Trade Ideas
Buy USD Now
Take “Considerable” Care of Fed Wording: Plosser doesn’t like it, and we can assume from recent comments that Fisher doesn’t either,
Buy USD/CAD – Barclays
Investors following tactical strategies should consider buying USD/CAD this week, advises Barclays Capital in its weekly FX pick to clients.
FX Trading Ideas to Play This Week
RBS is out with a note outlining some tactical FX trading ideas to play this week.
Trade Ideas For Q3
Short EURJPY. Recent developments on inflation support our call that the yen has bottomed against the USD.
We remain long USD
Yesterday BNBP Paribas opted to take partial profit on long USD exposure, closing out its long USD/CHF provision from 0.8044 for a 1.3% gain.
Time To Sell Cable
GBP/USD has been testing a historically pivotal area around 1.7040-1.7170 but has failed to sustain a rally through there, notes Citi FX Technicals.
GBP/USD hourly– Only a decisive break above 1.7050 would eliminate the setback risk
• The market is still struggling with key-pivotal resistance 1.7044/49 (2009 high/2005 low) which needs to
EUR/USD hourly – A break above 1.3676 is needed to open additional upside
• The market has finally managed to trade away from key-support at 1.3477 (2014 low) which supports our view that a stronger bounce (wave 2 or wave B) could be looming.
EUR/GBP weekly– Make or break at 0.7961!
• Having already exceeded the internal 76.4 % retreatment at 0.8005 quite a bit, chances of running into