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Are We Witnessing The End Of The Dollar Uptrend Or Just A Breather? - Commerzbank

admin — Tue, 21 May 2013 23:08:01 +0000

Is this week's slight USD decline an understandable breather following an impressive run (chart 2) or are we witnessing the end of the dollar uptrend

Betting On Bernanke: Scenarios For EUR/USD, And USD/JPY On Wed - BNZ

admin — Tue, 21 May 2013 21:15:21 +0000

It’s been a whippy day in currency markets, as changing Fed policy expectations tossed around USD sentiment. Still, recent ranges remain intact for the most part, with

What Barclays' Volume Data Tells Us About The Next Moves In EUR/USD And Other Majors?

admin — Tue, 21 May 2013 19:36:34 +0000

The latest FX volume data aggregated from Barclays' FX trading platforms, such as BARX, and third-party trading platforms, including FXAll and 360T suggests that EUR/USD is

Fed Dudley: Must Be Ready to Adjust Asset Buys Up or Down

admin — Tue, 21 May 2013 19:07:03 +0000

Monetary policymakers must be prepared to adjust the pace of asset purchases in either direction with the goal of achieving "substantial" improvement in labor conditions

Quick Tips If Bernanke Ticks The Taper

admin — Tue, 21 May 2013 18:11:27 +0000

Whilst we do not expect the taper to begin for a few months, the taper is a hot topic. When it will start, what it would look like etc. Here we will approach the problem via a

A Deeper Setback In USD/JPY Still On The Cards; Use To Go Long For 105.50 - Credit Suisse

admin — Tue, 21 May 2013 17:34:27 +0000

USD/JPY remains unable to sustain its break above 103.10 − the 38.2% retracement of the entire 1998/2011 bear market –and is still holding below trend resistance

5 Reasons Why AUD/USD Will Stay Below Parity Till Year-End- BofA Merrill

admin — Tue, 21 May 2013 16:19:47 +0000

AUD's recent fall below parity against the USD raises the question on whether the previous pattern of such moves over the past two years, when the AUD has quickly recovered

Fed Bullard: Continued QE Best Monetary Policy Option Presently

admin — Tue, 21 May 2013 16:19:41 +0000

St. Louis Federal Reserve Bank President James Bullard said Tuesday that continued quantitative easing is the Fed's best monetary policy option when faced with high

Quant Insights On EUR/USD, USD/JPY And Other Majors - BNP Paribas

admin — Tue, 21 May 2013 15:28:46 +0000

The following table provides the latest insights on EUR/USD, USD/JPY and a selection of other major currency pair from BNP Paribas STEER* Model

Technicals Point To S/T Correction In EUR/USD But Keep Shorts Running For Now - Commerzbank

admin — Tue, 21 May 2013 15:03:26 +0000

EUR/USD charted a bullish engulfing pattern yesterday and again failed to close below 1.2839/38, the 78.6% retracement of the move from April, says Commerzbank

US Treasury Yields To Trigger Next Leg In USD/JPY Rally

admin — Tue, 21 May 2013 14:29:08 +0000

USD/JPY pulled back in the wake of cautious Japanese official comments about the negative impact of JPY weakness before moving back higher as the same minister Amari appeared to

Bundesbank Sees Clear Signs For German Economic Recovery In 2Q

admin — Tue, 21 May 2013 14:28:18 +0000

Germany's economy should recover in the second quarter of this year, given signals that traditional growth drivers such as exports and capital goods investment will once again

Buy USD/JPY Dips Ahead Of Bernanke And Kuroda - Citi

admin — Tue, 21 May 2013 05:59:49 +0000

USD/JPY is an attractive buy on dips ahead of this week's BoJ meeting, FOMC minutes, and Fed Bernanke's testimony before the Joint Economic Committee, advises Citibank

USD Bulls Here To Stay; Sell EUR/USD Targeting 1.24 - CIBC

admin — Tue, 21 May 2013 05:35:24 +0000

Investors following macro strategies should consider selling EUR/USD at the current levels targeting 1.24 in Q3, advised Jeremy Stretch, head of currency strategy at

Eurozone Set To Benefit As The Perception Of What's Safe Is Changing - Goldman Sachs

admin — Tue, 21 May 2013 05:18:32 +0000

Quote of the day: "From 2000 to 2007, financial integration led to an increase in the share of government debt held by foreign investors across the majority of advanced

Is It Time To Buy AUD?

admin — Tue, 21 May 2013 04:42:26 +0000

Is it time to buy AUD? While we don’t want to be accused of catching a falling knife AUD looks reasonably good value especially against other commodity currencies, especially

What To Expect From The Euro Bond Markets Today?

admin — Tue, 21 May 2013 04:32:00 +0000

Yesterday’s European session was relatively active, despite the Whit Monday holiday, and saw evidence of some moderation of ECB rate-cut expectations, along with more

One Message Across Asset Classes: Lower EUR/USD - BofA Merrill

admin — Tue, 21 May 2013 02:32:41 +0000

Across different asset classes, evidence is building for a lower EUR/USD, says Bank of America Merrill Lynch. "The accelerating uptrend in the USD Index and developing Head

How Data/Events Will Likely Impact GBP This Week? How To Position?

admin — Tue, 21 May 2013 01:22:39 +0000

Our shift to a buy GBP/CHF trade while taking profits on long GBP/USD in late April looks to have been timely; the former has continued to push higher while the latter has

Bullish & Bearish Signals For EUR/USD, EUR/JPY, And Other FX Spots - Commerzbank

admin — Mon, 20 May 2013 23:38:34 +0000

The following tables and charts provide the latest bullish and bearish trending signals for EUR/USD, EUR/JPY and a selection of other FX spots as provided by the technical strategy

