RBC recommends selling EUR/USD at 1.1320 with a target of 1.0920 and a stop at 1.1500 *The Royal Bank of Canada (RBC; French: Banque Royale du Canada), operating as RBC Financial Group, is the largest financial institution in Canada...
*Skandinaviska Enskilda Banken AB (Swedish pronunciation: [skandɪˈnɑːvɪska ˈeːnˈɧɪlda ˈbaŋːkən], Scandinavian Individual Bank), abbreviated SEB, is a Swedish financial group for corporate customers, institutions and private individuals with headquarters in Stockholm, Sweden...
* Credit Suisse Group is a Switzerland-based multinational financial services holding company, headquartered in Zürich, that operates the Credit Suisse Bank and other financial services investments...
The term ‘Currency Wars’ was used by Brazil’s erstwhile Finance Minister, Guido Mantega, in September 2010 in response to moves by some (Asian) countries to resist upward pressure on their currencies from the weak US dollar...
Sean Callow, Research Analyst at Westpac, suggests that with a week to assess the fallout from the ECB’s raft of policy easing measures, they remain more impressed than the FX market seems to be. “EUR/USD was just below 1.10 as the various new policies were revealed, slipping to about 1...
Jane Foley, Research Analyst at Rabobank, suggests that there was a common theme in the words of Fed Chair Yellen and in the policy statements offered by the SNB and Norges Bank. “All three cited weaker global growth as a reason for caution...
Sean Callow, Research Analyst at Westpac, suggests that the dovish Fed tone came just in time for the AUD/USD rally, which had looked set to peter out after a failed attempt at 0.76 earlier in the week. “The record-breaking 18...
Khoon Goh, Senior FX Strategist at ANZ, suggests that the SGD strength this year has mainly been on the back of dollar weakness, rather than based on domestic merits. • “The S$NEER is trading back above the midpoint of the band...
EURUSD Daily Forecast: March 18 2016 EURUSD Forecast The EURUSD continued its bullish momentum yesterday topped at 1.1342. The bias remains bullish in nearest term. As you can see on my H1 chart below price is now struggling around the trend line resistance suggest a critical technical point...
GBPUSD Daily Forecast: March 18 2016 GBPUSD Forecast The GBPUSD had a strong bullish momentum yesterday topped at 1.4503. The bias remains bullish in nearest term testing 1.4580 area. Immediate support is seen around 1.4400...
USDCHF Daily Forecast: March 18 2016 USDCHF Forecast The USDCHF continued its bearish momentum yesterday bottomed at 0.9650. The bias remains bearish in nearest term testing 0.9600 – 0.9570 region. Immediate resistance is seen around 0.9730...
Oil continues to recover despite lingering supply concerns and this is pushing the USD/CAD exchange rate lower. The price of oil continues to rise despite continued evidence of over-supply, with WTI reaching above $40/barrel on Thursday March 17...
Earlier this week, we wrote a piece on the AUD/USD highlighting the potential for a pullback after China's industrial production growth eased more than expected (click HERE for details...
Analysts at Bank of Tokyo Mitsubishi explained that renewed USD strength should still materialise but from weaker level. "Our current dollar forecasts (Foreign Exchange Outlook 1st March) were based on two rate increases this year and two still seems most likely – in June and December...
Analysts at TD Securities are calling a further thrust lower to 108.50 in USD/JPY. Brokers TD Securities have put out a call for the USD/JPY rate to break lower extending to a target at 108.50. “We think short positions in USDJPY offer a compelling risk/reward profile...
Our economics team’s view has been that tightening in financial conditions and market disruptions will ultimately prevent the Fed from tightening rates further this year. The message from this week’s FOMC is that the Committee agrees with this view, at least for now...
Despite rising core inflation and falling unemployment, the Fed stays on hold, and lowers their outlook for rate hikes in 2016, notes UBS. "Lower for longer, but same pace once they really get going As expected, the Fed left rates on hold (Kansas City Fed President George dissented...
According to analysts from TDS, the decline in USD/ZAR, after the FED and the South African Reserve Bank (SARB) decision, could be an opportunity to re-establish long positions. “The SARB hiked the repo rate by 25bp to 7.00% in a split decision that was all but easy to call...
Analysts at Bank of Tokyo mitsubishi explained that forward implied interest rate differentials show markets looking for less RMB depreciation vs. USD (but still in line with our forecasts...
