eFXnews

  • Week Ahead: Trading French Elections, ECB & BoJ - Credit Agricole

    Date Published: Sat, 22 Apr 2017 14:49:23 +0000

    Heading into the first round of the French elections on Sunday, Credit Agricole FX Strategy Research's base case sees Le Pen and Macron progressing to the second round, and expect Le Pen not to reach considerably more than 24% of the vote. 

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  • AUD/USD: Trapped In Range; Weekly Close Key - NAB

    Date Published: Fri, 21 Apr 2017 20:47:14 +0000

    NAB FX Technical Strategy Research notes that AUD/USD price remains trapped in an approximate 0.7450/0.7750 range.  

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  • EUR/USD, GBP/USD: Tech Setups & Targets - SocGen

    Date Published: Fri, 21 Apr 2017 19:23:21 +0000

    Societe Generale FX Technical Strategy Research notes that EUR/USD has been undergoing a recovery, probing a multi-month resistance line at 1.08/1.0860 and is successfully defending the bullish channel support at 1.0560.

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  • EUR/GBP: Range Breakout Needed S/T; Levels & Targets - JP Morgan

    Date Published: Fri, 21 Apr 2017 17:35:29 +0000

    JP Morgan FX Technical Strategy Research notes that EUR/GBP is range-trading between 0.8304 and 0.8513, and a breakout is needed for direction in the short-term.

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  • CAD: Weaker Vs USD, Stronger On The Crosses - Credit Agricole

    Date Published: Fri, 21 Apr 2017 15:16:10 +0000

    Credit Agricole CIB Research expects CAD to depreciate further against the USD, while staying supported on the crosses. 

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  • EUR/USD: Trading the First Round Of French Elections - BTMU

    Date Published: Fri, 21 Apr 2017 14:26:56 +0000

    Going into the first round of the French elections on Sunday, BTMU FX Strategy Research's base case for a higher EUR is mainly based on the assumption that neither Le Pen nor Melenchon become the next French president.

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  • GBP: Buying Time, Buying Dips - BofAML

    Date Published: Fri, 21 Apr 2017 13:45:02 +0000

    Bank of America Merrill Lynch FX Strategy Research believes that the UK buys more time by holing the early elections which in turn is GBP positive.

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

    Date Published: Fri, 21 Apr 2017 04:36:44 +0000

    While EUR hit the ‘rebound target’ of 1.0770 as expected (high of 1.0777), the sharp and swift pull-back from the top came as a surprise. Upward momentum has been dented and this pair has likely moved into a

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  • Preview: US: Existing Home Sales

    Date Published: Fri, 21 Apr 2017 04:09:31 +0000

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  • Preview: UK: Retail Sales

    Date Published: Fri, 21 Apr 2017 02:39:01 +0000

    Preview: UK: Retail Sales

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  • AUD/NZD: In Neutral Zone If Stays Below 1.0772; Low Conviction S/T - NAB

    Date Published: Fri, 21 Apr 2017 01:28:50 +0000

    NAB FX Technical Strategy Research notes that the AUD/NZD's bearish weekly reversal pattern completed in March has triggered a multi-week period of correction and returned price to a neutral zone as long as the pair stays below 1.0772.

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  • USD/JPY: To Resume Rally After Passing Of Geopolitical Risks; Where To Target? - Danske

    Date Published: Fri, 21 Apr 2017 00:08:25 +0000

    Danske Bank FX Strategy Research argues that USD/JPY could start to resume its bull trend after the passing of geopolitical risk events.

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  • EUR/USD: Range Breakout Needed or Direction: Levels & Targets - JP Morgan

    Date Published: Thu, 20 Apr 2017 21:02:06 +0000

    JP Morgan FX Technical Strategy Research notes that EUR/USD still stuck in its near-term range and a breakout between 1.0569, and 1.0826 is needed for directions.

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  • CAD: Upside Risk Into CPI; GBP: Move Looks Out-sized - Citi

    Date Published: Thu, 20 Apr 2017 19:51:09 +0000

    CitiFX Strategy Research notes that Canada's CPI on Friday is the major domestic highlight, with risks skewed towards CAD appreciation.

