I posted earlier some of the longer-term forecasts from Jp Morgan (here: Long term FX rate forecasts from JP Morgan). Here are another set of forecasts for the longer timeframe traders out there, these from BoA Merrill Lynch:
Some technical analysis on the euro (specifically the EUR/USD chart) from JP Morgan, some reading for all you technical analysts for the weekend!
I don’t pay enough attention to the longer timeframe forex traders out there, apart from generally noting that we are in a golden period for them as divergent central bank policies have put in place long-term trends (in summary; USD … Continue reading
Good morning/evening/afternoon and welcome to the weekend! If you wish to compare thoughts, have a chat about the market, or any trade ideas, views, you would like to share and discuss with fellow ForexLive traders, please do so:
The GBPUSD rallied strongly as the Scotland vote came in with a “No” but that trend was reversed on Friday and the pair ended the week with a negative technical bias. Will that be reversed in next weeks trading? You … Continue reading
Forex headlines for September 19, 2014: Canadian August core CPI 2.1% vs 1.8% y/y exp G20 Communique draft: Growth measures will focus on boosting supply US August leading indicators +0.2% vs +0.4% expected Belgian consumer confidence remains at -11 Fed’s … Continue reading
There were rumors of a downgrade but Moody’s kept France’s Aa1 rating but also kept its negative outlook. There might be a chance to buy the euro here with the market still open but 99% of people gone home. Sees … Continue reading
Not to be outdone by the US, the UK puts a cherry on top of a great day with an affirmed rating from Moody’s.
U-S-A, U-S-A. Fitch affirmed the US government’s triple-A rating. Fitch sees the Fed hiking in mid-2015 Sees deficit hitting 3.8% of GDP in 2022 Deficit to rise starting in 2016 with current policies Sees deficit at 2.9% of GDP in … Continue reading