EUR/USD: End Of Week Technicals - bullish breakout

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Press review

Sergey Golubev, 2015.10.09 11:45

Intraday Outlooks for EUR/USD by SEB (based on efxnews article)

EUR/USD: "Flag ceiling basically met. The pair did the anticipated up and down move. The rejection from the upper boundary does now indicate that a new attempt to exit the flag to the downside should be seen next week."

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2015.10.11 01:32

Week Ahead by Crédit Agricole (based on efxnews article)

"Next week could prove pivotal for the policy divergence trade with important releases out of the US and the UK likely to determine whether the recent aggressive repricing of Fed and BoE rate hikes has been justified. We think that the US activity and inflation data as well as the UK inflation and labour market data will highlight that investors may have overreacted selling USD and GBP of late. At the same time, we think that data out of Japan should strengthen the case for more QE at the end of the month (CACIB’s central case) and weaken JPY."

What we’re watching: 

JPY - "CACIB economists have front-loaded their call for BoJ QE to 30 October from January 2016. We revised our year-end forecast for USD/JPY higher to 125 from 123 previously."

USD - "Better-than-expected data may bring expectations of the Fed considering higher rates this year back on the agenda."

GBP - "Still constructive labour market conditions as reflected in next week’s data should prevent rate expectations from falling further."

AUD - "Disappointing labour data should keep RBA rate expectations strongly capped. We remain in favour of selling AUD rallies."