eFXnews

  • GBP: More For GBP To Lose Than To Gain After General Elections - ING

    Date Published: Thu, 25 May 2017 20:09:03 +0000

    ING FX Strategy Research argues that the narrative that GBP will rally on a landslide Tory win at the upcoming UK General Election may be a bit simplistic especially after the recent short positioning adjustment.

    read more



  • AUD/JPY: Double Top: On Alert For Signs Of Price Failure; Levels & Targets - NAB

    Date Published: Thu, 25 May 2017 18:08:09 +0000

    NAB FX Technical Strategy Research notes AUD/JPY medium-term charts suggest that the double top produced and completed in May confirms a likely multi-week to multi-month downtrend initially targeting 80.00/50 with scope to 78.25/75.

    read more



  • USD, EUR, GBP: A Closer Look At Positioning - BofAML

    Date Published: Thu, 25 May 2017 16:17:27 +0000

    Bank of America Merrill Lynch FX Strategy Research discusses the positioning in USD, EUR, and GBP, noticing mainly that as this year so far has been characterized by the 'Trump fade', positioning has been moving towards neutral levels across the board. 

    read more



  • USD: Is Reaction To FOMC Minutes Overdone?: What's Next? - Credit Agricole

    Date Published: Thu, 25 May 2017 15:34:14 +0000

    Credit Agricole CIB FX Strategy Research argues that despite the initial market reaction, the FOMC minutes should not have a lasting negative impact on the USD.

    read more



  • CAD: 'Green Shots' Of Optimism; Staying Short USD/CAD - TD

    Date Published: Thu, 25 May 2017 14:32:22 +0000

    TD Research maintains a bullish bias on CAD following yesterday's BoC policy statement in which the central bank made a 'gentle pivot' towards a more neutral policy stance.  

    read more



  • CAD: Supported By Technicals, Positioning, & Domestic Factors - BTMU

    Date Published: Thu, 25 May 2017 13:22:27 +0000

    BTMU FX Strategy Research notes that CAD has been continued to rebound as of late resulting in USD/CAD trading around back the 1.3400-level.

    read more



  • The Rise & Rise Of Carry: What's The Trade? - SocGen

    Date Published: Thu, 25 May 2017 12:46:38 +0000

    Societe Generale FX Strategy Research argues that FX carry trades look attractive to buy in the near to medium term. In particular, SocGen points to long CAD/JPY, AUD/JPY, NZD/JPY and EUR/JPY. 

    read more



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

    Date Published: Thu, 25 May 2017 04:45:50 +0000

    There is not much to add as EUR traded in a relatively calm manner yesterday. The recovery from the 1.1167 low yesterday is lacking in momentum and the odds for extension to 1.1300 are still not high. That

    read more



  • Preview: US: Initial Jobless Claims

    Date Published: Thu, 25 May 2017 03:18:16 +0000

    Preview: US: Initial Jobless Claims

    read more



  • EUR/USD: Roadblocks For A Continued Surge; What's The Trade? - Danske

    Date Published: Thu, 25 May 2017 02:29:21 +0000

    Danske Bank FX Strategy Research notes that sentiment towards EUR/USD has changed as the recent surge has been driven by political risks reversing and by euro-area growth and equity outperformance.

    read more



  • FOMC Minutes: 2 Tightening Paths - Barclays

    Date Published: Thu, 25 May 2017 00:31:18 +0000

    Barclays Capital Research comments on today's FOMC minutes from the May-3rd meeting.

    read more



  • FOMC Minutes: How Fast? How Much? - Credit Agricole

    Date Published: Wed, 24 May 2017 23:43:56 +0000

    Credit Agricole CIB Research comments on today's FOMC minutes from the May-3rd meeting. 

    read more



  • FOMC Minutes: Fed En-Route To Hike In June & September - SEB

    Date Published: Wed, 24 May 2017 22:05:51 +0000

    SEB Research comments on today's FOMC minutes from the May-3rd meeting. 

