EUR/USD: Here Are The Trades We Like - SocGen "Market volatility has been elevated following the Chinese FX regime shift and has remained so despite the Fed delaying its rate lift-off. Pressure on risk assets have persisted, and the fragile market sentiment is restraining G3 bond yields, which are in turn constraining EUR/USD and USD/JPY in tight ranges""We like shorts in CHF/SEK as the case for such negative rates in Sweden slowly fades.""We ...
The dovish FOMC was on Thursday at 19:00 GMT so the major banks are made a forecast about the USD after FOMC. Morgan Stanley: "Long USD positioning is vulnerable over coming days and perhaps weeks...But USD Impact Temporary. Our structurally bullish USD view has never been Fed-focused. Rather, our framework is built on the reduced investment attractiveness in much of the rest of the world. Any setback in the USD is likely to be short-lived ...
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 ...
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