# Analyst Corner

#Analyst Corner

Mario Draghi

EUR: Trading The ECB – Views From Major Banks

The following are brief expectations for the ECB April meeting statement as compiled from the related research reports of 7 major banks. Overall, they see the ECB on hold with a neutral to a slightly...
WTI OIL

Post-Rout Rally Likely for Oil but OPEC Concerns Remain in Place

Following a much larger than anticipated drawdown in US Crude Inventories, the recent oil rout is levelling out which means buying pressure is likely to be coming down the line in...
Mario Draghi

Euro bulls poised for hawkish ECB but Mario Draghi may disappoint

EURUSD seems to be looking for an excuse to assault the $1.10 level and the ECB could provide the ammunition. But it might also prove a big disappointment. The pair has so...
European Central Bank

EURNZD upside just getting started, ECB in focus

The long-term bullish wedge is playing out nicely and, even if it fails to reach the target in the year/s ahead, we remain confident the near to medium-term should provide bullish...
Bank of Japan

No Fireworks from the BoJ

Right on expectations and little change on JPY At some point, the BOJ is expected to slow the pace of JGB purchases, but with inflation remaining stubbornly below the 2 % target...
Canadian Dollar

CAD: Sell Into USD/CAD Rallies & Buy EUR/CAD

TD FX Strategy Research argues that USD/CAD looks expensive around current levels and if moves higher to 1.3650, the pair will be close to three standard deviations overvalued on TD valuation models. As such, TD...
Australia

Aussie Dollar Sets Up in a Corrective Structure

The Aussie Dollar has had a relatively rough week to date as the pair has reacted to a range of wildly swinging sentiment around the USD, as well as a disappointing...
US Dollar Japanese Yen

BoJ Report Setting the Dollar Yen up for a Tumble

In light of the fact that the BoJ is going to be thrusting the Yen centre stage in the next 24 hours as a result of its interest rate announcement, it’s...
Euro

Euro pushes higher as traders mull ECB policy shift

US and European markets continued to build on their gains of this week yesterday, with the US in particular looking particularly strong after strong earnings from industrial bellwether Caterpillar, which blasted...
Mario Draghi

Markets Focus On ECB

With the ECB meeting looming, expectations of Trump's tax announcement and the ongoing French elections, low volatility has the potential to rise once more. Topics Markets Focus On ECB Trump Tax Plan Debt...
US Dollar

USD surges on positive data

USD traders were upbeat today as the US economic data was much stronger than expected despite a minor blip. New home sales m/m stole the show lifting to 621K (583K exp), show...
Oil

Crude Oil and Precious Metals Diverge

Energy and precious metals diverged overnight, with crude oil holding its ground while the safe-haven unwind continues in gold and silver. Crude Oil Choppy trading in decent ranges was the theme of the...
Euro Vs Poud

EUR-GBP – The Most Important Pair

The Euro-Sterling pair has a great deal of importance amid traders given the political events which are folding. The euro is more than likely to continue its rally against the sterling. The...
Oil

Oil Trickles Lower as Gold Recovers

Oil continued its downward grind overnight as gold recovered some of its losses as President Trump’s first 100-days draws to a close. OIL Oil continued its bullish unwind overnight, with both Brent and...
Canadian Dollar

CAD: Canada Outperformer, CAD Underperformer: Where To Target?

CIBC FX Strategy Research notes that the turnaround in Canada’s economy over the past six months or so has been pretty impressive, as Canadian GDP growth appears to be accelerating above the...
New Zealand Dollar

NZD Looking Bullish for the Week Ahead

The Kiwi Dollar had an interesting week last week and saw some fairly volatile trading despite the broadly bullish trend. As a result, it is worth taking a closer look at...
Great British Pound

Cable Rallies to Precipitous Position. Which Way Will It Go in the Week Ahead?