Are We Getting To A Point Of Excessive Yen Weakness? - Nomura

admin — Mon, 20 May 2013 22:11:55 +0000

USD/JPY has broken 100 extending through 103 before retracing lower around 102 and it is natural to ask whether we can get too much of a good thing

Where To Target Add'l Profit Taking On USD Longs In EUR/USD, And USD/JPY? - BNZ

admin — Mon, 20 May 2013 20:30:01 +0000

Low volumes and a dearth of economic data have conspired to produce a quiet start to the week in currency markets

Senate Majority Leader: US Moving Closer To Another Destructive Debt Ceiling Fight

admin — Mon, 20 May 2013 19:53:40 +0000

Senate Majority Leader Harry Reid said Monday the U.S. is moving "closer and closer" to another potentially destructive debt ceiling battle, charging that House

Morgan Stanley Tightened Stops On Short GBP/USD Seeing Rebounds As Corrective

admin — Mon, 20 May 2013 19:00:54 +0000

Morgan Stanley tightened the stops on its short GBP/USD to 1.5430 in order to lock a 120-pip profit on the trade. The position opened at 1.5550, with an initial stop at 1.5750

Assessing Market Skew And AUD Position Strategy Ahead of RBA Minutes - Citi

admin — Mon, 20 May 2013 18:13:59 +0000

There are five major factors investors need to consider when assessing the market skews ahead of tonight's RBA minutes, says Citibank

What The ECB Will Do If It Cuts Depo Rates? How Banks Will Respond? - Deutsche Bank

admin — Mon, 20 May 2013 17:28:03 +0000

If the ECB cuts the interest rate on the deposit facility below zero, it will have to impose a cap on the amount of cash deposited in the current account, says Deutsche Bank

Sell EUR/USD At 1.2870/80 Ahead Of FOMC Minutes On Wed - Barclays

admin — Mon, 20 May 2013 16:32:00 +0000

EUR/USD pretty side-lined today, trading in a 60pip range with little flows of note. Despite this relatively quiet mode, there were also some interesting activities in the market

CHF Still Deeply Overvalued; EUR/CHF To Break 1.30 Next Month Then Decline - SocGen

admin — Mon, 20 May 2013 15:38:38 +0000

The CHF is very expensive according to a different range of metrics, says societe generale. "Our long-term valuation metrics identify NOK, CHF and to a much lesser extent SEK

Why Are Investors Turning To The USD? Why Now? - Commerzbank

admin — Mon, 20 May 2013 14:54:58 +0000

Over the past week, investors purchased the USD against practically every other major currency and in the process broke major technical resistance levels in the likes of USD/

FX Market Movers To Follow Closely This Week - Goldman Sachs

admin — Mon, 20 May 2013 14:26:11 +0000

The following is a list of the global risk events which Goldman Sachs expects to have a significant impact on the FX market for the rest of this week. Each event comes along with

Buy JPY, NOK, NZD And Sell USD, AUD, CHF This Wk - G10 Fin Scorecard

admin — Mon, 20 May 2013 14:07:59 +0000

This week, the scorecard recommends buying JPY, NOK and NZD while selling USD, AUD and CHF. All input factors with the exception of FX scores currently favour long JPY and NOK

Is It A No-Brainer Now To Sell EUR/USD On Any Upcoming Rally?

admin — Mon, 20 May 2013 06:04:53 +0000

We remain of the view that the EUR remains a sell versus the USD especially on any significant rally

Are You Going To Believe Me Or Your Lying Eyes? - BofA Merrill

admin — Mon, 20 May 2013 05:35:39 +0000

Quote of the day: "FOMC hawks have dominated the airwaves in recent weeks, but this week the core of the Committee speaks. Fed Chairman Ben Bernanke testifies to Congress on

GBP/USD At 1.47, EUR/GBP At 0.91 In 3 Months: 3 Reasons - Goldman Sachs

admin — Mon, 20 May 2013 05:00:47 +0000

GBP depreciation is likely to continue over the next 3 months driving GBP/USD towards 1.47, and EUR/GBP towards 0.91 in 3 months, says Goldman Sachs

Japan Govt Upgrades View: Economy Picking Up Slowly

admin — Mon, 20 May 2013 04:40:24 +0000

The Japanese government said on Monday it has revised up its economic assessment for the first time in two months, thanks to a gradual improvement in exports and industrial output

The Case Of EUR Weakness Is Broadening - Morgan Stanley

admin — Mon, 20 May 2013 04:00:45 +0000

While markets have been focusing on the ability of higher peripheral EMU yields to attract inflows, the general decline in yields throughout Europe now leaves the EUR at a

What To Expect From The U.S. And Euro Bond Markets This Week?

admin — Mon, 20 May 2013 02:57:35 +0000

Core Eurozone and US rates markets have displayed a degree of indecision or confusion in their price action, lately. Rates rose rather sharply from the lows set at the beginning of

USD/CHF A Buy Or A Sell This Week?

admin — Mon, 20 May 2013 02:13:15 +0000

We expect USD/CHF to remain a good buy this week as CHF is set to trend lower versus the USD this week on macro fundamentals

A Strong Ichimoku Sell Signal For AUD/JPY - Citi

admin — Mon, 20 May 2013 00:34:00 +0000

There are several bearish signs for AUD/JPY on Ichimoku charts triggering a strong sell signal, says Citibank. "The lagging span has recently crossed below, in other words has

USD/JPY To Step-Up Again; Buy Current Dip Targeting 110 - Deutsche Bank

admin — Sun, 19 May 2013 22:29:42 +0000

After a 14 big figure rally in USD/JPY in the fourth quarter of last year, Deutsche Bank advised its clients in January to buy USD/JPY at market and not to wait to buy it on