    read more



  • FOMC Minutes: 'More Gradualism And Fine Tuning': 3 Takes - CIBC

    Date Published: Wed, 24 May 2017 20:10:50 +0000

    CIBC Research comments on today's FOMC minutes from the May-3rd meeting. In particular, CIBC outlines the following 3 takes from the minutes:

    read more



  • NZD: 4 Reasons To Buy NZD/JPY: What's The Trade? - BofAML

    Date Published: Wed, 24 May 2017 19:14:30 +0000

    Bank of America Merrill Lynch FX Strategy Research promotes long NZD/JPY position on the ground of the following 4 reasons:

    read more



  • CAD: 'BoC Sees An Economic Boom In All The Wrong Places'; What's Next? - CIBC

    Date Published: Wed, 24 May 2017 18:05:05 +0000

    CIBC Research comments on today's BoC policy rate decision arguing that the BoC 'sees an economic boom in all the wrong places'.

    read more



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

    Date Published: Wed, 24 May 2017 15:49:12 +0000

    The following are brief expectations for the FOMC minutes from the May-3rd meeting as compiled from the related research reports of 10 major banks. Overall, they're looking for clues on 1- inflation outlook, 2- tightening path, and 3- balance sheet reduction.

    read more



  • NZD/USD: Low Conviction Here; Weekly Close Above 0.7038 Key - NAB

    Date Published: Wed, 24 May 2017 15:02:37 +0000

    NAB FX Technical Strategy Research notes that NZD/USD MT downtrend has not broken while price remains under trend resistance at 0.7060/80.

    read more



  • USD/JPY: Establishing A 'Buffer' Zone; Where To Target? - ING

    Date Published: Wed, 24 May 2017 14:36:01 +0000

    ING FX Strategy Research argues that absent any new White House revelations, downside risks to USD/JPY  should prove quite limited in the near-term.

    read more



  • USD: Budget Proposal 'Lacks Credibility'; Impact On USD - BTMU

    Date Published: Wed, 24 May 2017 14:01:16 +0000

    BTMU FX Strategy Research comments on the release yesterday in Washington of President Trump’s more detailed budget plan for the fiscal year beginning in October.

    read more



  • CAD: Trading The BoC - Views From Major Banks

    Date Published: Wed, 24 May 2017 13:34:15 +0000

    The following are brief expectations for the BoC May meeting statement as compiled from the related research reports of 10 major banks. Overall, they see the BoC on hold with a 'decidedly neutral' stance, and a limited impact on CAD.

    read more



  • Preview: US: Existing Home Sales

    Date Published: Wed, 24 May 2017 13:13:12 +0000

    Preview: US: Existing Home Sales

    read more



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

    Date Published: Wed, 24 May 2017 04:05:36 +0000

    EUR eked out a marginal new high of 1.1267 yesterday before easing off quickly. The price action is not surprising as we have held the view that that “while the outlook for this pair is still bullish, the odds for 

    read more



  • CAD: OPEC Likely To Extend Cuts This Week; What's The Trade? - Nomura

    Date Published: Wed, 24 May 2017 02:32:39 +0000

    Nomura FX Strategy Research notes that the recent commentary from OPEC officials suggests production cut extensions are likely to be agreed on at Thursday’s meeting.

    read more



  • USD: Market To Focus On Inflation Outlook In FOMC Minutes - NAB

    Date Published: Wed, 24 May 2017 01:09:57 +0000

    NAB Research expects tomorrow's FOMC Meeting Minutes to reiterate the consensus view within the Committee for two more hikes this year and expects the market to be sensitive to any commentary on the inflation outlook.

    read more



  • CAD: BoC On Hold; OPEC May Extend Output Cut Deal This Week - Citi

    Date Published: Tue, 23 May 2017 23:00:58 +0000

    Citi Research expects the Bank of Canada (BoC) to keep the interest rate unchanged at its policy meeting on Wednesday.

    read more



  • EUR/USD: Signal From Rate Spread Out Of Sync With Spot; Caution Here - Credit Agricole

