USD/CAD Turned to Neutral Near Term – Scotiabank Eric Theoret, FX Strategist at Scotiabank, noted the neutral outlook for the pair in the short-term horizon...
Analytical Review of the Currency Pair GBP/USD Technical data of the currency pair: Previous closing: 1.4057; Daily range: 1.4049-1.4080; Opening: 1.4057...
EUR/USD Stuck Around 1.1360, Fedspeak Eyed The common currency keeps the negative tone at the end of the week, with EUR/USD meandering the 1.1360 area. EUR/USD focus on Fedspeak The pair has quickly faded the bullish attempt to daily tops around 1...
AUD/USD Seen Slipping Towards 0.7475/80 – UOB Analysts at UOB Group noted the Aussie dollar could grind lower to the 0.7475/80 band in the near term. Key Quotes “The price action is line with our view wherein we expect the current pull-back in AUD to extend lower to 0.7475/80”...
As for the euro, EUR/USD is stuck in a broad range that doesn’t look to me anywhere near ready to break. In the spirit of looking at real yields, I’ve plotted EUR/USD against the Bund/Treasury real yield differential, currently 104bp...
USD/JPY: Hard to See a Compelling Argument for a Bounce - Westpac Robert Rennie, Research Analyst at Westpac, suggests that the price action has continued through the last few days, and while USD/JPY holds trend support at 109...
Sell EUR/GBP on Current Strength – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, recommended selling the European cross on ongoing strength...
USD/JPY- Offered Near 23.6% Fibo Level The corrective move in the USD/JPY pair ran into offers near 109.11 (23.6% of 113.80-107.66) levels following which the pair fell back to 108.65 levels...
Risks are in Favour of a Topside Break in EUR/USD - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the risks are in favour of a topside break in EUR/USD as markets embrace a more risk averse posture not to mention the weaker underlying USD signal delivered by Chair Yellen...
USD/CHF Climbs to Highs Around 0.9580 The risk-on sentiment keeps CHF-bulls at bay today, pushing USD/CHF to visit session tops in the 0.9580 area. USD/CHF supported near 0.9500 The pair is extending its advance to the vicinity of the key barrier at the 0...
GBP/USD Defends Mild Gains as Poor UK Data Weighs The GBP/USD pair continues to consolidate gains below 1.41 handle over the last hours, as markets digest the latest industrial figures from the UK economy. GBP/USD reverses a spike to 1.4140 The GBP/USD pair trades modestly flat at 1...
EUR/USD is Back Below Hourly 100-MA Minor bullish move in EUR/USD fell apart around 1.1390-1.14 levels and the pair is back below hourly 100-MA level of 1.1382 levels. Range intact The currency pair remains restricted in a week long range of 1.1438-1.1335...
Eurozone: What More Can be Done? - BNPP Research Team at BNP Paribas, suggests that despite concerns at the beginning of the year, the effect of financial stress on Eurozone growth should remain contained...
Fed: Speakers Cause More Noise than Data - Investec Research Team at Investec, suggests that last night we saw Federal Reserve Chair Yellen take part in a discussion with former Fed Chairs Bernanke, Greenspan and Volcker...
We have long argued that, with a number of major central banks reaching a lower bound for nominal policy rates, real rates should become key for G10 FX. This is because at the lower bound, non-conventional policies increasingly work through inflation expectations...
ECB Minutes Showed Some Disagreement - Investec Research Team at Investec, suggests that in Europe, some attention was also paid to the release of the ECB minutes from their meeting four weeks ago...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. EUR touched 1.1453 yesterday but dropped quickly from the high. We continue to hold a neutral view but the shorter-term undertone is not as positive anymore and a clear break below 1...
Commodity Dollars at Risk on Dour Mood Before 1Q Earnings Season Talking Points: Commodity bloc FX recovers, Yen falls as risk appetite firms in Asian trade Quiet economic data docket puts sentiment trends in focus into the week-end Worries about soft 1Q earnings season may unleash renewed risk a...
