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NZD: A ‘Fading Star’; What’s The Trade? – ANZ

ANZ FX Strategy Research favors fading NZD strength from here arguing that the good news story is already well factored in at current elevated levels, and prefers to express that vs AUD.

"We have a mildly negative bias Read More →

EURJPY – Euro In Bullish Trend Above 130.90 Vs Japanese Yen

Key Points

  • The Euro climbed higher and traded above the 131.00 level against the Japanese Yen.
  • There is a crucial bullish trend line forming with support at 130.90 on the hourly chart of the EURJPY pair.
  • Today in Japan, the Read More →

GBPUSD – British Pound To Break Down Vs US Dollar?

Key Points

  • The British Pound likely made a short-term top near 1.2979 against the US Dollar.
  • The GBPUSD pair is attempting a break below a bullish trend line with support at 1.2900 on the hourly chart.
  • Today in the UK, Read More →

EUR/USD: Balance Of Risks Into Year End: A Reversal Towards 1.15: 4 Reasons – BofAML

Bank of America Merrill Lynch FX Strategy Research has revised its EUR/USD projections upward, but retains a bearish path for year-end.

BofAML now expect EUR/USD to weaken towards 1.18 by end of September and towards 1.15 by year-end Read More →

USDJPY – US Dollar Back in Uptrend Vs Japanese Yen?

Key Points

  • The US Dollar recovered sharply from the 108.35 low against the Japanese Yen.
  • There was a break above a bearish trend line with resistance at 109.10 on the hourly chart of USDJPY.
  • Today in Japan, the Retail Trade Read More →