Forex
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EUR/USD: New Targets On A Mix Of ECB Policy Changes In September – SEB
SEB Research now expects the ECB to announce a mix of policy changes at the September meeting.
In particular, SEB expects the ECB to 1- raise the deposit rate by 15bps to -0.25%, 2- lower monthly purchases to Read More →
GBPJPY – Can Positive UK CPI Push British Pound Above 140.50?
Key Points
- The British Pound is currently trading above the 140.00 handle against the Japanese yen.
- There is a clear bearish trend line resistance formed near 140.50 on the hourly chart of GBPJPY.
- Today in the UK, the Consumer Price Read More →
USD weakness persists; but GBP unable to bank on that
We had mixed results at yesterday’s US close. In terms of data the economic calendar lacked any high impact data however there was a number of Fed speakers scheduled to speak throughout yesterday’s session.
Those USD enthusiasts that were Read More →
USD/JPY: Difficult To Re-Establish Bull-Trend S/T Buy Stay Structurally Long – BofA Merrill
Bank of America Merrill Lynch Research argues that as USD/JPY is driven by real yield spreads, policy divergence remains a key determinant of major JPY crosses.
In that regard, BofAML's view is that the Bank of Japan will keep Read More →