eFXnews

  • EUR/USD: The 'Big Question' For EUR/USD This Week - ING

    Date Published: Mon, 24 Jul 2017 14:17:01 +0000

    ING FX Strategy Research notes that the 'big question' for EUR/USD this week is whether we'll get a topside breakout of a trading range that has held since the onset of the ECB's QE program in Jan 2015.

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  • USD: Changing Our Fed Call To On-Hold For Rest Of 2017 - BNPP

    Date Published: Mon, 24 Jul 2017 13:12:56 +0000

    BNP Paribas economists have made significant changes to their forecast for the Federal Reserve’s policy as they now expect the US central bank to leave the Fed funds target range unchanged for the balance of the year and to hike rates just three times next year.

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  • Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB

    Date Published: Mon, 24 Jul 2017 04:51:29 +0000

    EUR/USD: Bullish (since 19 Jul 17, 1.1550): Took half profit at 1.1660, focus on 1.1710 next.

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  • Preview: US: Existing Home Sales

    Date Published: Mon, 24 Jul 2017 04:04:22 +0000

    Preview: US: Existing Home Sales

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  • AUD/USD: A Correction Lower Is Overdue; Above 0.80 To Be Met With RBA Opposition - BTMU

    Date Published: Mon, 24 Jul 2017 02:28:18 +0000

    BTMU FX Strategy Research argues that AUD/USD looks over-extended based on policy expectations given there has been no sign of any change in forward guidance and given the low level of inflation and the record low levels of hourly wage growth. 

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  • EUR/JPY: Here Is Why New The Divergence Trade Is Long EUR/JPY - CIBC

    Date Published: Mon, 24 Jul 2017 01:31:52 +0000

    CIBC FX Strategy Research makes the case for long EUR/JPY as the new divergence trade over the coning months.

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  • EUR/USD: 1.18 Is Upside Target But Positioning & Valuation Warn Of A S/T Pullback - Nordea

    Date Published: Mon, 24 Jul 2017 00:01:34 +0000

    Nordea FX Strategy Research argues that as long as the convergence story between the Euro area and the US remains a story, 1.18 is likely the target for EUR/USD.

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  • IMM Report: EUR Longs At A Fresh Multi-Year High; CAD Positioning Shifts To Net Long

    Date Published: Sun, 23 Jul 2017 22:31:58 +0000

    Scotiabank FX Strategy Research comments on the latest IMM report (covering up to Tuesday July 18 and were released Friday July 21).

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  • Week Ahead: Will FOMC Help USD? How High Can EUR Fly? - Credit Agricole

    Date Published: Sun, 23 Jul 2017 21:00:12 +0000

    Credit Agricole CIB FX Strategy Research argues that going into next week's July FOMC meeting, the USD should remain at the losing end of the FX convergence trade with investors wary about the fallout from the apparent failure of President Trump's fiscal stimulus.

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  • GBP/USD: Balance Of Risks Into BoE Aug Meeting; Where To Target? - CIBC

    Date Published: Fri, 21 Jul 2017 20:56:16 +0000

    CIBC FX Strategy Research notes that the August 3rd BoE policy meeting will again manifest divergent opinions in a split MPC vote.

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  • USD/JPY: Buy Dips; GBP/USD: Time To Sell - BofAML

    Date Published: Fri, 21 Jul 2017 18:59:52 +0000

    Bank of America Merrill Lynch FX Strategy Research expects the BoJ to keep the current policy framework well into 2018, and just wait for policy normalization by the Fed and other central banks.

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  • AUD/USD: Bullish Above Neckline Of Inverted H&S; Levels & Targets - SocGen

    Date Published: Fri, 21 Jul 2017 16:33:14 +0000

    Societe Generale FX Technical Strategy Research notes AUD/USD has stabilized near the multiyear trend support and has finally confirmed an inverted head and shoulders pattern by breaching above the neckline at 0.7830.

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  • AUD/USD: S/T Correction Likely On Position-Squaring Risk & RBA Comments - Credit Agricole

    Date Published: Fri, 21 Jul 2017 14:45:56 +0000

    Credit Agricole CIB FX Strategy Research argues that AUD/USD is likely vulnerable to a short-term correction on elevated long positioning and more cautious comments from the RBA.

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  • AUD/USD: Rally Still On Shaky Foundation; What's The Trade? - Nomura

    Date Published: Fri, 21 Jul 2017 13:55:10 +0000

    Nomura FX Strategy Research notes that AUD/USD has touched a multi-year high before correcting slightly lower but market participants are seemingly willing it to break higher again. 

