Week Ahead: Relative Value Trades With Degrees of Separation From The Brexit Trade Credit Agricole was analysiing the Brexit situation onto the forex price movement with the taking into account the pairs with the good degrees of the separation from the Brexit trade for example: "Our preference still is for relative value trades like long AUD/NZD.""We stick with our long USD/CAD call as we maintain our constructive view on USD overall especially against G10 commodity ...
Markets continued to wobble in the post-Brexit week, with recoveries seen in many currencies. The first full week of July features the buildup to the US Non-Farm Payrolls, the Fed’s meeting minutes and key speeches among other events. These are the market movers on forex calendar. Australian rate decision: Tuesday, 4:30. Economists still expect the RBA’s move will be postponed to a later date such as June 2017.Mark Carney speaks: ...
Great Britain voted to leave the European Union. Markets yesterday bet they would stay, and now the fallout is great. Eric Wiegand, senior portfolio manager at U.S. Bank Wealth Management: "With last night’s result, that’s certainly unwinding. It caught the consensus on the wrong side yet again. Complacency had crept back into the markets."Bob Stovall, U.S. equity strategist at S&P Global Market Intelligence: "Falling prices will ...
Weekly Outlook: 2016, June 26 - July 03 The Brexit decision had huge market implications with a crash for the pound, falls for other risk currencies and gains for the dollar and the yen. Apart from the Brexit aftershocks, we have US and Canadian GDP data, US Consumer Confidence and other events. These are the major events on forex calendar. US GDP( final Q1): Tuesday, 12:30. U.S. economic growth ...
Weekly Outlook: 2016, June 12 - June 19 Risk off sentiment dominated during most of the week, but things reversed later on. It’s all related to the UK’s EU Referendum which happens in the upcoming week. Apart from this, two testimonies from Janet Yellen, US Durable Goods Orders and German surveys will play a role around the big vote. These are the highlights on forex calendar. German ZEW Economic Sentiment: Tuesday, 9:00. ...
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