Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

 

Image and video hosting by TinyPic

EU Commission out with latest forecasts 9 Nov

  • fastest rate for 10 years
  • all EU 2017 GDP f/c up to 2.3% vs 1.9% prev, 2018 2.1% 2019 1.9%
  • EZ inflation 2017 yy 1.5%, 2018 1.4%, 2019 1.6%
  • UK 2017 GDP f/c cut to 1.5% from 1.8%, 2018 1.3%, 2019 1.1%

Continue reading

SPANISH PM RAJOY SAYS GOVERNMENT COULD AGAIN REVISE DOWN 2018 GROWTH FORECAST DUE TO CATALONIA CRISIS

Latest OECD composite leading indicators just published 9 Nov

  • Stable growth momentum remains the assessment for the United States, Japan, Canada and the EU including France
  • the CLI continues to point to growth gaining momentum in Italy, and now also in Germany
  • amongst major emerging economies, the CLIs point to growth firming in Brazil and to signs of growth gaining momentum in the industrial sector in China.
  • stable growth momentum is anticipated in India and Russia.

Continue reading

USDJPY Buy @ 112.80
SL – 112.26
TP 1 – 113.30
TP 2 – 113.86

USDCAD Buy @ 1.2503
SL – 1.2438
TP 1 – 1.2563
TP 2 – 1.2630

EURUSD
SELL @ 1.1750
TP1:- 1.1705
TP2:- 1.1635
SL:- 1.1806

Continue reading

Date 28/09/2017

USDCAD Buy@ 1.2460 (Yesterday’s Signal updated on our Telegram Channel)
SL – 1.2385
TP 1 – 1.2520
TP 2 – 1.2575
TP 3 – 1.2640

GBPJPY Buy@ 150.50
SL – 149.85
TP 1 – 151.26
TP 2 – 152.20
Continue reading

Date 27/09/2017
NZDUSD Buy @ 0.7180
SL – 0.7122
TP 1 – 0.7238
TP 2 – 0.7291
TP 3 – 0.7363

 USDJPY Buy @ 112.30

SL 111.30
TP 1 – 112.90
TP 2 – 113.20
TP 3 – 114.30

Continue reading

Date 26/09/2017

GBPUSD Buy @ 1.3450
Sl – 1.3370
Tp 1 – 1.3525
Tp 2 – 1.3620

USDJPY Buy @111.60
SL – 111.15
TP 1 – 112.20
TP 2 – 112.50

Buy GBPJPY @ 150.50
SL – 149.85
TP 1 – 151.26
TP 2 – 152.20

Continue reading

BTMU FX Strategy Research notes that the EUR has weakened during the last trading sessions following the more unfavorable result of German elections.

“As widely expected Angela Merkel won her fourth term as German Chancellor despite a sharp decline in public support. Her bloc of the CDU and CSU won only a combined 33% of the vote compared to 41.6% in the previous election. However, the main opposition party of the SPD also performed poorly securing just 20.5% of the vote which was a record low since the creation of the federal republic. The main beneficiaries from the loss of support for the main parties were the far-right AfD who won 12.6% of the vote and the liberal FDP who won 10.7% of the vote thereby securing them both seats in the new parliament,” BTMU notes.  Continue reading

Currency investors should consider buying USD/CAD* this week, advises Barclays Capital in its weekly FX pick to clients.

Barclays recommends buying USD/CAD via a call option for targeting 1.2540.

Barclays’ key rationale behind this call is to position fro a USD retracement and further re-pricing of October BoC hiking expectations.

 

We see downside risks for the CAD into Governor Poloz’s Wednesday speech. Mr. Poloz will likely side with Deputy Governor Lane in noting that the BoC is assessing CAD strength in the context of subdued inflationary pressures. We expect markets to re-price the prospects of an October rate hike by the BoC and the CAD to weaken,” Barclays argues.

Source: Barclays Research

Bank of America Merrill Lynch FX Strategy Research discusses its trading strategy for the EUR noticing that this week’s ECB meeting was a non-event for the EUR and focus now shifts to the French Parliamentary elections next week.

“Investors went into the meeting with a relatively light position in our view, looking for an opportunity to buy any EUR dip. We have to wait for this fall to get the details on the future of QE after this year. 

Continue reading

 

Image and video hosting by TinyPic