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  • EUR/USD: Over-Extended As The Pain Trade Is In Play; What's Next? - BTMU

    Date Published: Fri, 21 Jul 2017 13:08:47 +0000

    BTMU FX Strategy Research notes that EUR/USD price action looks increasingly like EUR short positions being squeezed from the market.

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  • Tech Targets: EUR/USD, GBP/USD, USD/JPY, NZD/USD - UOB

    Date Published: Fri, 21 Jul 2017 04:32:22 +0000

    When we shifted to a bullish stance on Wednesday, we were of the view that the rally in EUR is ‘over-extended’ and expected the 2016 peak of 1.1615 to offer solid resistance. With the help of ECB, EUR 

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  • EUR/USD: Post-ECB: Towards 1.20 Before A Meaningful Correction - SocGen

    Date Published: Fri, 21 Jul 2017 03:24:29 +0000

    Societe Generale Cross Asset Strategy Research highlights 2 key points from EUR price action in reaction to today's July ECB meeting.

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  • EUR/USD: Post-ECB: No ECB Ceiling For EUR Suggests Further Gains Likely 'Easier' - BofAML

    Date Published: Fri, 21 Jul 2017 02:31:07 +0000

    Bank of America Merrill Lynch FX Strategy Research believes that on balance the ECB meeting today suggests more positive risks for the EUR.

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  • EUR/USD: Post-ECB: Risk Of S/T Correction Is High; Buy Any Dips - Danske

    Date Published: Thu, 20 Jul 2017 23:48:18 +0000

    Danske Bank FX Strategy Research notes that EUR/USD gained during today's ECB Draghi’s press conference and still trades in overbought territory.

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  • USD/CAD: All Eyes On Canada CPI On Friday; Key Level To Watch - Credit Suisse

    Date Published: Thu, 20 Jul 2017 22:32:05 +0000

    Market focus on the Canadian dollar remains elevated following last week’s hike by the Bank of Canada, as suggested by the near-parallel move higher in the implied vol curve since the rate decision.

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  • EUR: ECB likely To Announce Details Of QE Exit Strategy At Next Meeting - SEB

    Date Published: Thu, 20 Jul 2017 18:52:45 +0000

    SEB Research comments on the outcome of today's ECB July policy meeting.

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  • USD/JPY: In Stand-Off; AUD/USD; Pause Till Next Week CPI Data - SocGen

    Date Published: Thu, 20 Jul 2017 16:55:39 +0000

    Societe Generale Cross Asset Strategy notes that USD/JPY is in a stand-off, caught between a BOJ which, on another day, would have sounded very dovish in contrast to the thoughts elsewhere of policy normalization, and the Treasury market.  

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  • AUD/USD: Momentum At Levels Historically Corresponded With Corrections Or Pause - Citi

    Date Published: Thu, 20 Jul 2017 15:10:54 +0000

    CitiFX Technical Strategy Research notes that AUD/USD is just shy of testing the 200 week moving average (around 0.8015), a level not hit since 2013.

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  • NZD/USD: Bullish Signal Intact; Weekly Close Key - NAB

    Date Published: Thu, 20 Jul 2017 14:05:25 +0000

    NAB FX Technical Strategy Research notes that its NZD/USD outlook remains bullish in the MT and notes that a weekly close above .7330/40 will confirm further upside risk.

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  • AUD: Stable Risk Index Points To Further AUD/JPY Gains Ahead - Credit Agricole

    Date Published: Thu, 20 Jul 2017 13:19:33 +0000

    Credit Agricole CIB FX Strategy Research's Risk Index has moved into less risk seeking territory.

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  • Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB

    Date Published: Thu, 20 Jul 2017 05:00:37 +0000

    EUR/USD: Bullish (since 19 Jul 17, 1.1550): Over-extended but room for extension to 1.1615.

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  • Preview: US: Initial Jobless Claims

    Date Published: Thu, 20 Jul 2017 03:13:18 +0000

    Preview: US: Initial Jobless Claims

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  • JPY: Trading The BoJ - Views From Major Banks

    Date Published: Thu, 20 Jul 2017 01:51:25 +0000

    The following are brief expectations for the BoJ July meeting as compiled from the related research reports of 11 major banks.

