eFXnews

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

    Date Published: Wed, 28 Jun 2017 04:35:25 +0000

    The abrupt and strong rally appears to be running ahead of itself but there is scope for further up-move towards 1.1435. This solid resistance sits just below the weekly trend-line as well as being the high in June

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  • Preview: US: Advanced Trade Balance for Goods

    Date Published: Wed, 28 Jun 2017 03:03:07 +0000

    Preview: US: Advanced Trade Balance for Goods

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  • USD: To Consolidate N-Term On US Data Seasonal Factor - Citi

    Date Published: Wed, 28 Jun 2017 02:36:52 +0000

    Citi Research notes that since 2011, Citi US economic surprise index rebounded around the middle of every year, showing worse than expected US economic data may be reduced gradually in the 2H.

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  • USD/CAD: Looks Cheap Here; High-Frequency Model Targets A Push Back To 1.34 - TD

    Date Published: Wed, 28 Jun 2017 01:08:48 +0000

    TD Research argues that near-term dynamics point to USD/CAD is likely to remain hovering around the predicable 1.32-1.36 range with a bias to trade near the lower end in Q3.

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  • G10: Does Carry FX trade Set For A Big Comeback - Credit Agricole

    Date Published: Tue, 27 Jun 2017 22:41:27 +0000

    Credit Agricole CIB FX Strategy Research analysis suggests that the current levels of interest rate differentials and volatility are not supportive for a significant revival of the G10 carry trade.

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  • NZD: Near-Perfect Carry-Friendly Conditions Against A Flatter OIS Curve - ING

    Date Published: Tue, 27 Jun 2017 18:46:56 +0000

    ING FX Strategy Research notes that NZD has outperformed in the recent near-perfect carry-friendly conditions (ie, low interest rate volatility and resilient risk appetite).

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  • USD/JPY: Gold Bounce A Risk For USD/JPY N-Term; Where To Target? - NAB

    Date Published: Tue, 27 Jun 2017 17:05:49 +0000

    NAB FX Strategy Research still holds the view that gold has been the biggest USD/JPY driver so far in June noticing that it's correction down from $1,294 to current levels around $1246 has played a significant role in USD/JPY recent bounce.

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  • CAD: Fade Strength On The Crosses; What's The Trade? - Barclays

    Date Published: Tue, 27 Jun 2017 15:41:30 +0000

    Barclays Capital FX Strategy Research notes that after the recent BoC hawkish shift, markets will focus on remarks from the central banks officials to tease out the timing of any possible BoC action.

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  • EUR: Awaiting A Pullback; What's The Trade? - TD

    Date Published: Tue, 27 Jun 2017 14:15:59 +0000

    TD FX Strategy Research expects a mix of better data and/or a measured Fed could see the USD start to recoup some of its recent losses against its peers in the G10.

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  • CAD, AUD, NZD: Where To Target Further Strength? - SocGen

    Date Published: Tue, 27 Jun 2017 13:52:19 +0000

    Societe Generale FX Strategy Research notes that the monetary policy clock is moving in slow motion in the US and euro area, remains completely stopped in Japan, but is still threatening to wake up in Canada, New Zealand and Australia.

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  • JPY: Risk Of Further Weakness N-Term Amid Low Vol & Favorable Market Conditions - BTMU

    Date Published: Tue, 27 Jun 2017 13:11:56 +0000

    BTMU FX Strategy Research argues that while the JPY has weakened modestly, there must be a risk of greater under-performance over the coming days and weeks if these market conditions persist.

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  • Oil: To Stage A Bounce We Prefer To Sell Into In Early July: Levels & Targets - BofAML

    Date Published: Tue, 27 Jun 2017 12:52:40 +0000

    Bank of America Merrill Lynch Technical Strategy Research notes that WTI Oil price is attempting to begin a tactical bounce as we head into a short lived period of seasonal strength.

