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Credit Suisse, Barclays, UBS, SocGen: Where To Sell EUR/USD Credit Suisse: "EURUSD has been capped below the 50% retracement of the recent fall and the 55-day average at 1.1117/32, and reversed lower. Beneath 1.0925 can open up a retest of the more important price lows at 1.0819/09. Near-term resistance moves to 1.1022. Above 1.1080/85 is needed to retest 1.1117/32."Barclays: "The move below nearby support in the 1.0925 area encourages ...
Credit Agricole - Where To Sell Bounces In the very short-term further position-squaring related upside risk cannot be excluded as tighter monetary conditions as driven by the Fed and intact uncertainty as related to China may keep risk sentiment unstable. Most recent China PMI releases keep investors’ growth expectations strongly muted.However, from a broader angle, we expect risk sentiment to stabilize anew. This is mainly due to ...
Adam has two decades of experience in the industry as a trader, analyst and system developer, covering the full range of liquid markets and timeframes from scalping to long-term investing. He has traded privately for his own account, held a number of positions for investment firms, spent a few years at the Nymex, and now is a Managing Partner and CIO at Waverly Advisors - a boutique research and advisory firm for which he writes daily market commentary ...
Deutsche Bank About Before And After The Greek Referendum - strong pressure on the Greek economy irrespective of this weekend's referendum: Sunday’s Greek referendum appears too close to call but irrespective of the outcome there is unlikely to be an immediate resolution to the crisis the next day, says Deutsche Bank. "A "yes" vote would be significantly more likely to lead to a quicker agreement with the creditors, ...
FED, ECB, Greece: "The Greek Referendum will drive headlines for the near-term. We believe that divergence of monetary policies is a more powerful EUR driver than Greek risks. In this context, the timing of the first Fed rate hike (September is our call) and the ECB’s tone (the market misread the ECB’s message to get used to volatility) are more important for the euro than Greek headlines. Whilst Greek headlines and deadlines are clearly ...