eFXnews

  • USD: Current Risk-Off Episode Temporary; USD Rebound Likely Limited - Credit Agricole

    Date Published: Tue, 26 Sep 2017 16:49:51 +0000

    Credit Agricole CIB FX Strategy Research notes that while markets expect the USD to be mainly driven by Fed speakers and tax reform agenda, geopolitics are once again taking center stage.

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  • G10FX: Is It A Risk-Off Week? What's The Trade? - SocGen

    Date Published: Tue, 26 Sep 2017 15:33:09 +0000

    Societe Generale Cross Asset Strategy Research argues that markets need to be able to get past the Trump/Kim war of words which is easier said than done.

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  • USD: Chasing USD Strength On Fed Tightening Hopes Strategically Unrewarding - ING

    Date Published: Tue, 26 Sep 2017 14:03:23 +0000

    The focus today for USD traders shifts to Chair Yellen's speech where ING FX Strategy Research notes its title contains the word ‘uncertainty’ which is the equivalent of 'Kryptonite' for currencies. 

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

    Date Published: Tue, 26 Sep 2017 12:54:33 +0000

    We have held the view that the undertone for EUR is on the ‘weak side’ for a while but have been frustrated with the lack of deeper pullback. EUR closed at a 1-month low yesterday and the risk of a 

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  • USD: 'Opposing Forces': Where To Target EUR/USD, GBP/USD? - CIBC

    Date Published: Tue, 26 Sep 2017 03:08:43 +0000

    CIBC FX Strategy Research notes that the US current account data released last week showed that the Q2 deficit was roughly $8bn wider than analysts had been expecting, and a full $10bn wider than the first quarter.  

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  • GBP: Headline Risks From The Fourth Round Of Brexit Negotiations - Barclays

    Date Published: Tue, 26 Sep 2017 01:47:45 +0000

    Barclays Capital FX Strategy Research notes that after PM Theresa May’s speech in Florence last week, the fourth round of Brexit negotiations pose further headline risks to GBP.

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  • AUD/CAD: Long Attractive As A Relative Value Trade To Play Commodity FX - Nordea

    Date Published: Tue, 26 Sep 2017 00:34:22 +0000

    Nordea FX Strategy Research notes that for commodity FX outlook, it is again interesting to track how much market effect we will get from a likely downturn in economic momentum in China in months to come.

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  • EUR/USD: More Room For USD Upside But Rallies A Selling Opportunities - TD

    Date Published: Mon, 25 Sep 2017 20:41:37 +0000

    TD FX Strategy Research notes that the USD has rallied since last week's FOMC meeting as the convergence trade is likely susceptible to a modest drawdown in the coming weeks.

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  • EUR/USD: Where To Target S/T Corrections; USD/JPY: Where To Target S/T Rallies - SocGen

    Date Published: Mon, 25 Sep 2017 19:22:33 +0000

    Societe Generale Cross Asset Strategy Research notes that there's a general sense in the response to the German vote that it could be good for German equities, but that doesn't alter the FX conclusion.

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  • Barclays Trade Of The Week: Buy USD/CAD

    Date Published: Mon, 25 Sep 2017 17:39:26 +0000

    Currency investors should consider buying USD/CAD* this week, advises Barclays Capital in its weekly FX pick to clients.

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  • EUR: Less Favorable Outcome Of German Election EUR Negative But Downside Likely Limited - BTMU

    Date Published: Mon, 25 Sep 2017 16:31:55 +0000

    BTMU FX Strategy Research notes that the EUR has weakened during the last trading sessions following the more unfavorable result of German elections.

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  • JPY: Here Is Why Markets Start To Pay Closer Attention To Japan's Domestic Data - Credit Agricole

    Date Published: Mon, 25 Sep 2017 16:00:19 +0000

    Credit Agricole CIB FX Strategy Research notes that the markets have started paying closer attention to Japan’s domestic data as the correlation between Japan’s economic data surprises and the JPY TWI has picked up significantly.

