Westpac: Buy dips in NZD and sell EUR rallies

Look to buy dips in NZD/USD to 0.6620 with a stop at 0.6550.  Our process remains constructive NZD, even as risk assets have traded poorly after China’s easing last week. The s …
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Morgan Stanley Trade of the Week: Long EUR/USD

Despite EURUSD coming off its Thursday 1.1495 high, we remain USD bearish. The ECB meets on Thursday. In this respect, there have been two significant speeches recently. First, Aus …
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EUR/USD – Levels to watch

The move in EUR/USD looks overextended and I don’t think that this rally will just continue without a retracement first A bit of overreaction in the market and the odds that we w …
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EUR/USD jumps above 1.11 after good IFO data

German IFO Business Climate 108.0 vs 107.2 expected IFO Business Expectations 102.4 vs 101.8 expected Current Assessment 113.9 vs 113.0 expected This has helped the EUR/USD higher, …
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EUR/USD – Sovereign demand sub-1.09

Dealers report that there are bids from sovereign names resting below 1.09, which may keep the pair supported, at least ahead of the ECB press conference Stops in size reported at …
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EURUSD: Euro breaking support, building downside momentum. Waiting on Greece vote

EUR/USD: 1.0948 An early Europe squeeze to 1.1035 was as good as it got for the Euro today but still trading near its highs at the NY open. This changed when the above forecast US …
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HSBC Spot Desk – EUR View

 EUR$ –  At these levels, I maintain my bias to be short and to add on rallies.  Yesterday’s price action was telling –   EUR genuinely traded heavy despite the disap …
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CitiFX: Bullish USD/JPY, bearish EUR

USDJPY has had a decent move overnight and then as demand ceased has since reversed but don’t be disheartened by this price action, it gives us another dip to reload with the clo …
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EUR rises on Greek hope

It seems Greek PM Tsipras is willing to give in to some of the demands made by the creditors Greece is facing a “final deadline” this Sunday Failure to reach a deal by then wil …
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CitiFX’s top FX trades on Greek negotiations outcome

Citi FX Strat team recommends the following trades depending on the outcome of the Greek debt negotiations this weekend. Positive outcome –> buy USD/JPY Negative outcome –&g …
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