Trade Ideas
USD/TRY daily – Breaks above 2.1635/2.1717 are needed to indicate a bottom in place
• The idea that the decline from the 2.3893 top is nothing else but an internal 4th wave setback remains fully
Trade Idea: Selling EUR/USD
USD weakness following the Fed meeting provides an opportunity to enter shorts, argues Morgan Stanley
Credit Agricole: Stay AUD/USD Long
Constructive domestic data releases as well as stable risk sentiment has been keeping the AUD in demand of late.
Société Générale: EUR/USD View
EU elections threw up headlines as UKIP and the Front National scored notable gains. But financial markets were prepared for these results and
Deutsche Bank: EUR/USD View
Deutsche Bank is not convinced that ECB action in June will be enough to cause a big sell-off in the euro.
Credit Agricole: Stay GBP/USD Long, Targeting 1.70
The GBP has been supported, mainly on the back of better than expected retail sales data. The BoE minutes did not surprise in terms of the voting outcome.
Commerzbank Holds EUR/USD Short For 1.35
Last week EUR/USD formed a key day and week reversal and dropped through the eleven month support line a t 1.3797, notes Commerzbank.
This week the scorecard recommends buying GBP…
This week the scorecard recommends buying GBP, NZD and CHF while selling NOK, AUD and USD.
UBS: EUR/USD Buy Dips
EUR/USD: underwent a sell-off after the shocking French PMI data and printed a low of 1.3685 yesterday but then steadily inched up above 1.3700, taking out stops on the way.
Trade Idea: EUR/USD Longs For 1.38 Break
Credit Suisse and UBS turned to small EUR/USD longs as the pair remain comfortably above the 1.37 level aiming for an imminent break of the 1.38 level.
UBS: Sell Rallies In EUR/USD & AUD/USD; Buy Dips In Cable
EUR/USD: The pair stayed bid overnight, seemingly getting prepared for testing the January high at 1.3739 and the yearly high at 1.3776.
FX Trends daily: FOCUS NOK/SEK
The NOK/SEK has sharply bounced yesterday but the short term trend remains bearish below the key short term resistance at 1.0510 (Resistance line).