Forex

kalender event

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EUR is likely to hold up well against the USD - Rabobank Sandeep Kanihama

Jane Foley, Senior FX Strategist at Rabobank, suggests that while they would expect the USD has the capacity to recover ground vs a wide range of currencies particularly if risk appetite lurches lower again, they expect the EUR is likely to hold up well against the USD.  Key Quotes“The rapid improvement in Eurozone fundamentals played a part in the weakness of the USD in 2017 as f...

17:00 20 February /2018 Forex

USD/JPY clings to strong gains, comfortable above 107.00 handle Haresh Menghani

   •  Rising US bond yields underpin USD demand.
   •  JPY fails to benefit from the prevalent cautious mood.The USD/JPY pair held on to its strong gains and now seems to have entered a bullish consolidation phase above the 107.00 handle.The pair extended its recovery move from 15-month lows, set last Friday, and was supported by a follow-throu...

16:46 20 February /2018 Forex

RBI: Discouraging external debt issuance? - BBH Sandeep Kanihama

The Reserve Bank of India is reportedly reviewing its process for allowing local companies to issue debt overseas, notes the analysis team at BBH.  Key Quotes“The bank is apparently concerned that future FX movements may hurt these companies’ ability to repay their external debt obligations.  The RBI is also looking more closely at the hedging practices of ...

16:23 20 February /2018 Forex

EUR: Pressuring key chart point of 1.2340 area - BBH Sandeep Kanihama

The euro is pressuring another key chart point as the $1.2340 area corresponds to a retracement of the bounce from $1.2200 (Feb 9) to $1.2555 before the weekend, points out the research team at BBH.  Key Quotes“Below there, support is seen near $1.2285, nothing substantial until $1.22.  A break of $1.2200 would suggest a more important high is in ...

16:23 20 February /2018 Forex

EUR/GBP expected at 0.84 in 12-month – Danske Bank Pablo Piovano

Senior Analyst at Danske Bank Morten Helt believes the European cross could retreat to the 0.84 area within a year’s view.Key Quotes“We expect the combination of higher UK interest rates and Brexit clarification to move GBP away gradually from fundamentally undervalued levels. In particular, with the BoE now more firmly signalling a gradual hiking...

15:46 20 February /2018 Forex

USD/JPY keeps the bearish view, 105.00 eyed – UOB Pablo Piovano

The pair’s bearish stance remains intact so far, while a test of 105.00 remains on the cards, noted FX Strategists at UOB Group.Key Quotes24-hour view: “USD traded sideways as expected albeit at a narrower range than anticipated. The daily closing is on the strong side and there is scope for a move above the...

15:46 20 February /2018 Forex

EUR/USD flirting with lows, around mid-1.2300s Haresh Menghani

   •  Persistent USD buying continues to weigh on the major.
   •  Traders shrugged off today’s upbeat ZEW surveys. 
   •  FOMC/ECB meeting minutes to provide a fresh directional impetus.The EUR/USD pair remained heavily offered through the mid-European trading session and is currently placed at the lower end of its daily trading range, just below mid-1.2300s. After yester...

15:46 20 February /2018 Forex

AUD/USD breaks below 0.7900, fresh daily lows Pablo Piovano

After advancing to the area of 0.7930 during the Asian trading hours, AUD/USD met a wave of selling orders that forced it to not only give away those initial gains but also to retreat to the sub-0.7900 region, or fresh session lows.AUD/USD now looks to wage dataSpot paid li...

15:23 20 February /2018 Forex

USD/CAD bulls remain in control, eyeing a move towards 100-DMA Haresh Menghani

   •  The ongoing USD recovery supports the up-move.
   •  Loonie fails to benefit from positive oil prices. The USD/CAD pair extended its steady climb through the mid-European session and is now looking to build on the momentum further beyond the 1.2600 handle. The US Dollar continued with its recovery move from last week’s three-year lows and...

15:23 20 February /2018 Forex

AUD/USD below 0.7865 should target 0.7773 – Commerzbank Pablo Piovano

Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair could test 0.7773 if 0.7865 is cleared.Key QuotesAUD/USD is easing back following last weeks failure at the 61.8% retracement at 0.7991. A slide back below .7865 should be enough to alleviate immediate up...

