All Blog Posts Tagged 'Cable' (79)

Target Trading in the Forex upcoming week of December 14, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2455. A couple of different scenarios:  1:  bullish: a move  above 1.2500 would target the R5 Resistance @ 1.2615 and then the R6 @ 1.2870). 2: Bearish : A break down here would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 103 pips.…

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Added by Scott Barkley on December 13, 2014 at 3:15pm — No Comments

Target Trading in the Forex upcoming week of December 7, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2289. A couple of different scenarios:  1:  bullish: a bounce off the S6 support to the upper day chart trend line @ 1.2450 area). 2: Bearish : A break down here or at the 1.2996 area would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 91 pips.…

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Added by Scott Barkley on December 6, 2014 at 3:35pm — No Comments

Target Trading in the Forex upcoming week of December 7, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2289. A couple of different scenarios:  1:  bullish: a bounce off the S6 support to the upper day chart trend line @ 1.2450 area). 2: Bearish : A break down here or at the 1.2996 area would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 91 pips.…

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Added by Scott Barkley on December 6, 2014 at 3:35pm — No Comments

UBS - This week's key points for currencies: ECB to cut deposit rate below zero in the week ahead

UBS - "The European Central Bank will be the focus in the week ahead, eclipsing the Bank of England, Reserve Bank of Australia and Bank of Canada policy decisions and America's ISM and payrolls releases. The risk of the ECB pursuing negative interest rates or expanding its balance sheet is set to keep the euro trading heavily into the Governing Council meeting. But the franc may incur more volatility in June if the Swiss National Bank matches any ECB decision to cut deposit rates below zero.…

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Added by Francesc Riverola on June 2, 2014 at 9:30am — No Comments

UBS - This week's key points for currencies: ECB speakers to keep euro a sell on rallies

UBS - "Financial markets are giving out inconsistent signals. A firmer yen, stronger Treasuries and bunds, weaker Eurozone peripheral bonds and lower stocks point to increased risk aversion. But the Swiss franc is weakening while commodity currencies are stable. The major currencies are more likely still to be driven by shifts in monetary policy. The Federal Reserve is set to keep tapering, helping the dollar recover from this year's lows. The likelihood of European Central Bank easing next…

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Added by Francesc Riverola on May 19, 2014 at 10:08am — No Comments

UBS - This week's key points for currencies: A Key Week For The Dollar

UBS - "The dollar continues to trade at weak levels against the euro, pound and Swiss franc as the Federal Reserve is still printing money and buying bonds. In the week ahead the Federal Open Market Committee is likely to taper its asset purchases by another $10bn to $45bn a month. We expect the greenback to rise across the board as the end of quantitative easing comes into sight by the autumn. But this month's FOMC decision may only provide marginal support to the dollar as the Fed will…

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Added by Francesc Riverola on April 28, 2014 at 9:19am — No Comments

UBS - This week's key points for currencies: FOMC minutes due in the week ahead

UBS - "The foreign exchange markets reacted to America's March employment report by favouring higher-yielding emerging markets and commodity currencies. But US data is unlikely to remain 'not too hot' to spur fears of Federal Reserve tightening and 'not too cold' to raise concerns about the recovery. Instead Friday's payrolls report clearly showed America's economy emerging from the winter slowdown. The Fed is thus on track to finish tapering its bond purchases by the autumn, raising the…

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Added by Francesc Riverola on April 8, 2014 at 10:37am — No Comments

UBS - This week's key points for currencies: When Doves Cry

UBS - "In the week ahead, most of the Fed's doves including Chairman Bernanke, New York Fed President Dudley, current FOMC voting members Evans, Rosengren and Bullard, and non-voting FOMC member Kocherlakota - are scheduled to speak. In addition, the October 29-30 FOMC meeting minutes will be released. Together, the upcoming communications will provide more insight into whether policymakers are willing to consider tapering as early as the December 17-18 FOMC meeting.

UBS Economics…

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Added by Francesc Riverola on November 18, 2013 at 12:01pm — No Comments

UBS - This week's key points for currencies: Payrolls still key for dollar despite geopolitical risks

UBS - "The new month starts with a high degree of event risk. The US may launch strikes against Syria as early as this weekend. In the week ahead, the European Central Bank, the Banks of Japan, England and Canada, the Reserve Bank of Australia and the Riksbank all hold policy meetings. The US August payrolls report is due at the end of the week, and emerging market currencies are likely to face further pressure if America's employment data suggest the Federal Reserve will agree this month to…

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Added by Francesc Riverola on September 2, 2013 at 9:59am — No Comments

UBS - This Week's Key Points: FOMC minutes central for dollar bulls

UBS - "The dollar index DXY remains at the bottom of its 81-85 summer trading range. Ten year US Treasury yields have traded through 2.80% for the first time in two years as America's economy continues to recover. But stronger Eurozone and UK data at the same time is preventing the dollar benefiting from the dovish stance of the European Central Bank and the Bank of England.

