SEB bank - Intraday Outlooks For EUR/USD, USD/JPY, EUR/CHF (based on efxnews article)
EUR/USD: "Testing nearby dynamic resistance. Buyers keep
testing dynamic resistance at the low end of the short-term "Cloud" (at
market). An "Upper Range Extension" (topside violation of the European
opening hour range) would set some pressure on more resistance at
USD/JPY: "Short-term "Round-top" forming. Price action
is tilted to the downside and first-hand dynamic support has been
eroded. A counter-trend move lower has become increasingly likely - more
so if breaking a near-term "Equality point" at 123.28 and after this
not breaking back over 124.19. If this unfolds as thought, the next
attraction/support below to scout is located at 122.72/45."
EUR/CHF: "An ongoing inter-range climb - Price action
was bullish throughout the week last week, but little to take note of
until now when a short-term "Equality point" has been violated and the
early Jun high is under pressure. If not stopping here 1.0610 &
1.0650 are attraction/resistance levels to scout. In a medium-term
perspective the next key level must be the Mid-Feb reaction high of
RBS - 1.05 target for EURUSD (based on forexlive article)
The Royal Bank of Scotland predicted the price for EURUSD as 1.05 1-year target, and those are the 5 key factors from RBS about why 1.05:
Deutsche Bank with updated EURUSD review: target at 1.02 by Q3-end (based on efxnews article)
The Deutsche Bank updated their view on EUR/USD summarized all the
factors and made a conclusion about target EUR/USD at 1.02 by Q3-end:
Buying the dollar correction before Thursday and selling EUR/USD if it pushes any higher' (based on efxnews article)
Societe Generale made some prediction concerning EUR/USD based on fundamental analysis:
it is not very clear but the right.
Credit Agricole - 'The Fed in our view is unlikely to pre-commit to a September rate hike at today’s meeting' (based on efxnews article)
What To Expect From FOMC (based on efxnews article)
if actual > forecast (or previous data) = good for currency (for USD in our case)
[USD - Federal Funds Rate & FOMC Statement] = Interest rate at which depository institutions lend balances held at the
Federal Reserve to other depository institutions overnight. Short term interest rates are the paramount factor in currency valuation
- traders look at most other indicators merely to predict how rates
will change in the future.
The Committee is maintaining its existing policy of reinvesting
principal payments from its holdings of agency debt and agency
mortgage-backed securities in agency mortgage-backed securities and of
rolling over maturing Treasury securities at auction. This policy, by
keeping the Committee's holdings of longer-term securities at sizable
levels, should help maintain accommodative financial conditions.
When the Committee decides to begin to remove policy
accommodation, it will take a balanced approach consistent with its
longer-run goals of maximum employment and inflation of 2 percent. The
Committee currently anticipates that, even after employment and
inflation are near mandate-consistent levels, economic conditions may,
for some time, warrant keeping the target federal funds rate below
levels the Committee views as normal in the longer run."
GBPUSD M5: 54 pips range price movement by USD - Federal Funds Rate & FOMC Statement news event:
EURUSD M5: 75 pips range price movement by USD - Federal Funds Rate & FOMC Statement news event:
Bank of America Merrill Lynch - preview for today's US 2Q GDP (based on efxnews article)
Where To Sell EUR/USD (based on efxnews article)
[USD - Employment Cost Index] = Change in the price businesses and the government pay for civilian labor. It's a leading indicator of consumer inflation - when businesses pay
more for labor the higher costs are usually passed on to the consumer.
"Compensation costs for civilian workers was little changed at 0.2 percent, seasonally adjusted, for the 3-month period ending June 2015, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) was also little changed at 0.2 percent, and benefits (which make up the remaining 30 percent of compensation) was little changed at 0.1 percent."
EURUSD M5: 112 pips price movement by USD - Employment Cost Index news event: