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BNP Paribas recommends going long GBP/CHF by Milan Cutkovic

This is a new recommendation from the French bank BNP Paribas: We re-enter long GBP exposure via a GBPCHF buy recommendation. Upward revisions to UK GDP highlight UK economic outperformance. BoE rate expectations are too conservative while GBP positioning is flat. We recommend buying GBPCHF at 1.5489 targeting a move to 1.62 with a stop […]

EUR/CHF – Rumors about SNB activity by Milan Cutkovic

Market is talking that the SNB has been active in the market on the recent dip to 1.2050 There were also rumors the last few times the pair was trading around that level Likely to be false, but speculators are buying on this rumor and the herd behavior is doing the rest  

US stocks: 1st trading day of month by Mary McNamara

The first trading day of the month is often positive for stocks so we shall see how the US navigates this particular day this month. The main US stock indices held above key support levels to see out September but this is no guarantee they will stay that way. I’m on the lookout for signals of […]

Intraday players continue to sell Aussie by Reece Marini

AUDUSD M30 The smart money was seen selling the Aussie during yesterdays trading session on the 1:1 (Purple) at 0.87600 but by the end of the day the market was again looking to test the 1:1 high ahead of the Chinese Manufacturing PMI and Australian retail sales data. The data come in as expected for […]

Session Data for Wed Oct 01 (GMT-5:00 ET)

Sticking to the crosses for some shorter-term opportunities by Sean Lee

My longer-term fundamental view remains unchanged, the EUR, JPY and USD will struggle amid CB easy-ness and the commodity currencies will strengthen over time. The market has started buying USD in the mistaken belief that the Fed will significantly change its policy direction. We will see small changes, but no directional change. This is probably […]

USD vs Gold & Silver by Mary McNamara

Silver and Gold have suffered significant losses with the continued rise of the USD and both metals are still in decline. Their only hope could be that the USD index might stall at a key resistance trend line that lies just ahead of it. The direction that the USD takes from this major intersection will […]

Barclays Month-End Flows Forecast

We expect the rebalancing of hedges at month-end to lead to small USD selling. A stronger USD has led to significant shifts in the market value of bond markets in the euro area, UK and Japan. The recent shift in Fed rhetoric suggests a higher risk of an earlier rate hike, whereas policy easing has […]

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