eFXnews

  • GBP: Investors Unlikely To Have Any Appetite To Long GBP Ahead Of Key Events - BofAML

    Date Published: Fri, 18 Aug 2017 19:40:42 +0000

    Bank of America Merrill Lynch FX Strategy Research argues that politics, more than data, matter for GBP especially with a heavy Brexit calendar through to year-end.

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  • EUR/USD: Modest Consolidation; Near-Term Dips Buying opportunities - TD

    Date Published: Fri, 18 Aug 2017 18:37:09 +0000

    TD FX Strategy Research thinks the balance of risks favor some modest EUR/USD consolidation into Jackson Hole, especially noticing that it is likely that ECB President Draghi will not deliver any fresh news on monetary policy.

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  • EUR/USD: Topping Out; An Opportunity For The Patient USD Bull - BNPP

    Date Published: Fri, 18 Aug 2017 16:59:39 +0000

    BNP Paribas FX Strategy Research notes that EUR/USD appears to be topping out with momentum model signals that EUR momentum has peaked, while positioning analysis framework suggests EUR/USD positioning is stretched long.

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  • EUR/USD: Still Fancy A Break Higher Despite Risk Of Technical Correction - SocGen

    Date Published: Fri, 18 Aug 2017 15:18:06 +0000

    Societe Generale Cross Asset Strategy Research notes that bond yields remain thoroughly range-bound, even if they're at the lower end of ranges. 

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  • USD/JPY: Neutral Here But Downside Risks Are Building Towards 108.50 - BTMU

    Date Published: Fri, 18 Aug 2017 14:01:27 +0000

    BTMU FX Strategy Research expects that for next week, USD/JPY topside may be heavy due to the USD’s weakness and USDJPY basis swap hedging.

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  • GBP: Broadly Balanced Positioning Points To A Broader Range Trading - Credit Agricole

    Date Published: Fri, 18 Aug 2017 13:24:50 +0000

    Credit Agricole CIB FX Strategy Research notes that The GBP has been under pressure for most of the week, despite better-than-expected labor market and retail sales data.

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

    Date Published: Fri, 18 Aug 2017 04:41:34 +0000

    EUR/USD: Neutral (since 07 Aug 17, 1.1785): Bearish if NY closing below 1.1680

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  • CAD: Focus On CPI On Friday; A low Print To Put CAD Under Mild Pressure - Barclays

    Date Published: Fri, 18 Aug 2017 02:06:00 +0000

    Barclays Capital FX Strategy Research notes that the focus of CAD traders will be on Canada's CPI on Friday.

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  • EUR/USD: To Stay Range-Bound Consolidating Around 1.17 Level N-Term - Danske

    Date Published: Fri, 18 Aug 2017 02:06:05 +0000

    Danske Bank FX Strategy Research thinks that EUR/USD is currently in a consolidation phase and will stay range-bound around the 1.17 level near term.

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  • USD/CAD: Fade Or Follow Ahead of Canada's Inflation Report On Friday - TD

    Date Published: Thu, 17 Aug 2017 22:04:44 +0000

    TD FX Strategy Research notes that with regarding to USD/CAD price action, the breakdown in CAD from its cyclical drivers saw a notable shift in the readings from its fair value model.

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  • GBP: Selling GBP/USD A Leveraged Way To Play A Lower EUR/USD S/T - ING

    Date Published: Thu, 17 Aug 2017 20:25:09 +0000

    ING FX Strategy Research argues that GBP may be rivalling the USD when it comes to short-term political uncertainty, with a ‘sell on (PM) May and go away’ type of behavior emerging ahead of key UK political events in early Oct.

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  • EUR/USD: Dips To Be Limited To 1.1475 'At The Extreme' Around ECB Sep Meeting - NAB

    Date Published: Thu, 17 Aug 2017 16:43:54 +0000

    NAB FX Strategy Research retains its 7 September call for an ECB taper announcement, that can also see Draghi warn about the EUR in the hope of holding back gains.

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  • EUR/USD: Draghi's Jackson Hole Speech & Fed's Balance Sheet Runoff Announcement Are Non-Events - BTMU

    Date Published: Thu, 17 Aug 2017 15:34:26 +0000

    BTMU FX Strategy Research notes that the more dovish tone of the FOMC minutes will reinforce the market’s view that the Fed is likely to delay raising rates again until next year and thereby continue to weigh on the US dollar in the near-term.

