All Blog Posts Tagged 'USD' (1,136)

RBSM: Amplifying Global FX- US housing recovery elusive

"(...)US housing sluggish to resume gains and is a factor keeping the USD from a stronger performance.

The NAHB US Housing market index, one of the most current/forward looking housing indicators was softer than projected and remained below the neutral 50 line for a third month in April. The housing market appears to have lost momentum since around mid-2013. Prices are still up significantly from lows, but activity growth appears…


Added by Daologic on April 16, 2014 at 4:02am — No Comments

TD: Morning FX Outlook- USDCAD


USDCAD: Building a Base

Open 1.0995     Range 1.0960/1.1001c   Prev. Close 1.0962…


Added by Daologic on April 15, 2014 at 12:12pm — No Comments

BMO FX Strategy Daily: USDCAD

"(...) Option-related expiries and better demand for USDs appeared to be largely responsible for the test of the 1.100 level in USDCAD.  We expect the 1.100-1.103 range to cap rallies ahead of the BoC tomorrow, but the coming days are going to see the CAD in the limelight once again.  The pre-Easter lull in…


Added by Daologic on April 15, 2014 at 12:07pm — No Comments

Rabobank FX: Disinflation and the G10


The USD index is bouncing along the bottom of a long term downtrend and since disinflation has also been evident in the US, the soft tone of the currency no doubt has been quietly welcomed by the US authorities.  A stronger USD, however, would provide strong relief for other central banks.  Yesterday’s solid US retail sales data has helped support the greenback, but a whole round of better US data is likely…


Added by Daologic on April 15, 2014 at 9:53am — No Comments

JP Morgan Currency view: USD Technicals

  "The backdrop for the short term USD view has deteriorated over the past several weeks while raising the risk that a deeper corrective phase is underway. Importantly, this follows the failure against a number of important resistance levels for the DXY, JPM USD Index despite signs of a potential upside…


Added by Daologic on April 14, 2014 at 3:30pm — No Comments

JP Morgan Currency view: EURUSD technicals

"The big question whether a countertrend rally top is already in place at 1.3967 remains unanswered for the time being. The prospects of this being the case are however remaining good as long as 1.3898 (minor 76.4 %) is not broken decisively. That said and in order to confirm the countertrend rally top, it takes…


Added by Daologic on April 14, 2014 at 1:30pm — No Comments

TD: Morning FX Outlook-FX Set-up: Draghi—Keeping the Threat Alive

"FX Set-up: Draghi—Keeping the Threat Alive…


Added by Daologic on April 14, 2014 at 12:00pm — No Comments

Deutsche Bank: IMM Commitment of Traders - USD turns net short, AUD positions flip long

"After seeing long positions cut for nine consecutive weeks, USD net implied positioning turned short for the first time in six months, moving from 4% of open interest to -5%. The TFF report showed that hedge funds increased short positions while asset manager continue to add dollar longs. Speculative EUR longs fell for the third consecutive week, led by hedge funds. Speculative JPY shorts…


Added by Daologic on April 14, 2014 at 10:04am — No Comments

Rabobank Global Daily 14/4 - ECB takes aim at the EUR

"Market comments

ECB President Draghi took clear aim at the EUR on Saturday by remarking that “a further strengthening of the exchange rate would require further stimulus”.  The comments came following the spring meetings of the IMF and World Bank.…


Added by Daologic on April 14, 2014 at 8:00am — No Comments

USDCHF - 3 reasons to short this week

A sequence of 3 up weeks ended with strong selling last week - emphasising the importance of a 50% correction point. There are 3 main reasons we look for the downside to extend.                

1) Prices are 'hugging the lower end of a negative Keltner channel.                                                         2) The key 13 day moving average is capping rallies.            

3) CHF showing broad strength.   


