: Wed, 18 Jan 2017 00:23:20 +0000

    Sterling responded well to PM Theresa May’s speech outlining the objectives that the UK hopes to achieve from the forthcoming Brexit negotiations.

    read more



  • GBP: Where To Target GBP Squeeze In GBP/USD & EUR/GBP? - NAB

    Date Published: Tue, 17 Jan 2017 23:15:39 +0000

    For GBP we suspect there  may be some additional  limited upside near-term as investors get squeezed and adjust to the PM's clearer strategy, 

    read more



  • USD/JPY: To Stay 'Firmly' In 110-115 Range During For Some Time - Deutsche Bank

    Date Published: Tue, 17 Jan 2017 21:52:53 +0000

    The USD/JPY entered a correction phase in the two-month "Trump rally" since the US presidential election. 

    read more



  • GBP: 4 Reasons Behind This Temp Squeeze & Why You Should Fade it - SEB

    Date Published: Tue, 17 Jan 2017 19:33:37 +0000

    In her speech today PM Theresa May outlined 12 key objectives in negotiating the exit deal for the UK. She has already realised that being part of the single market is not an option as long as the 

    read more



  • GBP: 12 Key Points Of Brexit Plan; Implications For GBP Outlook - BTMU

    Date Published: Tue, 17 Jan 2017 16:18:22 +0000

    1) PM May views the Brexit vote as a vote to restore parliamentary democracy and for Britain to become even more internationalist. “It was the moment we chose to build a truly global Britain”.

    read more



  • USD/JPY: Downside Risk Towards 110-112, US CPI Main Data Point Ahead - Credit Agricole

    Date Published: Tue, 17 Jan 2017 15:10:45 +0000

    We believe caution remains warranted and risk sensitive pairs such as USD/JPY may face more downside risks from here. According to our FX positioning update, published yesterday, speculative JPY short positioning remains close to multi-year extremes.

    read more



  • USD: A DejA Of 2016; EUR/USD A Sell On A Rally Into 1.08 - SocGen

    Date Published: Tue, 17 Jan 2017 14:37:02 +0000

    It has been a bad start to the day and year for the dollar. The correction in relative real yields continues and is dragging the dollar lower. Below are charts of EUR/USD and USD/JPY against relative 

    read more



  • Short EUR/JPY On A Squeeze, Short AUD/JPY At Current Levels - TD

    Date Published: Tue, 17 Jan 2017 14:01:20 +0000

    A possible shift to a less risk friendly backdrop would favor a rotation in the G10. The best performing currencies year-to-date are AUD, NZD and JPY, which we think is more about broad-based 

    read more



  • Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

    Date Published: Tue, 17 Jan 2017 05:17:14 +0000

    There is no change to the current view wherein we expect EUR to remain supported in the short-term as long as 1.0500 is intact. However, it is unclear at this stage if EUR can move higher in a sustained manner

    read more



  • USD: Vulnerable S/T On 3 Factors But Dips To Stay Short & Shallow - TD

    Date Published: Tue, 17 Jan 2017 04:14:20 +0000

    The greenback is down for the third week in a row following nearly two months of steady gains. This drawdown could persist for now, owing to a few factors.

    read more



  • Preview: Fed Speaks: Fed Dudley, Fed Williams

    Date Published: Tue, 17 Jan 2017 03:24:55 +0000

    New York Fed President Dudley (FOMC voter) speaks: New York Federal Reserve President Dudley will speak on consumer behavior. Although not directly related to monetary policy, his views on the evolution

    read more



  • Trading The USD Shift - Morgan Stanley

    Date Published: Tue, 17 Jan 2017 02:43:48 +0000

    The USD may replace its reflation related bid with safe haven related demand. This scenario suggests the JPY staying correctively strong for now,gaining on many crosses, while GBP and high yielding currencies may be hit as political and currency related concerns increase.

    read more



  • USD/CAD: BoC On Hold This Week; Fade Any Hawkish Reaction - RBS

    Date Published: Tue, 17 Jan 2017 01:47:44 +0000

    We expect the Bank of Canada (BoC) to leave the benchmark overnight rate steady at 0.5% at the January meeting. We have long felt that the risks of outright easing in Canada are underpriced.

    read more



  • Trading The American Dream: Sell EUR/USD Targeting 0.95 - Deutsche Bank

    Date Published: Mon, 16 Jan 2017 20:01:00 +0000

    We expect the dollar to continue to strengthen over 2017 – corporate tax reform; potential hawkish Fed appointments; fiscal stimulus; the dollar’s status as a high-yielder all favour continued gains throughout the year.

