Menu

GBP: Bulls Selling On Crosses; CHF: More Selling Ahead – BofAML

Bank of America Merrill Lynch FX Strategy Research notes that although GBP is lower following the BoE meeting and the US jobs report this week, it has been supported since the UK elections from market expectations of a transition period Read More →

EUR/USD: Despite Strong NFP, EUR/USD Set To Hit 1.20 In Next 1-2 Weeks – Danske

Danske Bank FX Strategy Research notes that EUR/USD fell on today's NFP announcement, which showed employment rose by 209,000 in July and June was revised up to 231,000.

"The combination of lower unemployment and better wage data sent EUR/USD Read More →

EURGBP – Euro Might Correct Lower Vs British Pound

Key Points

  • The Euro made a nice upside move and traded above the 0.9000 handle against the British Pound.
  • The EURGBP pair may correct lower since it broke a short term consolidation pattern on the hourly chart at 0.9040.
  • Today Read More →

GBP: Balanced Positioning; Limited Downside Risks From Here – Credit Agricole

Credit Agricole CIB FX Strategy Research notes that GBP was under pressure by the end of the week, mainly in response to the BoE lowering investors’ central bank rate expectations.

"By lowering its longer-term wage price forecasts, it was Read More →