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  • EUR/USD: Trading 'Frexit' Risks - BofAML

    Date Published: Thu, 20 Apr 2017 17:27:49 +0000

    Bank of America Merrill Lynch FX Strategy Research notes that heading into the French elections, markets are still underpricing the risk, although almost anything is possible based on the the latest polls. 

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  • USD: To Bottom Out Soon; GBP: Waiting To Sell Rallies - Credit Agricole

    Date Published: Thu, 20 Apr 2017 16:09:22 +0000

    Credit Agricole FX Strategy Research believes that the USD should start bottoming out soon on the back of a gradual recovery in US yields.

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  • NZD: To Stay Firm After Higher Inflation; RBNZ To Stay Cautious - ABN AMRO

    Date Published: Thu, 20 Apr 2017 14:29:01 +0000

    ABN AMRO FX Strategy Research notes that NZD surged in response to the release of the higher-than-expected inflation print for the first quarter of this year which rose from 1.3% to 2%yoy, highest reading since the third quarter of 2011.

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  • NZD: Higher Inflation Provided Support; What's Next? - BTMU

    Date Published: Thu, 20 Apr 2017 13:41:36 +0000

    BTMU FX Strategy Research notes that the NZD has derived support overnight from the release of the stronger than expected inflation report from New Zealand which revealed that underlying inflation pressures are picking up more quickly than the RBNZ had anticipated. 

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  • USD/JPY: A Buy Closer To 105; GBP/USD: Further Short Squeeze - SocGen

    Date Published: Thu, 20 Apr 2017 13:00:21 +0000

    Societe Generale FX Strategy Research notes that USD/JPY has been following real yields, and does look increasingly like a buy closer to 105.

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

    Date Published: Thu, 20 Apr 2017 04:08:15 +0000

    There is not much to add as we continue to expect the immediate EUR strength to extend higher towards 1.0770 (with much lower odds for further extension to 1.0825). Only a move back below 1.0635 would 

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  • Preview: US: Initial Jobless Claims

    Date Published: Thu, 20 Apr 2017 03:01:54 +0000

    Preview: US: Initial Jobless Claims

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  • GBP: To Stay Supported; Still 11% Undervalued - Barclays

    Date Published: Thu, 20 Apr 2017 01:16:37 +0000

    Barclays Capital FX Strategy Research expects the GBP to remain supported going into the snap UK general election, but notes that global sentiment amid geopolitical risks is likely to stay a key driver in the near-term.

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  • USD/CAD: Fade Rallies On 'Wide Valuation Gap' - TD

    Date Published: Thu, 20 Apr 2017 00:22:59 +0000

    TD FX Strategy Research likes fading the rallies in USD/CAD, owing to the wide valuation gap we see between the pair and the cyclical drivers.

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  • NZD/USD: Bearish Setup Intact If Weekly Close Remains Below 2-Year Trend Line - NAB

    Date Published: Wed, 19 Apr 2017 22:12:51 +0000

    NAB FX Technical Strategy Research still holds the view that February’s bearish reversal in NZD/USD was significant, not only in terms of price action but also the key resistance levels that were rejected.

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  • GBP/USD: Breakout Targets 38.2% Fibo At 1.3187 - JP Morgan

    Date Published: Wed, 19 Apr 2017 19:17:06 +0000

    JP Morgan FX Technical Strategy Research notes that GBP/USD breaks above 1.2618 (daily trend, now support) and above 1.2707 (February high) opened the door for an extended recovery if not a new up-trend.

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  • GBP: Towards A More 'Decent' Brexit But A Lasting GBP Recovery Still Far Away - Danske

    Date Published: Wed, 19 Apr 2017 17:18:26 +0000

    Danske Bank FX Strategy Research expects UK Prime Minister Theresa May to stay in power after the snap general election on the 8th June and to receive the more broad-based backing she is seeking heading into the autumn negotiations on Brexit.

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  • GBP: How Far Can GBP Rally Go? How To Play It? - Credit Agricole

    Date Published: Wed, 19 Apr 2017 15:24:13 +0000

    Credit Agricole FX Strategy Research outlines its outlook and strategy for the GBP following its rally on the back of yesterday's announcement from PM May of a snap general election on the 8th June.

