News Reviews USD 

USD Daily Review June 23, 2017

USD Daily Review for June 23, 2017 Muslim Capitalism: Saudi Arabia Under Review For Inclusion In Trillion Dollar Stock Index MSCI says the Kingdom is on its way to becoming a full-fledged market for investors.   NZD/USD: Bullish Setup Intact Against A Weekly Close Below 0.7205 – NAB NAB FX Technical Strategy Research notes that NZD/USD outlook remains bullish with significant upside risk above 0.7330/50 target. “Bullish weekly and monthly closes in May have laid a strong foundation and a series of bullish MT momentum triggers highlight an increasingly positive environment.A weekly close above…

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News Reviews USD 

USD Daily Review June 22, 2017

USD Daily Review for June 22, 2017 AUD/USD: Positive Crossover In Weekly MACD: Levels & Targets – NAB NAB FX Technical Strategy Research notes that AUD/USD recent bullish weekly reversal patternhas had a positive impact on the multi-month downtrend which has lost its impulse and reversed.”This week’s positive crossover in the weekly MACD is additional evidence of the renewed interim uptrend. This implies that a gradual rise toward 0   USD/JPY: Upside Has Further Room To Run N-Term; Where To Target? – ING ING FX Strategy Research notes that USD/JPY continues…

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USD Daily Review June 21, 2017

USD Daily Review for June 21, 2017 EUR/USD: Trading The ECB Taper In Q3 – ING ING FX Strategy Research notes that EUR/USD is starting to trade consistently above levels typically associated with short term interest rate spreads.”We attribute that to speculation of ECB tapering this summer. We think the ECB will have to provide updates on the PSPP scheme either at its 20 July meeting or more likely its 7 Septem   AUD/USD: In Range For Longer; Whats The Trade? – SocGen Societe Generale FX Strategy Research notes that this week’s…

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News Reviews USD 

USD Daily Review June 20, 2017

USD Daily Review for June 20, 2017 Citi Trade Of The Week: Buy EUR/USD Currency investors should consider buying EUR/USD this week, advises CitiFX Research in its weekly FX pick.Citi recommends buying EUR/USD* around 1.1192 targeting 1.1450 with a stop at 1.1040. Citi weekly trades provide short term guidance on where they see 1-2 week opportunities in G10 FX markets.EUR/USD is trading circa 1.1165 as of writing.   EUR: If EUR/USD To Break Its Range, It Could Be Triggered Via EUR/JPY – SocGen Societe Generale FX Strategy Research notes that the latest…

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News Reviews USD 

USD Daily Review June 19, 2017

USD Daily Review for June 19, 2017 USD/JPY: Still At The Mercy Of US Yields & Gold; Where To Target? – NAB NAB FX Strategy Research notes that USD/JPY is still at the mercy of US yields and gold.”Our USD/JPY fair value model has done a good job at tracking the currency and currently is telling us the pair is essentially trading just under fair value with movements in gold and 10y US treasuryyields explaining a large proportion of the exchange rate&   USD, EUR, JPY, GBP: Central Banks Shift…

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News Reviews USD 

USD Daily Review June 16, 2017

USD Daily Review for June 16, 2017 USD: FOMC Marked A ‘U-Turn’ For USD: What’s The Trade? – Credit Agricole Credit Agricole CIB FX Strategy Research notes that the dollar has staged a partial recovery after yesterday’s FOMC announcement.In our view, investors continue to under-estimate the Fed’s resolve to normalize policy. We believe the outcome of yesterday’s meeting underscored that the FOMC has become less datadependent and more   USD: Perfect Storm Ahead For USD liquidity; Staying Tactically Short EUR/USD – Danske Danske Bank FX Strategy Research warns of the risk that…

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USD Daily Review June 15, 2017

USD Daily Review for June 15, 2017 The Canadian Dollar Has Been on a Tear The Canadian dollar is on track for its best weekly performance against its U.S. counterpart in more than a year, a sign that Canada’s economy is gaining ground on its neighbor to the south.   USD: Trading The FOMC – Views From 15 Major Banks The following are brief expectations for the outcome and the strategies for trading the FOMC June meeting as compiled from the related research reports of 15 major banks. Overall, the consensus seems to expect…

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USD Daily Review June 14, 2017

USD Daily Review for June 14, 2017 EUR/USD: Still A Long Way From Fair Value At 1.29; Where To Target? – CIBC CIBC FX Strategy Research notes that its EUR/USD fair value model is estimated around 1.29 and expects to see the exchange rate reaching 1.17 by the year-end. “Over that time, look for ECB hawks to keep pounding the table, and doves to have less reason to continue pumping stimulus into the system.Furthermore, the Eurozone’s lar   USD: FOMC Not A Big Changer For USD – BofAML Bank of America Merrill…

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