"Should the Greek government and its international partners fail to reach an agreement in the emergency meetings scheduled for the coming days, a further escalation in the crisis would seem likely", argues UBS...
D1 price is located below Ichomoku cloud/kumo for primary bearish market condition with secondary ranging between 1162.66 support and 1192.26 resistance levels. The price is ranged between 1162.66 and 1192.26 levels...
The Dollar Would Cluck If Jokowi Accelerate Infrastructure. This could probably make a good example for the country's leaders that the acceleration levels of the good economy of a country that in the realization of the principle of people's elevated the good and true of leader itself...
"Our call remains for Fed lift-off in September with a bias towards further FOMC front-loading. Such front loading behaviour post-FOMC should push USD funding costs higher thereby dragging EUR/USD lower...
FOMC: "Markets will pay close attention to the tone of the FOMC statement on Wednesday and watch for hints on the timing of the first rate hike...
"It appears that well supported BoE rate expectations continue to keep currency downside limited from current levels. In that respect it must be noted that medium-term inflation expectations, as measured by 5Y forward breakeven rates, remain close to multiweek highs...
Poor data for 1Q GDP and CPI have raised the possibility of a policy response from the Swiss National Bank at their 18 June meeting, notes Bank of America Merrill Lynch...
"The rise in eurozone bond yields has caused the EUR’s status as a funding currency to fade in recent weeks and the JPY to overtake as the favoured currency for the market to sell, especially as a funder for long USD positions...
Next week’s Eurogroup meeting maybe the last real chance to avoid a Greek default. Recent official discussions seemed to have focussed on providing Athens with a bailout extension in exchange for the implementation of piecemeal reforms...
The organization also urged the Federal Reserve to hold off raising rates until the next year, citing the risks it may pose to emerging markets...
EUR/USD: 'With yesterday’s downside correction out of the way there’s a big question mark over what the next step from here will be. However as long as the hourly pattern with lower highs remains in place (i.e. staying below 1.1278) we will hold a light downside bias...
UBS latest short-term ideas for EUR/USD, AUD/USD, and USD/CAD. EUR/USD: has already had big moves following USDJPY. This price action is likely to continue...
EUR/USD dips below 1.1250 potential buying opportunities .. The pair currently trades at 1.1283. The immediate resistance is located 1.1344, above which the pair could re-test 1.1384. On the flip side, a break below 1.1280 could drive the pair lower to 1.1228...
YEN sending USDJPY down below 123.00, an instant 1.4 % loss. Technically USDJPY could continue falling towards 122.00 but if we get a retracement to the upside, we could use it for short trades. 123.75 with stop of 50 MA 124.29. ( L4,61...
"With the breakdown of Euro Area GDP data and US Jolts figures the ‘highlight’ of today’s economic news, the FX market will go on watching bonds. There is no catalyst for EUR/USD to fall back unless amnesia fades and we remember the implications of the US data...
The road back for the US Federal Reserve to ‘normal’ interest rates, inflation and economic growth is uncertain...
According to Westpac: "Friday’s EUR/USD close completed a bearish 3 day pattern, confirming the end of the recent upward correction." German 10-year yield ended only slightly higher on Friday despite more notable post-employment report, notes BNP Paribas...
"The AUD/USD has been on a wild ride of late, rallying to a high of 0.8164 on 14 May, only to plunge to below 0.76 on 1 June before settling near 0.77 in front of Friday’s US payrolls report...
EUR: Draghi Gives EUR Legs. Bearish. "The ECB did not push back against higher yields in the Euro Area, which could offer some near term support to EUR on the crosses...