15:23 20 February /2018 Forex

UK: Wage growth data eyed for BoE’s May rate hike prospects - ING Sandeep Kanihama

Potential upside risks to Wednesday's UK wage growth data could see markets think more carefully about a May rate hike, according to James Smith, Developed Markets Economist at ING.Key Quotes“Wage growth data is very much in vogue at the moment. An unexpected surge in US hourly earnings growth has been widely cited as being at least partly to blame for the recent market turmoil. A...

15:00 20 February /2018 Forex

USD: Conflicting signals – Rabobank Sandeep Kanihama

The turmoil that rocked equity markets earlier in the month was triggered by a spike in inflationary concerns and the prospect of a sharper increase in US rates played on anxieties about USD liquidity and led to a pick up in the value of the greenback, according to Jane Foley, Senior FX Strategist at Rabobank. Key Quotes“Even though bond yields have remained at higher levels, the ...

14:46 20 February /2018 Forex

GBP/USD fades a bullish spike, quickly retreats back below 1.40 handle Haresh Menghani

   •  Sharp European session recovery turns out to be short-lived.
   •  A follow-through USD buying prompts fresh selling.
   •  GBP further weighed down by softer UK macro data.The GBP/USD pair struggled to build on its European session sharp recovery move and quickly retreated around 30-40 pips from session tops.The pair's goodish rebound of around 85-pips from an intra...

14:46 20 February /2018 Forex

AUD: Watching wages - Rabobank Sandeep Kanihama

For many developed economies, the most important data release at present refers to wage inflation and in Australia the key Q4 wage price index is due for release tomorrow, points out Jane Foley, FX Strategist at Rabobank.Key Quotes“Several major central banks, including the Fed and the BoE, are assuming that an increase in CPI inflation will be driven higher by an increase in dema...

13:46 20 February /2018 Forex

EUR/USD depressed around 1.2340, ignores mixed ZEW Pablo Piovano

The offered note stays the same around the single currency on Tuesday and is now forcing EUR/USD to move further south to fresh session lows in the 1.2340  region.EUR/USD offered on ZEW, looks to ECBSpot keeps the negative performance during the first half of the week, this time under extra pressure after th...

13:46 20 February /2018 Forex

EUR/USD still very much on corrective mode - SocGen Sandeep Kanihama

EUR/USD, having failed to break to new highs last week, is still very much on corrective mode, suggests Kit Juckes, Research Analyst at Societe Generale.Key Quotes“Broadly, 1.22-1.26 is now a neutral zone and a test of something near 1.22 seems quite likely to me, particularly if tomorrow's PMI data show any signs of topping out and the

13:46 20 February /2018 Forex

USD/JPY prints daily highs above 107.00 Pablo Piovano

The buying interest around the greenback stays well and sound during the first half if the week and is now pushing USD/JPY back above the critical 107.00 handle, recording fresh daily highs at the same time.USD/JPY focused on risk trends, FOMCThe pair is confirming a positi...

13:23 20 February /2018 Forex

German ZEW Economic sentiment index drops in Feb, but beats estimates Dhwani Mehta

The German ZEW headline numbers for February, showed that the headline economic sentiment improved, coming in at 17.8 versus 16.0 expectations and 20.4 seen last. While the sub-index current conditions rose sharply to 92.3 versus 93.9 expected and 95.2 booked previously.

13:23 20 February /2018 Forex

Oil trades mixed: WTI trims gains ahead of US API report Dhwani Mehta

Oil prices on both sides of the Atlantic traded in opposite direction on Tuesday, with the US oil (WTI) supported on supply disruption while Brent trades on the back foot amid broad-based US dollar strength.WTI (oil futures on NYMEX) extends its upward correction into a fifth day, with thin markets fuelling the gains while ongoi...

13:00 20 February /2018 Forex

UAE OilMin: cooperation between OPEC, allies to continue beyond 2018 - RTRS Haresh Menghani

The United Arab Emirates (UAE) Energy Minister Suhail Al Mazrouei is out on the wires, via Reuters, saying that cooperation between OPEC, allies to continue beyond 2018.Key quotes:    •  Future cooperation could help avoid oil glut, shortage 
   •  Monitoring oil market beyond 2018 is minimum we can do
   •  Need approx $10 Tln...

12:46 20 February /2018 Forex