BofAML: Why is the Euro rising despite Greek crisis?

Bottomline: Why is EUR defying gravity in the face of positive US data and deteriorating Greece negotiations? BofAML’s Head of APAC G10 FX Trading, Rob Ettinger and BofAML’s He …
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BNP Paribas: Short EUR/CHF if Greece situation gets worse

Prospects for a Greek deal are slipping away again as Athens’ Sunday night proposal was deemed inadequate by creditors. The talks lasted less than one hour with a EUR 2bn per yea …
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Greek uncertainty still main risk event

The latest set of talks between Greek officials and their creditors were abandoned without any compromise. EU-Commissioner Juncker was quoted on Reuters as saying that he is convin …
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BNP Paribas FX Positioning Analysis

Positioning indicates that the NZD could find support on profit taking following the RBNZ rate cut. There continues to be considerable scope for long USD positions to be built if Q …
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Bank Station- “Mind the Gap”

That’s what the FX market is calling the new norm for the FX market, a “Bank Station” event! I suffered last night with my stop in USD/JPY getting triggered above 124.10, whe …
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USD/JPY bounces; 123.80 resistance eyed

USD/JPY has managed to recover somewhat after comments from BoJ Governor Kuroda have sent the pair 200 pips lower yesterday BoJ is not happy with USD/JPY above 125 and that should …
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USD/CAD – 1.2160/65 in focus

USD/CAD takes out another solid support level at 1.2250 Loonie supported by broad USD weakness and the rally in Oil prices WTI is back above $61 and up more than 2 % on the day Key …
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Goldman Sachs Spot Desk View on JPY

GS: JPY – Kuroda stops USDJPY in its tracks, suggesting that the Yens excessive rises have been corrected in the past 3yrs, and that the Yen may not weaken much further on real e …
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London FX Flows Update

AUDUSD: 57% bias towards buying with leveraged names, corporates and real money investors all buyers of spot. Banks are the only net sellers.  USDJPY: The flows have no bias now. …
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EUR/USD choppy as Bund yields rise above 1 %

EUR/USD touched a high of 1.1380 earlier, as the German 10 year yield broke above 1 % and reached 1.05 % Intraday volatility remains high; likely to persist, as bond markets contin …
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