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

    Date Published: Mon, 25 Sep 2017 12:34:18 +0000

    The recent mild downward pressure has eased as EUR rebounded above 1.1980 last Friday (high of 1.2004). The choppy price action for the past couple of weeks has resulted in a mixed outlook. While the 

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  • USD/JPY: To Remain In 108-114 Range Into Year-End; Dips Below 108 An Attractive Buy - SEB

    Date Published: Mon, 25 Sep 2017 04:27:21 +0000

    SEB FX Strategy Research thinks that USD/JPY will continue to trade in the 108-114 range until the end of 2017.

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  • Preview: EMU: German IFO

    Date Published: Mon, 25 Sep 2017 03:31:47 +0000

    Preview: EMU: German IFO

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  • GBP: Sterling Stirring Too Much? What's Next? - CIBC

    Date Published: Mon, 25 Sep 2017 02:10:33 +0000

    CIBC FX Strategy Research argues that while the expectations for rate increases in the UK have supported GBP recently, it's unlikely for such a BoE-induced rally to be sustainable.

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  • EUR/USD: Is 1.20 The New 1.15 For ECB? - Nordea

    Date Published: Mon, 25 Sep 2017 00:49:47 +0000

    Nordea FX Strategy Research notes that every time EUR/USD has traded at 1.20, we get a leak or a comment from the ECB in an attempt to cap the single currency upside.

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  • IMM Report: USD Shorts Stabilizing, EUR Longs Cut Sharply, AUD Bulls Stomp

    Date Published: Sun, 24 Sep 2017 23:34:11 +0000

    Scotiabank FX Strategy Research comments on the latest IMM report (covering up to Tuesday Sep 19 and were released Friday Sep 22).

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  • Week Ahead: USD Bears Unwinding Some Shorts But EUR Set To Remain A Winner - Credit Agricole

    Date Published: Sun, 24 Sep 2017 21:49:50 +0000

    Credit Agricole CIB Research notes that this past week has seen USD regained some ground especially against the laggards of the global policy divergence trade – JPY and CHF.

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  • USD: S/T Rallies A Sell; Target EUR/USD At 1.26, GBP/USD At 1.38 Year-End - TD

    Date Published: Fri, 22 Sep 2017 20:52:18 +0000

    TD FX Strategy Research thinks that we are only in the early stages of the unwind of the broad USD bull market.

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  • USD: To Strengthen Into Year-End; GBP: Difficult To See Further Gains N-Term - BofAML

    Date Published: Fri, 22 Sep 2017 18:59:37 +0000

    Bank of America Merrill Lynch FX Strategy Research argues that the theme of policy divergence should remain the dominant driver in G10 FX for the rest of the year in the absence of a significant escalation of geo-political risks.

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  • EUR/USD: It's 'Now Or Never' For Tactical Bears; Levels To Watch - SocGen

    Date Published: Fri, 22 Sep 2017 16:37:57 +0000

    Societe Generale Cross Asset Strategy Research argues that around it is impossible to chart EUR/USD around current levels without noticing that the recent strength is looking overdone.

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  • GBP: A Buy On Dips; Changing Our BoE Call To A Nov Hike - Credit Agricole

    Date Published: Fri, 22 Sep 2017 15:11:40 +0000

    Credit Agricole CIB FX Strategy Research argues that while ongoing Brexit-related developments driving sentiment, GBP’s predominant driver for now should be central bank rate expectations.

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  • G10 FX: What Is The Key Driver In FX This Year? Valuation Or Carry? - BTMU

    Date Published: Fri, 22 Sep 2017 14:04:12 +0000

    BTMU FX Strategy Research notes that when looking at the year-to-date G10 FX performance table shows SEK, EUR and NOK in the top three positions, and with two of these three still running negative interest rate policies, it is clear that carry is not the driver of G10 FX performance this year.

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

    Date Published: Fri, 22 Sep 2017 13:00:51 +0000

    EUR/USD: Neutral (since 14 Sep 17, 1.1890):  Pull-back has room to extend lower to 1.1770.

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  • AUD: Position Adjustment Could Extend Further S/T But Dips To Remain Supported - Nomura

    Date Published: Fri, 22 Sep 2017 03:29:53 +0000

    Nomura FX Strategy Research notes that AUD has declined on the back of the FOMC-induced rise in the USD and comments from RBA Governor Lowe pointing to a lack of urgency to raise interest rates.