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

    Date Published: Tue, 27 Jun 2017 04:40:51 +0000

    EUR eased off quickly after touching a high of 1.1219 yesterday. The immediate outlook remains mixed and the current neutral phase has been intact for close to one month now. At this stage, there is no early 

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  • Preview: US: Consumer Confidence

    Date Published: Tue, 27 Jun 2017 03:32:50 +0000

    Preview: US: Consumer Confidence 

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  • BIS Report Shows The Way Forward For Central Banks: Sell EUR/USD - Credit Agricole

    Date Published: Tue, 27 Jun 2017 02:37:30 +0000

    Credit Agricole CIB FX Strategy Research comments on the BIS annual report released over the weekend.

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  • EUR/CHF: Long Standing Undervaluation To Be Corrected Over Time; Where To Target? - Danske

    Date Published: Tue, 27 Jun 2017 00:37:18 +0000

    Danske Bank FX Strategy Research argues that with an ECB exit from negative rates still not in the cards, the SNB could be forced to sell CHF still.

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  • AUD, NZD: Buy-On-Dip Opportunity May Emerge Amid Yield Advantage - Citi

    Date Published: Mon, 26 Jun 2017 22:01:37 +0000

    Citi Research notes that historically, worse than expected US data may be reduced in the 2H, which may limit USD downtrend.

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  • EUR: High Bar For A Risk Premium Driven EUR Decline; Where To Target? - ING

    Date Published: Mon, 26 Jun 2017 19:27:37 +0000

    ING FX Strategy Research notes that the news over the weekend about the Italian government EUR 17bn rescue package to shore up failing Veneto Banca and Banca Popolare di Vicenza should have a very limited negative impact on EUR.

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  • EUR/USD: Range-Trading Through Inflation Prints On Friday - Barclays

    Date Published: Mon, 26 Jun 2017 17:59:20 +0000

    Barclays Capital FX Strategy Research notes that the June flash euro area inflation (Friday) will allow markets to reassess expectations regarding the ECB, which has so far shown caution and disappointed market expectations for more changes in forward guidance.

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  • EUR/USD: Holding 1.10 For More Gains; GBP: Mixed Signals - NAB

    Date Published: Mon, 26 Jun 2017 15:50:11 +0000

    NAB FX Strategy Research remains comfortable with its view of further EUR/USD gains on the back of the solid and increasingly broad economic recovery in the Euro Zone, with favorable financing conditions from the ECB’s  easy policy suggestive of upside risks for growth relative to consensus expectations.

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  • EUR/GBP: Failed Top Turned Range - BofAML

    Date Published: Mon, 26 Jun 2017 15:12:37 +0000

    Bank of America Merrill Lynch FX Strategy Research notes that the year to date range in EUR/GBP between .83050 and .88600 remains.

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  • EUR/USD, USD/JPY: More Time In Range, More Likely To Break Higher Over Summer - SocGen

    Date Published: Mon, 26 Jun 2017 14:00:41 +0000

    Societe Generale FX Strategy Research notes that EUR/USD is stuck in its 1.11-1.13 range, and the only significant news is that the speculative long position reported by the CFTC shrank in the week to last Tuesday.

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  • BNPP Trade Of The Week: Buy USD/JPY

    Date Published: Mon, 26 Jun 2017 13:11:08 +0000

    Currency investors should consider buying USD/JPY to position for a tactical USD rebound this week , advises BNP Paribas Research in its weekly FX pick.

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  • GBP: Capped N-Term Regardless Of Higher Rate Expectations; Where To Target? - Credit Agricole

    Date Published: Mon, 26 Jun 2017 12:50:00 +0000

    Credit Agricole CIB FX Strategy Research argues that GBP should stay capped in the near-term regardless of BoE' Chief Economist Haldane making a bigger case of removing stimulus later this year.

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  • Preview: US: Durable Goods

    Date Published: Mon, 26 Jun 2017 03:55:32 +0000

    Preview: US: Durable Goods

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  • AUD: S-Term Reprieve Masks Negative Underlying Dynamic; Where To Target? - ING

    Date Published: Mon, 26 Jun 2017 02:30:27 +0000

    ING FX Strategy Research Although  argues that while AUD has stayed bid as of late, the near-term risks stemming from the external environment could see AUD loses ground. 

