Forex
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Monthly archive July, 2017
GBP, JPY: Balanced Risks S/T; Buy A GBP Dip & Sell A JPY Rally L/T – BofAML
Bank of America Merrill Lynch FX strategy Research argues that short-term risks look balanced for GBP and JPY.
"On GBP, weaker data and headline risks from Brexit negotiations are negative, but the BoE hawkish turn and higher probability for Read More →
USDCAD – Can US Dollar Trade Above This Vs Canadian Dollar?
Key Points
- The US Dollar made a downside move towards 1.2920 against the Canadian Dollar from where it recovered.
- There are two major bearish trend lines forming near 1.3010 on the hourly chart of USDCAD, which might play a major Read More →
CAD: Risk-Reward Into Next Week’s BoC Meeting – BNPP
BNP Paribas Research expects the Bank of Canada (BoC) to deliver a 25bp rate hike at next week’s meeting.
"Rates markets are pricing in an 88% chance of a rate hike at the meeting and a nearly 70% chance Read More →
Dollar on defensive ahead of NFP
The dollar slipped lower on Thursday after a bout of softer-than-expected U.S. labor market data, which dampened expectations for an accelerated pace for raising interest rates by the Federal Reserve.
The greenback was already on the defensive after Wednesday's Read More →