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  • AUD: Scope For Modest Gains Into Year-End; Where To Target? - ANZ

    Date Published: Fri, 22 Sep 2017 01:55:56 +0000

    ANZ FX Strategy Research sees a number of factors that suggest that further upside in AUD/USD is possible.

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  • AUD/USD: Shooting Star Points To A Deeper Temporary Pullback - SocGen

    Date Published: Thu, 21 Sep 2017 23:00:20 +0000

    Societe Generale Cross Asset Strategy Research notes that AUD/USD  almost achieved the intermittent resistance at 0.8125/0.8165 consisting of an upward channel median and the 50% retracement from 2014 highs earlier this month.

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  • USD: Market Pricing For Fed Now Proving Wrong; Staying Short EUR/USD - BofAML

    Date Published: Thu, 21 Sep 2017 20:10:54 +0000

    Bank of America Merrill Lynch FX Strategy Research notes that the FOMC provided strong support to its view that the Fed will take advantage of the "good times" to normalize monetary policies. 

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  • USD: Fade The Fed; Good Level To Sell USD/CAD - TD

    Date Published: Thu, 21 Sep 2017 17:14:34 +0000

    TD FX Strategy Research notes that the USD price action post-FOMC likely reflects that the market was looking for the Fed to scrap from the dots a rate hike this year or next.

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  • USD: Fade The Fed; Chasing USD Strength Post-FOMC To Prove Unfruitful - ING

    Date Published: Thu, 21 Sep 2017 15:42:23 +0000

    ING FX Strategy Research argues that it is somewhat erroneous to describe the tone of the September FOMC meeting as being ‘hawkish’.

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  • USD: Why USD Will Likely Struggle To Build On Post-FOMC Gains? - BTMU

    Date Published: Thu, 21 Sep 2017 14:30:56 +0000

    BTMU FX Strategy Research notes that the one main caveat in the Fed hawkish stance this week is that there is currently a high degree of uncertainty over the outlook for Fed policy which is not captured in the updated dot plots.

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  • USD: Hawkish FOMC Not A Game Changer For USD - Credit Agricole

    Date Published: Thu, 21 Sep 2017 13:56:18 +0000

    Credit Agricole CIB FX Strategy Research notes that the Fed cleared the bar for a hawkish surprise as the median dot projection continued to signal one more hike by the end of 2017 and three in 2018.

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

    Date Published: Thu, 21 Sep 2017 13:12:28 +0000

    EUR/USD: Neutral (since 14 Sep 17, 1.1890):  Pull-back has room to extend lower to 1.1770.

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  • USD: A Fairly Hawkish FOMC Affair - NAB

    Date Published: Thu, 21 Sep 2017 03:21:36 +0000

    NAB Research comments on today's FOMC September policy decision.

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  • JPY: Trading The BoJ - Views From 10 Major Banks

    Date Published: Thu, 21 Sep 2017 02:02:37 +0000

    The following are brief expectations for today's BoJ September policy statement as compiled from the related research reports of 10 major banks.  

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  • EUR/USD: Post-FOMC Dip To Prove Shallow Before A Recovery To 1.20 S/T - Danske

    Date Published: Thu, 21 Sep 2017 00:56:03 +0000

    Danske Research comments on today's FOMC September decision noticing that markets interpreted it hawkishly by sending EUR/USD lower and US Treasury yields higher. 

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  • USD: FOMC Will Likely Hike Again In December - Barclays

    Date Published: Wed, 20 Sep 2017 23:11:45 +0000

    Barclays Capital Research comments on today's FOMC September policy decision.

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  • USD: Hawkish Fed Set To Hike In December - SEB

    Date Published: Wed, 20 Sep 2017 20:26:56 +0000

    SEB Research comments on today's FOMC September policy decision.

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  • USD: The Fed Sticks To Its Guns For Now; We Stick To Dec Hike Call; Bullish USD - CIBC

    Date Published: Wed, 20 Sep 2017 19:07:50 +0000

    CIBC FX Strategy Research comments on today's FOMC September policy decision.

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