All eFX Articles

All eFX Articles

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB
20 Feb 2017 00:06 EDT
EUR/USD: Neutral: In a 1.0580/1.0750 range. EUR registered an ‘inside day bar’ last Friday but closed near the low of the day. While there is no change to the current neutral view, the...
EUR: 2 Important Themes In Play: Impact On EUR/USD Direction - Nomura
19 Feb 2017 22:22 EDT
There are two important themes currently apparent in the euro area: 1) the strong recovery in inflation and in the economy, and 2) political risks ahead of the elections. Both these themes are euro...
USD, EUR, JPY, GBP, CHF, AUD, NZD: Weekly Outlook - Morgan Stanley
19 Feb 2017 20:19 EDT
USD: The Split USD. Neutral. US data has continued to come in on the strong side, supporting our argument that the US output gap is closed and inflation should pick up. However, US real yields have...
IMM Report: CAD, AUD, NZD Are The Only Currencies Held Net Long Vs USD
19 Feb 2017 18:00 EDT
Data in this report cover up to Tuesday Feb 14 & were released Friday Feb 17. This week’s swings in sentiment were limited to positive adjustments for CAD, AUD, JPY and CHF with a build in...
CAD: Are Markets Wearing Rose Colored Glasses? Where To Target USD/CAD? - CIBC
19 Feb 2017 18:54 EDT
The Canadian economy’s been looking a bit brighter recently. But are markets too optimistic about a BoC rate hike? Hiring has been strong, but somehow hours worked have actually declined. The...
Week Ahead: Risk On But For How Long?; Staying Short EUR/USD - Credit Agricole
19 Feb 2017 10:40 EDT
Recently, global stocks have hit multi-year and (in the case of the US) record highs, while global bond yields and commodity prices remain close to their most elevated levels in years. The positive...
GBP: Hard Brexit Moving Closer: Time-Line & Targets - Danske
17 Feb 2017 16:48 EDT
We still see potential for further GBP weakness in the near term as the triggering of Article 50 moves closer. We target EUR/GBP at 0.87 in 1-3M but stress that the risk is skewed on the upside...
CHF: SNB Allowing EUR/CHF To Fall; Looking To Sell As A Political Hedge - Morgan Stanley
17 Feb 2017 15:12 EDT
We continue to expect the SNB to smooth the downside in EURCHF but only to manage volatility and no longer to manage a level. In times of market uncertainty in the Eurozone and peripheral spread...
GBP: Sterling By Far The Most Undervalued Currency According To L/T Valuation Models - SEB
17 Feb 2017 13:27 EDT
GBP: By far, Sterling is the most undervalued of G10 currencies, in trade weighted terms standing almost 20% below its long-term fair value (LTFV) and by over 30% against the most expensive...
USD: A Week For 2 Halves: What's Next & How To Trade It? - BofA Merrill
17 Feb 2017 11:49 EDT
The week was a story of two halves for the USD. A good meeting between Presidents Trump and Abe, strong US data, including higher than expected inflation, and a somewhat hawkish tone by Yellen...