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  • GBP: Bounce More Than Just A Position Squeeze; Towards 1.30-135 Range - BTMU

    Date Published: Wed, 19 Apr 2017 14:13:49 +0000

    BTMU FX Strategy Research argues that the GBP bounce in reaction to the UK snap elections will prove more sustainable and is more than just a position squeeze in a continued GBP bear market.

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  • GBP: Flushing The Shorts Out But Nothing Has Really Changed - SocGen

    Date Published: Wed, 19 Apr 2017 13:08:32 +0000

    Societe Generale FX Strategy notes while Sterling can rally further on more shorts covering, nothing has really changed with regard to the longer term outlook.

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

    Date Published: Wed, 19 Apr 2017 04:04:43 +0000

    The ease of which 1.0700 was taken out was unexpected. This coupled with the strong daily closing clearly indicates that the immediate pressure is on the upside. All in, as long as 1.0635 is intact in the next few 

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  • Preview: EMU: Final Inflation

    Date Published: Wed, 19 Apr 2017 03:27:26 +0000

    Preview: EMU: Final Inflation

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  • USD: Less Supportive Environment; EUR: Weakness To Re-Emerge On Crosses - Citi

    Date Published: Wed, 19 Apr 2017 02:03:01 +0000

    CitiFX Strategy Research notes that markets are likely starting to discontinue the potential speed and scope of the US tax reforms as expectations for substantive moves on tax and fiscal policy in the months ahead have receded among many investors.

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  • EUR/USD: Unplugged But Recharging; Where To Target? - Danske

    Date Published: Wed, 19 Apr 2017 00:03:22 +0000

    Danske Bank FX Strategy Research believes that EUR/USD will stay within the 1.041.10 on a 3-month horizon.

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  • EUR: ECB Speakers In Focus On Wed Ahead Of Euro Area PMIs On Fri - Barclays

    Date Published: Tue, 18 Apr 2017 20:21:42 +0000

    Barclays Capital FX Strategy Research notes that ECB Executive Board Members Coeure and Praet are scheduled to speak on Wednesday in forums where views on monetary policy may be presented.

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  • EUR: Flat Positioning Into French Election; JPY: Scope For A Tactical Bounce - TD

    Date Published: Tue, 18 Apr 2017 19:18:43 +0000

    TD Research notes that market participants are probably reluctant to direct a view on the EUR in the run-up to the first round of the French Presidential election this weekend.  

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  • GBP: UK Snap Election GBP Positive; Where To Target? - BTMU

    Date Published: Tue, 18 Apr 2017 18:00:38 +0000

    BTMU FX Strategy Research argues that today's announcement from PM May of a snap general election on the 8th June is GBP positive. 

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  • GBP: More Short Covering On UK Snap Election To Bring 1.3445 In Focus - NAB

    Date Published: Tue, 18 Apr 2017 16:09:57 +0000

    NAB FX Strategy Research notes that the GBP has stages a significant rally in reaction to UK Prime Minister Theresa May's calling for a snap General Election on June 8th 2017.

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  • EUR/USD: Into The First Round Of French Elections & 1 Week From Now - SocGen

    Date Published: Tue, 18 Apr 2017 15:00:34 +0000

    Societe Generale FX Strategy Research notes that the latest polls ahead of the French elections confirm the first round will be close with a 5% range encompassing support for the four main candidates.

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  • AUD: 1-Month Realized Volatility At A Multi-Years Low; What's The Signal? - ABN AMRO

    Date Published: Tue, 18 Apr 2017 14:11:40 +0000

    ABN AMRO FX Strategy Research notes that the one month realized volatility in the AUD has declined to the lowest level since late 2014.

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  • AUD: To Consolidate At Current Levels N-Term - BTMU

    Date Published: Tue, 18 Apr 2017 13:39:59 +0000

    BTMU FX Strategy Research notes that the Australian dollar has been under selling pressure this week undermined in part by the release of the RBA’s latest monetary policy minutes which revealed a relatively dovish stance.

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