    read more



  • USD/JPY: 'Trump Trade' Running Out Of Legs: What's Next? - NAB

    Date Published: Mon, 16 Jan 2017 18:27:55 +0000

    The partial unwind of the so called “Trump trade” seen over the past few weeks has in part been driven by concerns that the expectation of higher US growth and inflation has gone too far. Meanwhile the

    read more



  • USD/CAD: Attractive Risk-Reward For New Longs At Current Levels - TD

    Date Published: Mon, 16 Jan 2017 16:52:46 +0000

    Notably, the dollar bloc currencies are the best performers in the G10 since the start of the year. This reflects the pickup in commodity prices but also a general squeeze in positioning. Most of the indicators 

    read more



  • Citi Trade Of The Week: Buy AUD/USD

    Date Published: Mon, 16 Jan 2017 16:25:23 +0000

    Currency investors should consider buying AUD/USD this week, advises CitiFX in its weekly FX pick to clients.

    read more



  • GBP: Limited Downside Vs USD; More Downside Vs JPY - Credit Agricole

    Date Published: Mon, 16 Jan 2017 15:20:15 +0000

    The GBP has been under pressure, since a press conference by Theresa May scheduled for Tuesday is once again increasing fears over the UK being headed for a hard Brexit. According to the Sunday times PM May 

    read more



  • GBP: Close To Reach A Low Point N-Term - BTMU

    Date Published: Mon, 16 Jan 2017 15:01:32 +0000

    The pound has weakened sharply early in the Asian trading session resulting in cable breaking below the 1.2000-level for the first time since the flash crash on the 7th October before recovering slighly back the 

    read more



  • USD: In This Choppy Market, Long USD & Walk Away - SocGen

    Date Published: Mon, 16 Jan 2017 14:00:45 +0000

    The Eurozone has seen DBRS downgrade Italy’s rating, removing the last remaining single-A rating from the country. That will have implications for the haircut on Italian debt posted as collateral with the ECB. It’s only

    read more



  • Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB

    Date Published: Mon, 16 Jan 2017 05:00:08 +0000

    EUR registered an ‘inside day’ last Friday and there is no change to our view wherein we deem the short-term outlook as ‘positive’ as long as the key 1.0500 support is intact. However, it is unclear at this stage if

    read more



  • US Border Tax: A 'Big Deal' For USD & AUD - NAB

    Date Published: Mon, 16 Jan 2017 04:16:59 +0000

    Since Donald Trump’s election victory, speculation has intensified that a proposal for a socalled border adjustment tax would feature in the new Trump administration’s planned overhaul of the corporate tax regime.

    read more



  • The 5 Stages Of The Trump Trade - Deutsche Bank

    Date Published: Mon, 16 Jan 2017 03:02:56 +0000

    There are probably five defining stages for the “Trump trade”: Trading i) ‘the promise’; ii) the deal-making; iii) the enactment; iv) the economic impact, and, v) the payback.

    read more



  • USD, EUR, GBP, CHF, CAD, AUD, NZD: Weekly Outlook - Morgan Stanley

    Date Published: Mon, 16 Jan 2017 01:50:45 +0000

    We believe the current USD correction is of a positioning adjustment nature and remain structurally bullish on the USD. Therefore, we use the USD dip to add long positions to our portfolio. US data has 

    read more



  • USD: Still A Momentum Trade; Selling EUR/USD Via Options - BNPP

    Date Published: Mon, 16 Jan 2017 00:25:07 +0000

    The USD has struggled to extend its gains in the first weeks of the new year. Market participants appear wary of committing too aggressively to a consensus trade so early in the year, particularly given the 

    read more



  • AUD: 'Out Of The Gate' But Time For Bulls To Take Some Gains - CIBC

    Date Published: Sun, 15 Jan 2017 23:21:13 +0000

    The Australian dollar has been the clear winner over the first fortnight of the year, with stronger iron ore, copper, and coal prices pushing the currency to the top of the 

    read more



  • IMM Report: Investors Maintained Their Short Positions In All Currencies Vs USD

    Date Published: Sun, 15 Jan 2017 22:35:03 +0000

    This week’s changes in sentiment were relatively limited as investors maintained their existing short positions in all currencies vs. the USD. Risk was reduced in JPY, CAD, and AUD as

    read more



Additional information