eFXnews

  • USDCAD, GBP/USD: Close To Topping Out; Levels & Targets - Citi

    Date Published: Fri, 24 Mar 2017 20:52:38 +0000

    CitiFX Technical Strategy Research notes that GBP/USD seems to be following a similar path to the price action seen in Feb-June and July-Oct 2016.

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  • EUR: Close To A 'Turning Point': What's Next? - Barclays

    Date Published: Fri, 24 Mar 2017 18:23:34 +0000

    Barclays Capital Research argues that the EUR is now close to a turning point, amid accelerating inflation and stronger economic data, though it still faces many near- and long-term threats.

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  • CAD: Inflation Stable & BoC On Hold In '17: Where To Target? - Nomura

    Date Published: Fri, 24 Mar 2017 17:15:17 +0000

    Canadian headline inflation for February came in at 2.0% y-o-y slightly lower than in January, notes Nomura Research. 

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  • GBP: 'Tick-Tock': Room To Add To Shorts - BofA Merrill

    Date Published: Fri, 24 Mar 2017 15:31:39 +0000

    Bank of America Merrill Lynch Research notes that with Article 50 now set to be triggered next week  - 29 March - a look at positioning shows increased concern.

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  • EUR/USD: Awaiting A Breakout?; GBP/USD: S/T Pause - SocGen

    Date Published: Fri, 24 Mar 2017 14:34:31 +0000

    Societe Generale FX Technical Strategy notes that EUR/USD is now piercing above the neckline and is close to the key hurdle at 1.0810/60, which represents the graphical level consisting of May/July 2015 and the 38.2% retracement from August 2015.

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  • EUR/USD: Is It Time To Sell Again? - Credit Agricole

    Date Published: Fri, 24 Mar 2017 13:42:04 +0000

    Credit Agricole CIB Research argues that EUR/USD is running ahead of fundamentals, again on the ground that the pair’s underlying drivers have not improved all that much despite the pair's recent rally.

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

    Date Published: Fri, 24 Mar 2017 04:02:04 +0000

    EUR traded within a tight range yesterday and closed on a weak note. While upward pressure is waning, another attempt to move towards 1.0870/75 (last November’s high) could not be ruled out just yet even 

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  • AUD/USD: 'Wait A Minute, Not So Fast'; Where To Target? - Danske

    Date Published: Fri, 24 Mar 2017 02:15:44 +0000

    Danske Bank Research notes that AUD/USD has reversed the move after the US elections which pushed the pair as low as below 0.72 around year-end.

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  • EUR/CHF: Set To Start Rallying In Q2; Where To Target? - Barclays

    Date Published: Fri, 24 Mar 2017 00:40:31 +0000

    Barclays Capital Research expects EUR/CHF to rally towards 1.09 in Q2 on a broad EUR rebound from the excessive pricing of political risk for 2017.

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  • EUR/USD: Why Are We Not 'Jumping' To Raise Our Forecasts Yet? - Credit Suisse

    Date Published: Thu, 23 Mar 2017 21:15:40 +0000

    Credit Suisse FX Strategy Research makes a case for not raising its EUR/USD forecasts yet despite the pair's recent rally.

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  • NZD/USD: S/T Pause; Weekly Close Key - NAB

    Date Published: Thu, 23 Mar 2017 17:31:33 +0000

    NAB FX Technical Strategy Research notes that February’s bearish reversal was significant in NZD/USD and this justifies a bearish multi-month outlook and material reversal of the 2017 uptrend.  

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  • EUR/USD: If Le Pen Wins, Expect A Sharp Fall To 0.90 Within Days - BofA Merrill

    Date Published: Thu, 23 Mar 2017 16:18:33 +0000

    Bank of America Merrill Lynch Research argues that there are highly asymmetric EUR implications into the French elections.

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  • USD: Longs Need To Be 'Very Selective': What Is The Trade? - Standard Chartered

    Date Published: Thu, 23 Mar 2017 14:49:43 +0000

    Standard Chartered Research notes that as the USD’s fortunes are fading on prospects for the Trump reflation trade diminish, the US government’s health-care reform bill can be viewed as a test case for the broader reform agenda.