Potential for .8712 and .8676.…


Added by Alan Collins on April 14, 2014 at 5:59am — No Comments

UBS FX Comment - Pain, Positioning and Policymakers

"The pain trade in the currency markets is the renewed weakness of the dollar against the euro, yen, Swiss franc and Australian dollar. Despite US jobless claims falling to its lowest levels since 2007, the greenback has been sold since March's Federal Open Market Committee minutes were published. In the very near term dollar longs may still be cut. But the market's position adjustment is also painful for policymakers outside the US seeking weaker domestic currencies against the greenback.…


Added by Daologic on April 14, 2014 at 5:30am — No Comments

BBH MarketView: Dollar Breakout or Range-Bound ?

"Dollar Breakout or Range-Bound?

The US dollar had a difficult week. It lost ground against all the major currencies. Falling interest rates, sparked by the FOMC minutes that reassured investors that an early US rate…


Added by Daologic on April 14, 2014 at 5:30am — No Comments

TD Securities: Weekly technical outlook USDJPY

  USDJPY’s slide to the low end of the Feb-Apr consolidation range leaves the USD looking delicately poised. With daily cloud support failing to hold the market this week, the gently rising range (bear flag) developed over the past few weeks may be heralding more pronounced USD weakness ahead. A clear push below…


Added by Daologic on April 14, 2014 at 5:24am — No Comments

TD Securities: Weekly technical outlook EURUSD

A drop under short-term support at 1.3870 should see the EUR ease back to 1.3775/00 at least.

 EURUSD is again testing the waters above long-term trend resistance of the 2008 peak after rebounding from weekly channel support at 1.3695. Gains may well be constrained by stronger (more recent, more…


Added by Daologic on April 14, 2014 at 5:00am — No Comments

FOREX forecast 14.04.2014

EUR has lost almost 50 pips since Friday's close, seems that dollar recovery is going on at the moment. It can be stopped only above 1.3875 as the price is below that and below 1.3850 further downside is expected with targets below 1.3820. The pair is quite well supported around 1.3800 and any dips to there will be used to open a new LONG positions.

GOLD has bulit a new support at 1319 and as the price is above that more upside is expected. Next resistance is 1335, to continue the upside…


Added by Vladimir Mihaylov on April 14, 2014 at 4:31am — 2 Comments

RBS: Technical outlook weekly GBPUSD

GBP/USD –the price formed an evening star candlestick pattern (circled on the chart above) near a key 1.6812 resistance, being formed by the 138.2% Fibonacci projection from the Jul-Oct 2013 impulse wave. Also, weekly MACD had turned bearish, indicating a long-term change in sentiment looming. These signals…


Added by Daologic on April 14, 2014 at 3:51am — No Comments

Rabobank FX Outlook 11/04 - EUR resilience again

"The EUR remains reluctant to yield ground

The buoyancy of EUR/USD has been a theme that has wrong-footed many investors over the past two years.  While we anticipated that USD weakness would allow EUR/USD to remain well supported in 2013, more recently we have been arguing that the improvement in US…


Added by Daologic on April 12, 2014 at 5:00am — No Comments

Deutsche Bank - The Week in FX - Dollar's desert exile soon to end

"Dollar’s desert exile soon to end For many market participants, there appears no end to dollar disappointment. For James Malcolm, this is the best reason yet to hope for a turnaround. He argues that the structural legacy long in dollars has washed out, and…


Added by Daologic on April 11, 2014 at 2:30pm — 1 Comment

BBH MarketView: ECB Action: Just a Matter of Time?

"ECB Action:  Just a Matter of Time?

The Managing Director of the IMF and the chief economist are making no bones about it. More action by the ECB is inevitable. It is "just a question of timing," says Lagarde and "sooner was better than later", chimed…


Added by Daologic on April 11, 2014 at 2:30pm — 1 Comment

RBSM: FX News, Themes & Views | US | 11th April


 Correlations between USD/JPY and Japanese equities have become more erratic. But Nikkei's 2.4% decline today brings Year-to-date falls above 14%. Anticipate more pressure on those sitting more in hope than expectation on remaining JPY shorts.

 Potentially a downside risk for USD/JPY next few days is a higher USD/CNH and USD/CNY. Levels of complacency have been running high that (a) the USD/China up move stalls…


Added by Daologic on April 11, 2014 at 10:24am — No Comments


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