Forex
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Monthly archive July, 2017
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 →
Euro takes the cue from a weaker USD; Aussie sells-off as RBA cools rate hike expectations
We had a mixed close for yesterday’s US session and gains were marginal, but worth noting Nasdaq’s 10 day gains. However the ability of Trump’s Government to push forward further policy changes keeps being questioned especially now that it has Read More →