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  • USD: Trading The Obamacare Vote - Credit Agricole

    Date Published: Thu, 23 Mar 2017 13:44:40 +0000

    Markets' focus today is on the upcoming vote on the Affordable Care Act (ACA) repeal bill in US congress.

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  • USD: What Bulls Need To Do Now? - SocGen

    Date Published: Thu, 23 Mar 2017 13:20:27 +0000

    Societe Generale FX Strategy argues that USD bulls needs to respect the break-out from recent ranges and 'sit back' awaiting the outcome of today's House vote.

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

    Date Published: Thu, 23 Mar 2017 04:05:33 +0000

    The 1.0825/30 level that we have talked about since Thursday was finally met with an overnight high of 1.0825. Shorter-term upward momentum is slowing down and while a move above 1.0825/30 would not

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  • AUD, NZD, CAD: Caution Warranted Vs EUR, JPY, CHF Into House Vote - Nomura

    Date Published: Thu, 23 Mar 2017 02:46:47 +0000

    Nomura Research notes that the key upcoming test for the risk environment and for the 'Trumpflation trade will be the House vote on the American Health Care Act on Thursday.

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  • USD/CAD: Focus On Valuation & Oil Prices: Where To Target? - Danske

    Date Published: Thu, 23 Mar 2017 00:01:08 +0000

    Danske Bank Markets Research notes that USD/CAD has been hit over the past month by both a repricing of Fed monetary policy and the oil price falling.

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  • AUD/USD: In Consolidation Pattern; Weekly Close Key - NAB

    Date Published: Wed, 22 Mar 2017 21:12:58 +0000

    NAB Technical FX Research notes that while AUD/USD 2017 uptrend remains in play from a price structure, the pair's repeated failures above 0.7730 in 2017 confirm that resistance up to 0.7850 is likely a firm obstacle.

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  • NZD: RBNZ On Hold & Markets Should Be 'Unmoved' - Westpac

    Date Published: Wed, 22 Mar 2017 19:29:45 +0000

    Westpac Research expects the RBNZ to remain on hold at 1.75% at Thursday’s OCR Review, and to repeats the message it expects to remain so for a long time.

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  • GBP: Most Of The Negative News In The Price; Where To Target? - ABN AMRO

    Date Published: Wed, 22 Mar 2017 18:32:04 +0000

    ABN AMRO Research argues that GBP's behavior signals that most of the negative news and Brexit uncertainty is reflected in the price.

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  • Factoring In 3 Global Risk Themes; What's The FX Trade? - BofA Merrill

    Date Published: Wed, 22 Mar 2017 16:56:21 +0000

    Bank of America Merrill Lynch Research outlines 3 key global risk factors in G10 FX, and broader financial markets:

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  • EUR: What The ECB Exit Strategy Would Look Like? - Barclays

    Date Published: Wed, 22 Mar 2017 14:52:22 +0000

    Barclays Capital Research has upgraded its macro forecasts for the Euro area seeing growth to 1.7% for 2017 and 2018.

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  • USD: Should We Care About The Obamacare Vote On Thursday? - Credit Agricole

    Date Published: Wed, 22 Mar 2017 14:10:46 +0000

    Credit Agricole CIB Research notes that the USD has been sold aggressively across the board after the dovish March hike by the Fed and, more recently, ahead of the vote in the US Congress on the Affordable Care Act (ACA or Obamacare) repeal bill Thursday.

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  • GBP: A Big Test For Sterling On Thursday - SocGen

    Date Published: Wed, 22 Mar 2017 13:29:11 +0000

    Societe Generale FX Strategy notes that the big near-term test for GBP comes with tomorrow’s retail sales data.

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  • EUR/CHF: Lower N-Term Before Rallying By Mid-Year: Where To Target? - Danske

    Date Published: Wed, 22 Mar 2017 13:01:29 +0000

    Political uncertainty in Europe, coupled with rising geopolitical risks following the election of Donald Trump as the next US president, has supported CHF and put pressure on SNB to act to curb CHF appreciation pressure, notes Danske Bank Markets Research.

