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EUR Risks Into The ECB – UBS

No additional stimulus; focus on UK referendum, Italian banks. We don't expect the ECB to deliver any new monetary policy stimulus this week (21 July). Instead, the UK vote to leave the EU will likely be the key focus, while Read More →

ECB watched for post-brexit action, euro seems to be anticipating more easing

The single currency is nursing some of its wounds this morning, after two days of consecutive losses and ahead of ECB policy decision later this afternoon. The euro is currently trading at 1.1033 to the USD, only managing to create Read More →

EURUSD – Euro Setting Up For More Losses

Key Points

  • The Euro remained in a downtrend against the US Dollar, and looks set for more Read More →

USDCAD – US Dollar Eyeing 1.3100 Versus Canadian Dollar

Key Points

  • The US Dollar after trading as low as 1.2860 against the Canadian dollar found buyers Read More →

Short-Covering To Allow USD/JPY To Reach 108 Into BoJ Meeting – BNPP

With rates markets pricing just 10% chance of a rate hike in September now, we would expect some upward pressure on Fed expectations as we approach the July meeting which could provide some temporary further support for the USD and Read More →