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  • USD: Will The USD Be Vulnerable Another 'Lowflation' Week? - Nordea

    Date Published: Mon, 26 Jun 2017 01:27:46 +0000

    Nordea FX Strategy Research notes that this week’s PCE-price data (Thu) is one chance for the market to reassess the Fed outlook.

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  • JPY: Too Early To Think About BoJ Exit Plan; Too Early To Call JPY Strength N-Term - CIBC

    Date Published: Sun, 25 Jun 2017 23:21:44 +0000

    CIBC FX Strategy Research notes that the BoJ hasn’t been inhaling bonds at quite the same pace recently, and that has some thinking a subtle change in policy is afoot.

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  • IMM Report: Investors Dump EUR, Boost NZD, AUD Longs, Lift USD Longs

    Date Published: Sun, 25 Jun 2017 22:17:33 +0000

    Scotiabank FX Strategy Research comments on the latest IMM report (covering up to Tuesday June 20 and were released Friday June 23).

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  • Week Ahead: What's The FX Trade Amid Falling Oil Prices?

    Date Published: Sun, 25 Jun 2017 21:00:06 +0000

    Credit Agricole CIB FX Strategy Research argues that the latest oil price drop may have some ‘unintended’ consequences in FX.

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  • GBP: Maximum Uncertainty To Bite N-Term But Staying Bullish M-Term - Barclays

    Date Published: Fri, 23 Jun 2017 20:03:33 +0000

    Barclays Capital FX Strategy Research is bearish on GBP in the near-term but remains bullish in the medium-term.

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  • CAD: A Game-Changing Month For CAD; What's Next? - ING

    Date Published: Fri, 23 Jun 2017 18:07:47 +0000

    ING FX Strategy Research notes that June has been a game-changing month for our CAD outlook.

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  • AUD/NZD: Attempting A Weekly Close Below Lower Bollinger Band - NAB

    Date Published: Fri, 23 Jun 2017 17:18:36 +0000

    NAB FX Technical Strategy Research notes that AUD/NZD bearish weekly reversal pattern completed in  March has triggered a multi-week decline that is accelerating beyond the point of being deemed a correction.

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  • EUR/USD: In A Range But Still Looking For A Final Dip Over The Summer - Danske

    Date Published: Fri, 23 Jun 2017 15:50:25 +0000

    Danske Bank FX Strategy Research still looking for a final dip lower in EUR/USD over the Summer arguing that the slowdown in US and China should spills over to the eurozone and weight on the single currency accordingly. 

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  • GBP: 1-Year Anniversary Since UK Brexits Into The Unknown; What's Next? - BofAML

    Date Published: Fri, 23 Jun 2017 14:33:20 +0000

    Bank of America Merrill Lynch FX Strategy Research notes this week marked the opening of the Brexit negotiations.

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  • EUR/USD: Not A Buy Here; Positioning & Risk Sentiment In Driver's Seat - Credit Agricole

    Date Published: Fri, 23 Jun 2017 14:06:07 +0000

    Credit Agricle CIB FX Strategy Research notes that investors’ central bank rate expectations for the ECB should remain capped, leaving the single currency to be driven by positioning and risk sentiment.

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  • GBP/USD: Evolving Within A Mild Up Sloping Channel; Levels & Targets - SocGen

    Date Published: Fri, 23 Jun 2017 13:19:01 +0000

    Societe Generale FX Strategy Research notes that GBP/USD has been evolving within a mild up sloping channel (1.2360/1.2245 - 1.3040/1.3135).

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  • USD/JPY: Attempting Double Bottom On Weekly Charts: Levels & Targets - Citi

    Date Published: Fri, 23 Jun 2017 12:30:05 +0000

    CitiFX Technical Strategy Research notes that USD/JPY posted a bullish outside week last week indicating higher levels ahead. 

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

    Date Published: Fri, 23 Jun 2017 04:01:41 +0000

    EUR traded quietly yesterday and we continue to hold the view that the downside risk is greater. However, as highlighted several times in recent updates, 1.1105/10 is a rather strong support and only a clear break 

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  • Preview: US: New Home Sales

    Date Published: Fri, 23 Jun 2017 03:02:17 +0000

    Preview: US: New Home Sales 

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