What is the outlook for the non-USD crosses? Here is their view, courtesy of eFXdata: Citi Research flags a scope for further weakness in the commodity bloc (AUD, NZD, CAD) against (JPY, CHF, EUR). “AUD & CAD, NZD are likely to weaken on non-USD crosses (Safe Havens, Euro bloc),” Citi notes. “JPY, Gold, CHF & now EUR – Common to JPY, CHF and EUR is the expectation that neither of these central banks (ECB, BoJ and SNB) will cut rates further and are only likely engage in targeted liquidity provisions instead. This adds to the safe haven status with Yen also benefitting from the drop in Japan pension fund selling of Yen, and EUR and CHF supported by the unwinding of EUR and CHF – funded carry trades. Finally, the “low for longer” rates theme continues to benefit Gold,’ Citi adds. For lots more FX trades from major banks, sign up to eFXplusBy signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next Australia: Non-food retail drowned in January – ANZ FX Street 3 years What is the outlook for the non-USD crosses? Here is their view, courtesy of eFXdata: Citi Research flags a scope for further weakness in the commodity bloc (AUD, NZD, CAD) against (JPY, CHF, EUR). "AUD & CAD, NZD are likely to weaken on non-USD crosses (Safe Havens, Euro bloc)," Citi notes. "JPY, Gold, CHF & now EUR - Common to JPY, CHF and EUR is the expectation that neither of these central banks (ECB, BoJ and SNB) will cut rates further and are only likely engage in targeted liquidity provisions instead. This adds to the safe haven status with Yen… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
