Morgan Stanley Trades of the Week: Buy USDCAD and USDSGD

Buy USDCAD at 1.2870 with a target of 1.3400 and stop at 1.2720. Buy USDSGD at market with a target of 1.44 and stop at 1.34. The post Morgan Stanley Trades of the Week: Buy USDCAD …
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THE BULLY BOYS ARE OUT REGARDING THE BREXIT

THE WEEKLY FX DRIVE THRU INTRODUCTION: The USD came back with a vengeance last week. All you have to do is look at the DXY chart below to see that there is a desire to own the gree …
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Societe Generale Chart of the Day: EUR/CAD

EUR/CAD faced stiff resistance near confluence of channel limits at 1.55/1.60 earlier this year and embarked on a retracement. It confirmed a double top and has almost achieved the …
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Bank of America on USD/JPY and possible intervention

Indeed we see USD/JPY approaching a policy zone soon : The diplomacy costs of intervention (ongoing US Presidential race; upcoming G7 Summit) may still dominate at ¥105, but the d …
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Nomura thinks RBNZ will cut rates in June

Overall, the statement continues to suggest that the RBNZ is likely to cut rates in the near future because of the deterioration in inflation expectations, the strong NZD and deter …
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USD/JPY breaks lower; key levels to watch

USD/JPY continues to post fresh lows after the BoJ decided to keep its monetary policy unchanged First support can be expected at the current 2016 low at 107.63 A break below would …
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Highlights from the FOMC Statement

FED REMOVES LANGUAGE FROM PRIOR STATEMENT THAT STATED GLOBAL, FINANCIAL DEVELOPMENTS CONTINUED TO POSE RISKS FED VOTE IN FAVOR OF POLICY WAS 9 TO 1, GEORGE DISSENTED, PREFERRING TO …
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UBS FX Flows

EURUSD: The EUR was aggressively sold against the dollar, marking the fifth consecutive week of outflows, on the back of heavy selling by hedge funds. Private clients’ buying off …
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IMMINENT TROUBLE AHEAD FOR THE EUROZONE

THE WEEKLY FX DRIVE THRU INTRODUCTION: Before starting this weeks blog and getting into overdrive, I have to say that I have been heeding my own advice over the past three / four w …
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ARE WE STILL IN A DIVERGENT MONETARY POLICY ENVIRONMENT?

THE WEEKLY FX DRIVE THRU INTRODUCTION: So, last week was quite an amusing week. Looking back, the main events were: the dentist for me; the vet for my dogs, the snow has finally cl …
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