The Cable had a tumultuous week as the U.K. Prime Minister, Theresa May, shocked the market with a snap election to strengthen her mandate for a Brexit. This caught the market off-guard...
European Central Bank

Macron Faces Le Pen in May, ECB & Fed vigilant of French Election Outcome

*Le Pen and Macron facing each other in round two on the 7th of May. *CAC and Euro pop while Bond yields drop but not for long. *ECB Needs to play it’s A-game. *Fed...
France

Macron Early Victory Over Populism Boosts the EUR

European equity markets are poised to start the week on a positive note on Monday after the first round of the French elections suggested that the populist wave that engulfed the...
London Stock Exchange

Debenhams shares get Sergio Butchered

Jitters ease but stocks little changed It was another jittery day for stock markets. Investors have been juggling multiple sets of corporate results while staying mindful of global geopolitics. That makes a...
France

French Elections could open Asia on Monday with a bang

As the polls close in France for round one of the presidential election, eyes will then shift to Asian markets to see how traders express their views on the event. France's election...
Swiss Franc

Swissy Heading for Further Losses Moving Ahead

The Swissy’s recent decline has been on pause over the past few sessions which cast some doubt on the likelihood of seeing a retracement all the way to the downside of...
France

French markets in focus ahead of this weekend’s vote

US markets staged a nice about turn yesterday after two successive days of declines after Treasury Secretary Steve Mnuchin hinted that a major tax reform plan was close, which appeared to...
Oil

Wolves Circle Oil and Gold Ahead of Le Crunch

Oil continues it’s bearish consolidation, while precious metals await this weekend’s French election. Gold has spent the overnight session consolidating to open quietly mid-range at 1281 this morning in Asia. The fact...
British Pound

GBP: To Stay Supported; Still 11% Undervalued

Barclays Capital FX Strategy Research expects the GBP to remain supported going into the snap UK general election, but notes that global sentiment amid geopolitical risks is likely to stay a key...
Australian Dollar

Long-term AUD Forecast Remains Intact Despite Recent Bullishness

The Aussie Dollar’s long-term technical forecast was in danger of being upset last week but the pair’s recent tumble back to support has revived the bear’s hopes for a major downtrend...
Japanese Yen

AUD/JPY Demonstrating Significant Confluence

The AUDJPY currency pair has convincingly trended lower over the past few months as the air has steadily leaked from the balloon that is the Australian economy. Subsequently, the market has...
Japanese Yen

EUR/JPY breaks the bearish streak as we head towards the French election

Sentiment has shifted in the Euro's favour in recent sessions, despite potential for Euro crosses to experience higher volatility as the French election looms. One of the key components that helped send...
Currencies

Unwind of the Unwind Continues

Not unexpectedly, price action is suggesting that both the G10 and EM FX complex are paring back bets heading into the weekend. While a pre-weekend position cull has been in vogue...
British Pound US Dollar

GBP: More Short Covering On UK Snap Election To Bring 1.3445 In Focus

NAB FX Strategy Research notes that the GBP has stages a significant rally in reaction to UK Prime Minister Theresa May's calling for a snap General Election on June 8th 2017. In...

LATEST

ECB to Reduce QE- Euro Vulnerable to Dovish Draghi

Mario Draghi
The European Central Bank (ECB) is widely expected to retain the zero-interest rate policy (ZIRP) as it...

EUR: Trading The ECB – Views From Major Banks

Mario Draghi
The following are brief expectations for the ECB April meeting statement as compiled from the related research reports of 7 major...

Dollar holds gains; Canadian dollar, Mexican peso surge on NAFTA relief

Canadian Dollar
The dollar only held its gains against the Japanese yen on Thursday after U.S. President Donald Trump's...

French stocks hit nine-month high as earnings power European shares

DAX
French blue chips hit a fresh 9-year high on Wednesday, helped by a surge in the shares...

Gold lower despite Trump tax plan worries

Gold
Precious metals traded in the red on Thursday with gold edging down, mostly led by decreasing global...
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