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

    Date Published: Wed, 22 Mar 2017 04:07:47 +0000

    It took a while but EUR finally managed to move above 1.0800 and hit an overnight high of 1.0819. This level is just below the solid 1.0825/30 resistance and as indicated in recent updates, is unlikely to yield so

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  • EUR: Here Is What Could Cause EUR To Strengthen More Significantly - Nomura

    Date Published: Wed, 22 Mar 2017 01:46:38 +0000

    Nomura's economists expect the ECB to start communicating tapering at its September meeting and expects tapering to start at the beginning of next year.

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  • USD: The Market Is Underpriced For Fed's Follow-Up Rate Hikes - BNPP

    Date Published: Tue, 21 Mar 2017 23:21:19 +0000

     
    The Fed hiked last week but markets focused on dovish elements which left USD bulls disappointed.

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  • USD, EUR, GBP: The Signals From Positioning - BofA Merrill

    Date Published: Tue, 21 Mar 2017 21:00:47 +0000

    Bank of America Merrill Lynch Research provides a snapshot of FX positioning, and flag some risks ahead, using inputs from its proprietary flows data, futures data, and Rates Sentiment Survey. 

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  • EUR/USD: New Targets On A Mix Of ECB Policy Changes In September - SEB

    Date Published: Tue, 21 Mar 2017 18:11:50 +0000

    SEB Research now expects the ECB to announce a mix of policy changes at the September meeting. 

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  • USD/JPY: USD Dynamics In Driving Seat; More Consolidation Ahead - Barclays

    Date Published: Tue, 21 Mar 2017 16:48:58 +0000

    Barclays Capital Research sees some more consolidation in the USD this week on the ground of the recent rhetoric from the Fed points to no urgency to lift rates quicker than is currently priced in.

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  • NZD: No Easing Bias From The RBNZ This Week: 5 Reasons - Credit Agricole

    Date Published: Tue, 21 Mar 2017 15:13:29 +0000

    Credit Agricole CIB Research expects the RBNZ to leave rates on hold this week arguing that it's unlikely for the central bank to move to an easing bias that could weigh on NZD.

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  • USD: Rally's Primary Drivers In Retreat But Don't Throw In The Towel Yet - TD

    Date Published: Tue, 21 Mar 2017 14:07:21 +0000

    TD Research revisited the impact and pricing of the Trump trade on the major currencies noticing that the USD retraced significantly as of late. 

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  • EUR: A Final Round Of Capitulation By EUR Shorts - SocGen

    Date Published: Tue, 21 Mar 2017 13:11:20 +0000

    Societe Generale FX Strategy notes that EUR/USD is trading through 1.08 today with no significant US or Eurozone economic data.

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

    Date Published: Tue, 21 Mar 2017 04:02:43 +0000

    EUR closed largely unchanged yesterday and there is no change to our view wherein we expect the current recovery to extend towards 1.0825/30. This level is the year-to-date high and is a solid resistance and is 

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  • CAD: Settling In A New Range; What's Next? - Credit Agricole

    Date Published: Tue, 21 Mar 2017 03:09:24 +0000

    Credit Agricole CIB Research notes that after the early-March surge and the post-FOMC sell-off, USD/CAD could be settling into a new 1.33– 1.35 range.

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  • USD/JPY: Difficult To Re-Establish Bull-Trend S/T Buy Stay Structurally Long - BofA Merrill

    Date Published: Tue, 21 Mar 2017 00:57:19 +0000

    Bank of America Merrill Lynch Research argues that as USD/JPY is driven by real yield spreads, policy divergence remains a key determinant of major JPY crosses.

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  • EUR: Cyclical Disadvantage To Cap Further EUR/USD Gains - Barclays

    Date Published: Mon, 20 Mar 2017 22:08:57 +0000

    The EUR appreciated last week following a less-hawkish Fed and some relief over the rise of populism in Europe, notes Barclays Capital Research.

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  • USD/JPY: Little Potential To Rally N-Term; Where To Target? - Danske

    Date Published: Mon, 20 Mar 2017 19:41:36 +0000

    Danske Bank Markets Research still expects only little to moderate upside in USD/JPY over the coming weeks

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