Currencies are calmer after the Brexit vote drama. But this calm cannot continue for too long. What’s next? Here is their view, courtesy of eFXdata: EUR/USD: Neutral (since 21 Aug 18, 1.1485): EUR is mild downward pressure, could test 1.1330 supp…
Author: Yohay Elam
The UK Parliament rejected the Brexit deal as expected, and the margin matters. 432 to 202 is a whopping, devastating outcome. However, after an initial dip, GBP/USD is on the rise to around 1.2750. Earlier, GBP/USD rose to above 1.2900 on hopes for a …
The European Union is getting ready to postpone Brexit to at least until July when the new European Parliament convenes. This would be a delay of around three-four months from the original March 29th deadline. EU Council President Donald Tusk is readyi…
Seasonality plays a key role in foreign exchange trading. What should we watch out for this month? Here is their view, courtesy of eFXdata: SEB Research presents monthly recommendations on FX baskets constructed to take advantage of seasonal patterns. …
After Ripple dethroned Ethereum as the second cryptocurrency after bitcoin, we have another change in the top 5. This time, the emerging Cardano coin is known also as ADA, has ousted Litecoin (LTC) from the top 5. According to CoinMarketCap, Cardano…
The election results confirmed the latest polls: Abe is returned to office with a huge, “super majority”. His coalition won 312 seats in the 465-strong lower house. This will allow him to enact his policies in full-swing. He vowed to use th…
The May 2017 Non-Farm Payrolls report is critical for the June decision. If the Federal Reserve is truly data dependent, this is the most important data point. The Non-Farm Payrolls, aka NFP, or “king of forex indicators” is coming on the first Friday of the month, and wages matter a lot more than the actual job […]
The post Non-Farm Payrolls preview: all ’bout the money – 3 scenarios appeared first on Forex Crunch.
Just over 100 days towards the US presidential elections, and the race is becoming tighter, much tighter. Republican nominee Donald Trump was closing the gap on Democrat Hillary Clinton already before the Republican convention in Cleveland. And now, it seems that the race is neck to neck. According to Nate Silver’s 538, the chances of Clinton winning have fallen […]
The post US elections: Trump’s gloom gaining traction – will markets react? appeared first on Forex Crunch.
EUR/USD is sliding to the downside but it may recover, says the team at MS: Here is their view, courtesy of eFXnews: We expect EUR to appreciate moderately this year but then depreciate significantly in 2017 EUR fits into the category of currencies driven increasingly by real over nominal yield differentials. Falling inflation expectations as a […]
The post The Case For A Higher EUR: Outlook & Targets – Morgan Stanley appeared first on Forex Crunch.
After Draghi failed to take EUR/USD out of its comfort zone, the pair is finally falling out of range. In the late hours of Friday, euro/dollar is falling to low support. 1.0960 is the second post-Brexit low. The pair hit 1.0956 before bouncing a bit, …