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  • USD: Rebound To Remain Limited; Plenty Of Event Risk For A December Hike - Credit Agricole

    Date Published: Thu, 17 Aug 2017 14:57:28 +0000

    Credit Agricole CIB FX Strategy Research notes that the FOMC minutes confirmed rising concerns over low inflation, with “many” participants seeing some likelihood that inflation might remain below 2% for longer 

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  • EUR/USD: Current Range Only A 'Stepping Stone' For A Move To 1.20 & Beyond - SocGen

    Date Published: Thu, 17 Aug 2017 13:38:44 +0000

    Societe Generale Cross Asset Strategy Research notes that the FOMC Minutes were long, but the underlying message seemed to be1) divided on rate hikes in a low-inflation/low unemployment world and 2) pretty committed to push ahead with balance sheet reduction.

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

    Date Published: Thu, 17 Aug 2017 04:30:00 +0000

    While EUR touched a low of 1.1680 yesterday, it rebounded strongly and quickly to end the day well above this level. As highlighted, only a NY closing below 1.0680 would indicate that EUR has moved into a 

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

    Date Published: Thu, 17 Aug 2017 04:37:38 +0000

    While EUR touched a low of 1.1680 yesterday, it rebounded strongly and quickly to end the day well above this level. As highlighted, only a NY closing below 1.0680 would indicate that EUR has moved into a 

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  • Preview: US: Initial Jobless Claims

    Date Published: Thu, 17 Aug 2017 03:20:48 +0000

    Preview: US: Initial Jobless Claims

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  • USD/JPY: Under Pressure; What's The Trade? - Danske

    Date Published: Thu, 17 Aug 2017 02:42:26 +0000

    Danske Bank FX Strategy Research notes that USD/JPY is under pressure amid a fresh broad-based USD weakness wave.

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  • CHF/JPY: Sitting On 100wk SMA Support Awaiting A Breakout - BofAML

    Date Published: Thu, 17 Aug 2017 00:18:30 +0000

    Bank of America Merrill Lynch Technical FX Strategy Research notes that CHF/JPY is sitting on the 100wk SMA as support and a breakdown could lead the cross lower.

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  • USD: FOMC Minutes: Still Confident Of One More Fed Hike Before Year-End - SEB

    Date Published: Wed, 16 Aug 2017 23:10:33 +0000

    SEB Research comments on today's FOMC minutes from the July meeting.

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  • USD: FOMC Minutes: Balance Sheet Runoff Likely To Formally Announced Next Month - CIBC

    Date Published: Wed, 16 Aug 2017 19:36:33 +0000

    CIBC Research comments on today's FOMC minutes from the July meeting.

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  • USD: Trading The FOMC Minutes - Views From 10 Major Banks

    Date Published: Wed, 16 Aug 2017 16:25:52 +0000

    The following are brief expectations for the FOMC minutes from the July meeting as compiled from the related research reports of 1o major banks.

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  • EUR/USD: 'Quietly Summoning Up The Energy' For A Push To 1.20 - SocGen

    Date Published: Wed, 16 Aug 2017 15:56:45 +0000

    Societe Generale Cross Asset Strategy Research notes that EUR/USD is still way too high when looked at through the lens of any kind of yield differential.

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  • EUR/USD: Support From Unhedged Equity Flows May Be Fading In 1-3 Month - Danske

    Date Published: Wed, 16 Aug 2017 15:25:18 +0000

    Danske Bank FX Strategy Research notes that unhedged equity flows into the eurozone have seemingly been a key factor behind the euro uptrend in H1.

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  • NZD/JPY: 5-Week Topping Pattern Intact; Levels & Targets - NAB

    Date Published: Wed, 16 Aug 2017 14:32:20 +0000

    NAB FX Technical Strategy Research notes that significant tops have formed in NZD/JPY above 83.00 since 2015.

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  • CAD: Beware Of The NAFTA Headlines - Credit Agricole

    Date Published: Wed, 16 Aug 2017 13:52:08 +0000

    Credit Agricole CIB FX Strategy Research notes that the long-awaited NAFTA negotiations between the US, Canada and Mexico are starting today.

