Week Ahead by Crédit Agricole: NFP, RBA, FX Wars, GBP Squeeze, Sell AUD, NZD Rallies "The calm maybe deceiving and the bulls maybe heading to a ‘China’ shop. Indeed, potential disappointments from the China PMIs could well halt the risk bounce in its tracks. Apart from the RBA, which may sound extra dovish just to keep AUD from bouncing further, there will not be many central bank speeches to sooth market nerves further.""We remain ...
The total value of retail sales in Australia added a seasonally adjusted 0.4 percent on month in November, the Australian Bureau of Statistics said on Friday - standing at A$24.774 billion. more...
Trade Ideas For EUR/USD, USD/JPY, AUD/USD, USD/CAD - UBS EUR/USD: "We think the move lower will continue and any disappointment in today's US data would provide an opportunity to add to shorts towards 1.0820/30." USD/JPY: "The pair will be a risk play today so follow whatever equities do. As it is Friday, some market participants may want to take positions off of the table. Look to sell USDJPY ahead of 123.00, with a stop ...
US Dollar Forecast – US Dollar Gains Despite Fed Reticence, Is a Risk Shift Afoot? The big day has come and gone. The Federal Open Market Committee (FOMC) voted 9-1 to keep the range for the benchmark interest rate between 0.00 and 0.25 percent. British Pound Forecast- GBP/USD Risks Larger Post-Fed Advance Amid Narrowing Race With BoE GBP/USD may continue to retrace the decline from the previous month as the Bank of ...
US Dollar - "We are thus headed into another week of uncertainty for the US Dollar, S&P 500, and other key assets. It is worth noting that FX volatility expectations have fallen for the week ahead. Yet it’s likewise clear that a bumpy Sunday market open in China, Japan, and other key markets could change that in a hurry. A US holiday on Monday the 7th may make for relatively illiquid market conditions, and caution is advised on what could be another challenging week for FX traders." ...
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