Citibank Bank of England Preview

The BoE will stay on hold Thursday, with vote split likely unchanged. We like GBP and think it’s cheap even if the BoE is more dovish in October than September. This dovish shift …
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Goldman Sachs Spot Desk Strategies

EUR: A good number today should give us enough to get through close support at 1.1130 and the big level at 1.1087 where a clean break should bring out renewed selling. 1.1260 now t …
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Goldman Sachs Spot Desk Strategies

OVERVIEW => Our main bias remains on short AUD; we also like buying USDJPY on dips. Today we have Dudley speaking at 12:45 with Evans and Williams speaking this evening.  {AU} …
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Goldman Sachs Spot Desk Strategies

OVERVIEW => Y/day Yellen confirmed that her view was a 2015 hike with a more hawkish tone than the one at the FOMC: this should keep the EUR down. We run light risk with our mai …
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Societe Generale Spot Desk Commentary

EURUSD: USD got a lift from Yellen yesterday who said that she and most of the FOMC members anticipate a rate hike in 2015.  Perfect with our strategy as we had the opportunity to …
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JP Morgan books profit on GBP/USD short

Trade update on GBP/USD: We took full profit on our shorts from 1.5576 at 1.5223 ( 2.32%) The price action in the hourly chart suggests that the down-momentum is pretty much gone, …
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UBS Spot Desk Strategies

EURUSD  Sell rallies 1.1230 for test of 1.1130, s/l 1.1280  EURCHF  Sell around 1.0980, stops above 1.1000, target 1.0900  USDCHF  Sell 0.9825, stops above 0.9840, target 0.97 …
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Goldman Sachs Spot Desk Strategies

OVERVIEW => Yday the USD rose across the board, except vs EUR, in a volatile session that saw EMFX plunge on continued China growth concerns following last night’s Caixin PMI …
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Societe Generale recommends to buy EUR/NOK

Rationale : EUR/NOK is forming a head-and-shoulders pattern on hourly charts. Persistently weak oil prices and likely continued dovish message by the Norges Bank this week should k …
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Goldman Sachs Spot Desk Strategies

 OVERVIEW => Global equity indexes in red with SPX -1.3% and Eurostoxx -3.4% while EURUSD seems to have broken its risk correlation. Our favourite positioning remains short EUR …
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