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Major Currencies Positioning & Forecasts – BNP Paribas

Major Currencies Positioning & Forecasts – BNP Paribas

Oct 24, 2014 16:23
Where are currencies headed next? Where will they be in one month and where will currency pairs trade in three months? Stability isn’t on the cards for quite a few...

Majors»

Forex Weekly Outlook October 27-31

Forex Weekly Outlook October 27-31

Oct 24, 2014 16:45
Currencies were mixed in the past week, with the greenback gaining against the euro and the yen, while sliding against the the Aussie and the loonie. The Fed decision is the...
  • GBP/USD Forecast Oct. 20-24
    GBP/USD Forecast Oct. 20-24
    The British pound showed some movement during the week but closed unchanged, at 1.6091. This week’s key events are...
    on Oct 19, 2014 13:50
  • USD/JPY Forecast Oct. 20-25
    USD/JPY Forecast Oct. 20-25
    The Japanese yen showed some strength last week, as USD/JPY touched 5-week lows. The pair closed at 106.87,...
    on Oct 19, 2014 12:12
  • EUR/USD Forecast Oct. 20-24
    EUR/USD Forecast Oct. 20-24
    EUR/USD had a wild week, where the weakness of the dollar beat the weakness of the euro and sent the pair higher...
    on Oct 18, 2014 15:00

Minors»

AUD/USD Forecast Oct. 20-24

AUD/USD Forecast Oct. 20-24

Oct 19, 2014 17:26
AUD/USD was marked by choppy trading this week and posted modest gains. AUD/USD closed at 0.8743. This week’s highlights are the RBA minutes and CPI. Here is an outlook...
  • NZD/USD Forecast Oct. 20-24
    NZD/USD Forecast Oct. 20-24
    The New Zealand dollar had an exciting week, alongside all the market, and in general, showed a lot of strength....
    on Oct 19, 2014 11:16
  • USD/CAD Forecast October 20-24
    USD/CAD Forecast October 20-24
    The Canadian dollar returned to its losing ways last week, as USD/CAD gained about 100 points, closing at 1.1275. This...
    on Oct 19, 2014 11:14
  • AUD/USD Forecast Oct. 13-17
    AUD/USD Forecast Oct. 13-17
    AUD/USD posted strong gains last week but then retracted, as the pair was unchanged at the end of the week. AUD/USD...
    on Oct 12, 2014 12:05

Basics & Industry»

Market Movers Episode #21: Bitcoin vs. Gold, Fed decision preview and China’s direction

Market Movers Episode #21: Bitcoin vs. Gold, Fed decision preview and China’s direction

Oct 24, 2014 13:20
Tension is mounting towards the US Fed decision that just became even more interesting. Is stimulus finally set to end in the world’s No. 1 economy? The question of...

Recent Articles

Forex Weekly Outlook October 27-31

Forex Weekly Outlook October 27-31

Currencies were mixed in the past week, with the greenback gaining against the euro and the yen, while sliding against the the Aussie and the loonie. The Fed decision is the highlight of the week, alongside Yellen’s speech, GDP in the US and Canada and two additional rate decision. These are a few of the events

Major Currencies Positioning & Forecasts – BNP Paribas

Major Currencies Positioning & Forecasts – BNP Paribas

Where are currencies headed next? Where will they be in one month and where will currency pairs trade in three months? Stability isn’t on the cards for quite a few pairs. Here is their view, courtesy of eFXnews: The following are BNP Paribas’ latest forecasts (end of period) for major currencies along with its estimates for

US new home sales slides to 467K – USD slide extends

US new home sales slides to 467K – USD slide extends

In September, new home sales stand at 467K (annualized). This is actually a 0.2% rise after significant downwards revisions. The revisions are more significant than the actual result in this case, as expectations stood on around 470K. US dollar weakness is extended after the publication. EUR/USD is on high ground at 1.2680, GBP/USD edging towards 1.61, USD/JPY

Shakes and Ladders

Shakes and Ladders

After suffering repeated convulsions in the past few weeks, global financial markets are on the rise once more. Most major bourses are sitting at elevated levels after evidence that the US employment market continues to accelerate in a stable fashion, and an improvement in European and Chinese purchasing manager indices helped to brighten the investment mood.

German PMIs did NOT forecast Q2 contraction – recession certainly possible

German PMIs did NOT forecast Q2 contraction – recession certainly possible

The euro was cheered by the fact that German manufacturing PMI beat expectations and returned to growth territory: 51.8 points – above 50 that separates growth and contraction. But does this really imply that Germany is out of the woods and can avoid a recession? Not at all. First of all, the data refers to October, which

Market Movers Episode #21: Bitcoin vs. Gold, Fed decision preview and China’s direction

Market Movers Episode #21: Bitcoin vs. Gold, Fed decision preview and China’s direction

Tension is mounting towards the US Fed decision that just became even more interesting. Is stimulus finally set to end in the world’s No. 1 economy? The question of stimulus is also very relevant to the No. 2 economy, China, after the very balanced GDP number. And, we begin with a discussion about bitcoin, by placing it in

This week in the markets: Pound loses out due to poor data

This week in the markets: Pound loses out due to poor data

The pound gradually fell against the dollar this week, as UK economic data and local market events continued to disappoint. MPC minutes on Wednesday painted a fairly dovish picture of what lay ahead for future monetary policy, suggesting that weaker growth and low eurozone inflation had increased downside risks to the UK. With average earnings

EUR/USD: Sensitive To Risk Appetite Anew; We Stay Long – Credit Agricole

EUR/USD: Sensitive To Risk Appetite Anew; We Stay Long – Credit Agricole

EUR/USD is down from the highs seen after the correction. Is it set to continue to lower levels, or is this a correction within the correction? Credit Agricole stays long with a target of 1.31, and explains exactly why: Here is their view, courtesy of eFXnews: The EUR has been supported of late, mainly on

U.S. Dollar Mixed After Higher Jobless Claims and NY Ebola Case

U.S. Dollar Mixed After Higher Jobless Claims and NY Ebola Case

The U.S. Department of Labor reported that Weekly Initial Jobless Claims had increased by 17,000 claims in the week ending on October 18th. Weekly jobless claims rose to 283K, compared to an expected decline to 269K and with the previous number revised slight higher from 264K to 266K. The four week average for jobless claims

UK GDP +0.7% as expected – GBP/USD ticks up

UK GDP +0.7% as expected – GBP/USD ticks up

No surprises from the UK: the economy grew at a pace of 0.7% q/q in Q3 according to the first read. Year on year, the economy grew 3%, also as expected. GBP/USD is moving up a bit, as a sort of “relief rally”. More: construction numbers look somewhat underwhelming and the index of services is also