RBS: Has the Yuan downtrend ended?

Capital outflows and currency weakness have become less mutually reinforcing • The yuan thus appears to be depreciating in a more orderly fashion and seems less of a risk trigger …
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Major banks revise their GBP/USD forecasts; Deutsche thinks GBP has much more to go

Goldman revised their GBP/USD year-end forecast to 1.20 Citibank sees the pair trading at 1.20 at year-end as well Deutsche Bank thinks that it will decline even more The German ba …
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Bond yields decline to new record lows

The Swiss 50 year yield fell below zero for the first time All Swiss bond yields are now negative The US 10 year yield declined to 1.378 % earleir, its lowest ever Declining bond y …
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Goldman Sachs remains bearish GBP/USD

The nature of the consolidation has seemed corrective (counter-trend). A break higher than 1.3569 (23.6%) would advocate a more cautious/neutral stance. Through 1.3836-1.3846 expos …
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Citibank Spot Desk likes long AUDJPY and USDJPY

The moves in Japanese equities, US rates and gold have reversed enough that I think USDJPY will go higher over the next week or so. This is obviously contingent on a Remain UK Refe …
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Bank of America: Analysis of possible Brexit vote outcomes

Remain: ·         10% rally in GBP TWI at time of writing (Monday) – the bulk of those gains would likely be vs. JPY and CHF as risk-off trades are unwound. ·      …
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USD/JPY heavy after BoJ fails to deliver

The Bank of Japan decided to keep rates and the size of their QE programme unchanged While this was expected, the market is nevertheless disappointed with the reluctance of the BoJ …
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BREXIT IS A REAL POSSIBILITY – SO IS A EUROZONE CONTAGION FEAR REAL?

THE WEEKLY FX DRIVE THRU  INTRODUCTION: What a boring week in Forex. Well it was for me anyways. I covered several trades that I had held from NFP day and took losses, in particul …
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WHERE NEXT FOR THE USD?

THE WEEKLY FX DRIVE THRU INTRODUCTION: Wow… what a crazy end to the week, as NFP misses. Only 38,000 new jobs added in May, way below the expectations of 160,000 and then to rub …
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THE NIGHTMARE SCENARIO

THE WEEKLY FX DRIVE THRU INTRODUCTION: Last week was as they say…”One helluva week”. I made the decision ahead of the FOMC minutes release to basically have a clear out of ma …
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