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CHF: SNB Allowing EUR/CHF To Fall; Looking To Sell As A Political Hedge – Morgan Stanley
We continue to expect the SNB to smooth the downside in EURCHF but only to manage volatility and no longer to manage a level.
In times of market uncertainty in the Eurozone and peripheral spread widening, we would look Read More →
GBP: Hard Brexit Moving Closer: Time-Line & Targets – Danske
We still see potential for further GBP weakness in the near term as the triggering of Article 50 moves closer.
We target EUR/GBP at 0.87 in 1-3M but stress that the risk is skewed on the upside relative to Read More →
From High to Low: Yellen boost fizzles out, Dollar slips to weekly lows
Better than expected US data yesterday failed to re-ignite the USD’s support. Even though Housing starts were worse than expected for January; Building permits and the Philly Fed Business outlook improved.
After peaking to 101.76 last Wednesday, the USD Read More →
USDCAD – US Dollar Likely Completed Correction Vs CAD
Key Points
- The US Dollar after trading as low as 1.3009 against the Canadian Dollar started a correction.
- The USDCAD pair has a bearish trend line with resistance at 1.3090 on the hourly chart.
- In the US, the Initial Jobless Read More →