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  • EUR/USD: L/Term Game Changer; S/T Loss Of Up-Momentum: Levels & Targets - JP Morgan

    Date Published: Thu, 20 Jul 2017 00:56:24 +0000

    JP Morgan FX Technical Strategy Research argues that EUR/USD latest and decisive breaks above key-resistance barriers at 1.1300/16 (pivot/int. 76.4 %) and at 1.1453 (weekly trend)in EUR/USD constituted a long-term game change in favor of a broader recovery to 1.1617 and 1.1712/36 (2016/2015 highs/int. 38.2 %).

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  • EUR: The Times Are Changing For ECB; What's Next For EUR/USD? - CIBC

    Date Published: Wed, 19 Jul 2017 21:58:17 +0000

    CIBC FX Strategy Research notes that it’s been nearly five years since President Draghi’s famous ‘whatever it takes speech’, but finally, the times are a changing.

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  • EUR: Balance Of Risks Into ECB; What's The Trade? - BofAML

    Date Published: Wed, 19 Jul 2017 18:07:38 +0000

    Bank of America Merrill Lynch Research expects the ECB this week to toughen their language marginally, by removing the easing bias on QE, while insisting on the need for prudence and a persistent monetary stimulus. 

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  • EUR/USD: Testing A Very Crucial Area Around ECB; Levels To Watch - ABN AMRO

    Date Published: Wed, 19 Jul 2017 16:04:39 +0000

    ABN MARO FX Strategy Research notes that EUR/USD has risen above 1.1550 mainly because of narrowing yield spreads (real and nominal) between the US and the eurozone, arguing that the area between the current level up to 1.1714 (previous peak) is a very crucial area for EUR/USD.

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  • USD: Prospects Remain Dim; Vulnerable Vs EUR, CAD, AUD - Credit Agricole

    Date Published: Wed, 19 Jul 2017 15:10:22 +0000

    Credit Agricole CIB FX Strategy Research notes that the USD remains under pressure from falling US yields as yet another version of the healthcare bill fell apart in the Senate.

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  • USD/JPY: Death Cross On Charts For First Time Since December 2015 - SocGen

    Date Published: Wed, 19 Jul 2017 14:25:14 +0000

    Societe Generale FX Technical Strategy Research notes that USD/JPY charts point to a 'death cross', confirmed this morning as the 50-day USD/JPY moving average edges below the 200-day moving average.

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  • EUR/JPY: Pause Before Higher; A Setup For Buying Dips Targeting 135 - TD

    Date Published: Wed, 19 Jul 2017 13:32:43 +0000

    TD Research notes that EUR/JPY has stalled near the 50% Fibo retracement level from the 2014/2016  high/lows.

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  • Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB

    Date Published: Wed, 19 Jul 2017 04:16:20 +0000

    EUR/USD: Shift from neutral to BULLISH: Over-extended but room for extension to 1.1615.

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  • USD/CAD: Loonie Strength To Send BoC To The Sidelines; Where To Target? - CIBC

    Date Published: Wed, 19 Jul 2017 02:24:43 +0000

    CIBC FX Strategy Research argues that while CAD strength could extend towards a temporarily closing in on 1.25, it will also be a key factor in sending the BoC to the sidelines, letting a Fed hike in December re-widen interest margins in favor of the USD. 

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  • JPY: BoJ Not To Change Track This Week; What's The Trade? - Credit Agricole

    Date Published: Wed, 19 Jul 2017 01:07:50 +0000

    Credit Agricole CIB FX Strategy Research expects no changes to the BoJ’s policy parameters at this week's meeting and looks for the IOER rate to be left at -0.1% and the YCC 10Y JGB target at 0%.

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  • CAD: BoC Overly Optimistic: USD/CAD Oversold; Where To Target? - Barclays

    Date Published: Tue, 18 Jul 2017 21:09:17 +0000

    Barclays Capital Research argues that the BoC’s outlook seems overly optimistic, and the pace of normalization is likely to be data-dependent, with wage and price inflation in particular closely monitored.

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  • AUD: Market Getting Ahead Of Itself In Pricing RBA N-Term; Where To Target? - BTMU

    Date Published: Tue, 18 Jul 2017 18:32:30 +0000

    BTMU FX Strategy Research notes that the AUD has been the clear outperformer overnight resulting in the AUD/USD rate rising to its highest level since May 2015, boosted by the release of the more hawkish than expected RBA minutes from their policy meeting on the 4th July.

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