Nevertheless, we think the Federal Reserve's policymaking remains the key driver of foreign exchange markets. With…

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Added by Francesc Riverola on August 20, 2013 at 11:25am — No Comments

BTMU - Pound rebound vulnerable to reversal if BoE signals unease over higher rates

Bank of Tokyo-Mitsubishi: "The pound may continue to strengthen modestly in the near-term on the back of strengthening UK cyclical momentum. However, those gains are likely to prove limited and remain vulnerable both in the near-term and medium–term. In the near-term those gains could quickly reverse should the BoE choose to strengthen its forward rate guidance. One upcoming key event which poses some downside risk for the pound is on the 28th August when Governor Carney is next scheduled to…

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Added by Francesc Riverola on August 16, 2013 at 4:03pm — No Comments

HSBC - Cable is going down... How Far?

HSBC - "At the moment the market is seeing excellent UK data but only moderate-to-disappointing US data and that is pushing GBP higher. This is not a situation we believe will persist. UK monetary policy will eventually distance itself from the less dovish tone emanating from the US Fed. Such a divergence in policy is a rare event in UK-US economic history, and has been associated with GBP-USD weakness in the past. In addition, while the path of policy in both countries will be determined by…

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Added by Francesc Riverola on August 9, 2013 at 3:35pm — No Comments

HSBC - 10 days that will shake the world

HSBC - "Over the next 10 days the markets will be focusing heavily on the policy meetings of the big four

This week: Fed, BoE, ECB

Next week: BoJ, RBA (We expect 25bp cut), BoE Carney inflation report

For those with a weak constitution look away now, because on top of these policy meetings we have crucial data: US GDP data (important benchmark revisions), ISM, Payrolls

By the end of the week we may have a better understanding of where we stand on the tapering debate. This…

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Added by Francesc Riverola on July 30, 2013 at 10:25pm — No Comments

HSBC - Cable is going down

HSBC - "GBP-USD is likely to fall further. UK monetary policy is seeking to distance itself from the less dovish tone emanating from the US Fed. Such a divergence in policy is a rare event in UK-US economic history, and has been associated with GBP-USD weakness in the past. In addition, while the path of policy in both countries will be determined by the economic data, here too the risks are skewed towards the GBP weakness."

Added by Francesc Riverola on July 19, 2013 at 1:57pm — 1 Comment

RBS - GBPUSD Risks may be skewed to the upside in the near term

Royal Bank of Scotland - "We thought the summer would bring significant event risk for GBP crosses and we haven't been disappointed so far. The Bank of England (BoE) and ECB have unveiled a clear dovish bias but last week also saw Bernanke pushing back Fed tightening expectations. While it seems unlikely we'll get back to the abundant liquidity fuelled market rally of earlier in the year, a commitment to ultra loose Fed policy may provide some impetus for risk positive sentiment. GBP/USD has…

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Added by Francesc Riverola on July 15, 2013 at 2:14pm — No Comments

Rabobank - For Now We Would Favour Buying Cable on Dips

Rabobank - "Even if UK fundamentals suggest that sterling should be offer some support at current levels another burst of broad-based USD strength would still leave cable vulnerable. Later this week Fed chairman Bernanke will be speaking. He may give the market more reason to be optimistic on the US economic recovery. If this is the case cable will clearly be vulnerable. However, there is also a strong risk that Bernanke may also push back against the view that the tapering of QE is almost…

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Added by Francesc Riverola on July 9, 2013 at 9:22am — No Comments

UBS - Maintaining Downside Sterling Bias

UBS - "We have held a negative GBPUSD view for all of 2013, with our key argument being the likelihood of a major monetary policy shift in a dovish direction under the new Carney administration. We reflected this via a short GBPUSD trade recommendation established on 14 Feb (we bought a 6-month 15 Aug expiry 1.4800 strike GBP put / USD call with spot at 1.5500 for 0.9975% of face), arguing that both GBP downside and cable implied volatility were underpriced given the risks involved,…

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Added by Francesc Riverola on July 5, 2013 at 3:45pm — No Comments

Societé Generale - Buy forward downside in Cable

Societé Generale -

- "Sterling bearishness against both the dollar and euro is now the clearest directional signal from G10 risk reversals.

- Vols are getting more nervous with cable’s down moves, and the EUR/GBP skew has turned sharply to the topside.

- But risk reversals should calm down for now: Carney starts in just a month and we expect the dollar’s upwave to take a pause. In H2 the cable downtrend will resume and propel vols.

- We recommend trading this two-step…

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Added by Francesc Riverola on June 1, 2013 at 7:10pm — No Comments

UBS - This Week's Key Points: Fed exit talk too early but still favour the dollar

UBS - "The dollar remains our favoured currency for 2013. The US economy is likely to expand more than its peers. The Federal Reserve is set to exit uncoventional monetary policy before other major central banks. Dollar diversification by central bank reserve managers and sovereign wealth funds is subdued, and America's shale energy revolution is cutting its current account deficit. Our bullish view on the greenback has become more consensus now. But if the dollar does embark on a multi-year…

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Added by Francesc Riverola on May 20, 2013 at 5:28pm — No Comments

BBH - Technical View for the Week: EUR,JPY & GBP

Brown Brothers Harriman - "Euro: A large head and shoulders pattern is being carved out. The neckline is seen near the late March and early April lows around $1.2740. Below there is the low from last November near $1.2660, which is just below the $1.2680 retracement objective ($1.2680) of Draghi's OMT induced rally. The measuring objective of the head and shoulders pattern would carry the single currency below $1.20, our year-end target. The euro's 50-day moving average has…

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Added by Francesc Riverola on May 20, 2013 at 5:20pm — No Comments

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