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Monthly archive December, 2016

EUR/USD, USD/JPY: Beware Of ‘Unexplained Moves’ As Market Set For Year-End Lull – BTMU

EUR/USD – NEUTRAL BIAS – Near-Term Range (1.0300-1.0700)

With all the major macro events now behind us there is little we can see on the horizon through to year-end that will spark a spike in volatility. Of course during Read More →

JPY: The Underperformer In 2017; GBP: The Outperformer In 2017 – BNPP

PY, the underperformer.

We view the yen as likely to be the weakest major currency in the G10 in 2017, with USDJPY reaching 128. Moreover, in contrast to our forecasts for other major currencies, we do not expect the Read More →

GBP: Fade Any Short-Covering Into New Year; We Stay Short Cable – SocGen

Sterling fell pretty much pari passu with interest rate expectations after the vote to leave the EU in June. If we look at 3m futures contracts, there’s been a 60bp shift in relative pricing of where rates will be in Read More →