    Date Published: Tue, 23 May 2017 20:11:18 +0000

    Credit Agricole CIB FX Strategy Research notes that the recent EUR/USD rally stands in sharp contrast with the muted widening of the EUR-USD 2Y rate spread.

    read more



  • EUR: Specs Started Buying Into Stronger EUR Outlook; What's Next? - BTMU

    Date Published: Tue, 23 May 2017 18:07:59 +0000

    BTMU FX Strategy Research note that the latest IMM report revealed that speculators are beginning to buy into the outlook for a stronger euro during the rest of this year. (see here)

    read more



  • CAD: BoC To Stress Canada-US Policy Divergence; Impact On CAD - CIBC

    Date Published: Tue, 23 May 2017 15:59:22 +0000

    CIBC Research expects the Bank of Canada (BoC) to stay on hold at its policy meeting on Wednesday, and to stress the policy divergence between Canada and the US.

    read more



  • CAD: BoC On Hold With A Neutral Stance; CAD 3-5% Overvalued - BofAML

    Date Published: Tue, 23 May 2017 15:16:00 +0000

    Bank of America Merrill Lynch Research expects the Bank of Canada (BoC) to remain on hold in its 24 May meeting.

    read more



  • CAD: BoC A Non-Event; Focus On OPEC Meeting On Thursday - Barclays

    Date Published: Tue, 23 May 2017 14:26:06 +0000

    Barclays Capital Research expects the BoC to leave its overnight rate target unchanged at 0.5% on Wednesday.

    read more



  • EUR/CHF: Mildly Bullish Into ECB June Meeting; Where To Target? - ING

    Date Published: Tue, 23 May 2017 13:30:55 +0000

    ING FX Strategy Research notes that geopolitics may be greater driver of CHF this week as G7 leaders meet in Italy.

    read more



  • NZD, AUD CAD: Gradual Turn Against USD; What's The Trade? - SocGen

    Date Published: Tue, 23 May 2017 13:00:20 +0000

    Societe Generale FX Strategy Research notes that NZD, AUD, and CAD are in the process of tracing out gradual turns against the US dollar.

    read more



  • Preview: US: New Home Sales

    Date Published: Tue, 23 May 2017 12:09:55 +0000

    Preview: US: New Home Sales 

    read more



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

    Date Published: Tue, 23 May 2017 05:10:35 +0000

    Merkel’s ‘EUR is too weak’ comment boosted EUR to a high of 1.1263. While this has improved the upward momentum, the bullish phase that started last Wednesday, 17 May still appears to be over-

    read more



  • Preview: EMU: German IFO

    Date Published: Tue, 23 May 2017 04:13:57 +0000

    Preview: EMU: German IFO

    read more



  • EUR/USD: Rallied 'Very Far, Very Rapidly' - What's Next? - Danske

    Date Published: Tue, 23 May 2017 03:16:44 +0000

    Danske Bank FX Strategy Research notes that EUR/USD has moved very far, very rapidly in a very short period on the ongoing accelerated repricing of both Europe and the US.

    read more



  • USD: What To Look For At This Week's FOMC Minutes - SEB

    Date Published: Tue, 23 May 2017 02:00:31 +0000

    The focus of USD investors will be on this week's FOMC minutes from the May meeting (Wed). 

    read more



  • Buy USD, EUR, NZD & Sell JPY, GBP, AUD, CHF Into Year-End - BofAML

    Date Published: Tue, 23 May 2017 00:04:53 +0000

    Bank of America Merrill Lunch FX Strategy Research outlines its FX trading strategy for the rest of 2017. 

    read more



  • GBP: The Peak Is Near; Where To Target? - NAB

    Date Published: Mon, 22 May 2017 20:31:44 +0000

    NAB FX Strategy Research's forecast profile for GBP has a peak of 1.31 in this second quarter, with a steady decline over the next 18 months reflecting the harsh realities of the Brexit negotiations.

    read more



Additional information