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

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.

"After a round of sluggish data, Read More →

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

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

"However, with external member Kristin Forbes being replaced by the seemingly more dovish Silvana Tenreyro, only two Read More →

NZDUSD – New Zealand Dollar Remains In Uptrend Vs US Dollar

Key Points

  • The New Zealand Dollar made a nice upside move and traded above 0.7420 against the US Dollar.
  • There was a break above a major resistance trend line at 0.7390 on the hourly chart of NZDUSD.
  • Today in New Read More →

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

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

"Firstly, this is a meeting in late July, a time when market reactions should not be over-interpreted. Secondly, Read More →