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

    Date Published: Wed, 16 Aug 2017 04:31:15 +0000

    EUR/USD: Neutral (since 07 Aug 17, 1.1785): Bearish if NY closing below 1.1680.

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  • Preview: UK: Labor Report

    Date Published: Wed, 16 Aug 2017 03:45:44 +0000

    Preview: UK: Labor Report

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  • EUR/CHF: Limited Downside Risks From Current Levels; Staying Long - Credit Agricole

    Date Published: Wed, 16 Aug 2017 02:33:40 +0000

    Credit Agricole CIB FX Strategy Research argues that EUR/CHF faces limited downside risks from current levels on the ground that rising safe-haven demand could trigger renewed fears of currency intervention.

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  • EUR/CHF: Bullish Setup Intact Against S/T Support At 1.1352/26 - Credit Suisse

    Date Published: Wed, 16 Aug 2017 00:35:04 +0000

    Credit Suisse FX Technical Strategy Research notes that EUR/CHF technical setup remains bullish and looks for support at 1.1352/26 to ideally hold to see further gains to 1.1681/1.1762 - the 38.2% retracement of the 2007/15 fall and 78.6% retracement of the fall from 2013.

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  • USD/JPY: Why Tech Levels Are Respected For Now? Where To Buy? - NAB

    Date Published: Tue, 15 Aug 2017 22:21:50 +0000

    NAB FX Technical Strategy Research notes that recent Japanese MoF data shows that with USD/JPY drifting lower, Japanese investors have increased their interest in foreign bonds.

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  • USD: Restrained S/T Before A Modest Recovery M/T; Key Levels For EUR/USD - Citi

    Date Published: Tue, 15 Aug 2017 20:32:54 +0000

    Citi Research argues that in the short term, the USD will likely remains restrained on a combination of a broadening of the economic expansion to Europe, EM and Japan and disappointment about policy action from the new US Administration may restrain USD.

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  • GBP: Hold On Chasing EUR/GBP Higher; GBP/AUD Downside Preferable N-Term - TD

    Date Published: Tue, 15 Aug 2017 17:09:10 +0000

    TD FX Strategy Research that GBP has been a big mover today in the G10 sinking on the downside inflation miss.

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  • USD: Focus On FOMC Minutes; Long USDs Begin To Look Tactically Attractive Here - Barclays

    Date Published: Tue, 15 Aug 2017 15:21:46 +0000

    Barclays Capital Research expect the FOMC minutes from the July meeting on Wednesday to contain hints on the degree of concern that FOMC members have about the state of inflation pressures, as in the last statement the FOMC softened its description of the inflation incoming data.

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  • NZD/USD: Decline To Extend Further Before A Base; USD/CAD: Corrective Rally Underway - BofAML

    Date Published: Tue, 15 Aug 2017 14:40:07 +0000

    Bank of America Merrill Lynch FX Technical Strategy Research notes that while the weekly chart of NZD/USD shows spot is in an uptrend and retracing the 2014-2015 decline, its short-term charts point to further decline.

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  • USD: Room For Further Recovery Selectively Into FOMC Minutes - Credit Agricole

    Date Published: Tue, 15 Aug 2017 13:37:55 +0000

    Credit Agricole CIB FX Strategy Research notes that the focus of USD traders will be on the minutes from the July FOMC meeting on Wednesday.

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  • USD: Broadbased Gains In July Retail Sales USD Positive - CIBC

    Date Published: Tue, 15 Aug 2017 13:14:43 +0000

    CIBC Research comments on today's US July retails sales report noticing that headline retail sales grew an above-consensus 0.6% in July, with an upward revision to June's numbers now showing that purchases grew 0.3% (prev. -0.2%).

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

    Date Published: Tue, 15 Aug 2017 03:51:18 +0000

    EUR/USD: Neutral (since 07 Aug 17, 1.1785): EUR to remain underpinned as long as above 1.1750.

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  • Preview: US: Retail Sales

    Date Published: Tue, 15 Aug 2017 02:57:00 +0000

    Preview: US: Retail Sales 

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