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EUR/USD: Overshoot; Technicals Point To A Tactical Retracement; Levels & Targets – Barclays

August 24, 2017 Yohay Elam 0

EUR/USD is drifting higher, but in a relatively narrow range. Has it gone too far? Here is the view from Barclays: Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research argues that EUR/USD has likely overshot and expects monetary policy divergence to remain an important element for a tactical retracement. Barclays also notes […]

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German PMIs beat expectations – EUR/USD advances

August 23, 2017 Yohay Elam 0

Germany’s manufacturing sector is firing on all engines, at least according to the manufacturing PMI. It jumped to 59.4 points, much better than projected. The services PMI also came out above expectations, but only just: 53.4 points. EUR/USD is moving up, trading at 1.1770 after reaching a high of 1.1777. The pair trades in a […]

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EUR/USD: ‘Buy The Rumor, Sell The Fact’ Into Jackson Hole – ING

August 22, 2017 Yohay Elam 0

There is a lot of hype ahead of the Jackson Hole Symposium. Will Draghi hint about QE or talk down the euro? What does Janet Yellen have in store for us? Here is the outlook from ING: Here is their view, courtesy of eFXnews: ING FX Strategy Research notes that given the Jackson Hole line-up, […]

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German ZEW Economic Sentiment misses with 10 points – EUR/USD pressured

August 22, 2017 Yohay Elam 0

The ZEW economic sentiment falls short of expectations with a score of 10 points. The current conditions component stands at 86.7, slightly better than expected, but the economic sentiment seems to have the upper hand. EUR/USD slips under 1.1770, a small drop from the levels seen just before the release. Here is how things look […]

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EUR/USD – is 1.20 coming soon? Two opinions

August 22, 2017 Yohay Elam 0

EUR/USD holds onto its range quite nicely. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: Neutral Here; Stabilizing Before Attempting To Breach 1.2000-Level – BTMU BTMU FX Strategy Research thinks that EUR/USD is stabilizing around current levels before it attempted to breach the 1.2000-level. “The pair appears to be driven […]

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Buy USD/JPY targeting 111.50 – Citi trade of the week

August 21, 2017 Yohay Elam 0

USD/JPY started off the week with ith a drop under 109, but the team at Citi has other plans for the pair. Here is their trade of the week: Here is their view, courtesy of eFXnews: Currency investors should consider buying USD/JPY this week, advises CitiFX Research in its weekly FX pick. Citi recommends buying USD/JPY* […]

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USD: A Challenging September Before Better Prospects In Q4 – BNPP

August 21, 2017 Yohay Elam 0

The Jackson Hole Symposium is awaiting us at the end of the week, and already causing tensions for markets. What can we expect for the US dollar ahead of the big event and moving into September? Here is their view, courtesy of eFXnews: BNP Pariabs FX Strategy Research notes that the USD will face a […]

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Room For A Pause In USD Weakness Into Year-End – CIBC

August 21, 2017 Yohay Elam 0

The US dollar found its footing, stabilizing after long weeks of losses. What’s next? The team at CIBC already looks into the end of the year. Here is their view, courtesy of eFXnews: CIBC FX Strategy Research notes that policymakers in the US have appeared reasonably comfortable that inflation will start to heat up again. […]

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EUR/USD stable at 1.1750: to 1.20 or 1.15?

August 20, 2017 Yohay Elam 0

After a few weeks of significant advances, EUR/USD made a significant correction but never went too far. What’s next? Here is their view, courtesy of eFXnews: EUR/USD: Modest Consolidation; Near-Term Dips Buying opportunities – TD TD FX Strategy Research thinks the balance of risks favor some modest EUR/USD consolidation into Jackson Hole, especially noticing that it is […]

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