UOB out with a client note/recommendations 1 July 2016 Courtesy of our friends at efxnews.com While our tech guru Greg is tied up on the ForexLive ACT course here's someone else's T/A for those of you so inclined...
EUR/USD dropped quite a bit on Brexit but showed some strength as well. It could further fall, say the people at BNP Paribas: Here is their view, courtesy of eFXnews: The still-elevated level of GBP volatility renders downside GBP structures very expensive after last Thursday’s UK referendum...
EURUSD Daily Analysis EURUSD (1.109): EURUSD formed an outside bar on the daily session yesterday after QE and rate cut comments from the BoE Governor, Carney. The price action from the past three days shows a kind of consolidation taking place near the minor resistance level at 1...
The Australian and New Zealand dollar both weathered the Brexit quite well, but this may not be the end...
GBP/USD resumed its falls on Carney’s speech but there may be more to come, with sterling not falling alone: Here is their view, courtesy of eFXnews: Despite the sharp fall in GBP so far, we still see it as vulnerable to further declines...
Carny made a special appearance and offers easing during the summer as a reaction to Brexit. He makes a heavy hint that they will take a decision in August. This speech was scheduled only yesterday and is seen as part of the damage control. GBP//USD slips to 1.3330. Update: it already slips to 1...
No surprises with Canada’s GDP: a rise of 0.1% month over month. Producer prices in Canada jumped by 1.1% m/m, much more than 0.4% predicted but remained negative at -1.1% y/y. USD/CAD remains stable. The Canadian economy suffered from the fall in oil prices but the economy is quite diverse...
The Australian dollar is facing elections and a rate decision in the next few days. What’s next? ANZ has a bearish outlook: Here is their view, courtesy of eFXnews: Brexit is now a reality. The damage is done and we now have to navigate through an environment of heightened uncertainty...
1.3500 was nice. 1.3219-22 eyed below The GBPUSD tumbled lower on the back of the BOE Carney comments and in the process solidified the 1.3500 level as a key line in the sand. The level was the low price going back to January 2009. The high price's today stalled at 1...
EURUSD Daily Analysis EURUSD (1.11): EURUSD has been bullish for the past three consecutive days with yesterday’s price action filling the gap from June 24 closing price at 1.1105. Price action is now seen challenging the 1...
Your Economic Data/Event Calendar for today in Europe 30 June 2016 Greetings and welcome to month-end. And that's means month-end flows ( don't forget the usual EURGBP demand for the UK's EU membership fees. Yes we've still got to pay those for a while yet!). Also keep an eye on the 15...
Speculation continues mounting is the UK will indeed leave the EU or that there will be a regret on Brexit – Bregret or if you wish, an EU-turn or a Breturn. This big event is already taking its toll on the economy, but provides growth in new words...
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar...
Small steps for the pound but the buyers are gaining traction 1.3420 was resistance yesterday and today and was S&R on Monday too. GBPUSD 15m chart We've hit minor resistance up around 1.3450 and there's more waiting at 1.3470/75. 1...
Can you believe it’s only been four days since Britain has officially voted OUT of the EU? Over the past couple of days the U.K. has lost its Prime Minister, companies have lost millions (if not billions) in financial market losses, S&P and Fitch have downgraded the U.K...
