Menu

NZD: Longs Vulnerable For Further Unwind Into RBNZ – BNPP

BNP Paribas FX Strategy Research argues that NZD longs could be vulnerable for further unwind on a dovish RBNZ outcome this week.

"The Reserve Bank of New Zealand appears likely to keep rates on hold at its meeting on Read More →

GBPUSD – British Pound Back In Downtrend Vs US Dollar?

Key Points

  • The British Pound after remaining in an uptrend found sellers near 1.3269 against the US Dollar.
  • There was a break below a key bullish trend line with support at 1.3175 on the hourly chart of GBPUSD.
  • Today in Read More →

USD/CAD: Gradual Recovery Has Further Room To Target; Where To Target? – TD

TD Research notes that after carving out a base around 1.2414, USD/CAD has been gradually inching higher.

"We think the move has some more room to run given that much of the good news is priced into CAD. Read More →

Robust NFP numbers give dollar some shine back

The U.S. dollar rallied to its largest one-day gain against a its major rivals so far this year after a strong U.S. July non-farm payrolls report and remarks from National Economic Council director Gary Cohn about lowering the U.S. corporate Read More →