Menu

Monthly archive October, 2017

GBP/USD: Sterling Is ‘Almost Impossible’ To Trade Right Now – BofAML

Bank of America Merrill Lynch FX Strategy Research notes that positioning in the major G10 FX currencies is very light, reflecting the lack of conviction in the market as many offsetting forces point to a mixed outlook.

In particular, Read More →

EUR/USD: Looking To Set Strategic Longs Near 1.15 On A Deeper Correction – SocGen

Societe Generale Cross Asset Strategy Research argues that in the very near term, the EUR is vulnerable as the highly-anticipated ECB QE tapering announcement is behind us.

"The pieces are in place for a deeper euro correction but the Read More →

EUR/USD: Post ECB: Balance Of Risks Point To Further Downside Momentum – ANZ

ANZ FX Strategy Research discusses EUR/USD outlook after today's ECB meeting.

"Although not a policy tool, the ECB’s upper tolerance level for EUR/USD may not be much more than 1.20. The ECB is of the view that the improved Read More →

Euro shudders as ECB extends bond buying further; USD celebrates Tax reform progress

The euro had to face deflated expectations after ECB chief’s comments in a press conference following the Governing Council’s meeting yesterday.

In his words Mario Draghi said that inflation had not yet showed a sustainable upward trend and that Read More →