Tag Archives: EUR/CAD
US Morning Update
The main ‘mover’ during the London morning was the GBP again, around the release of the May CPI inflation data.
BNP Paribas: FX View
The top ten views we originally outlined in our year-ahead publication last December remain in place. To review, our 2014 top ten were:
BNP Paribas increased its short EUR exposure
BNP Paribas increased its short EUR exposure via a fresh short position in EUR/GBP.
Opportunities Away From The FX Majors
As the market in general remains frustrated with the lack of a clear trend in G3 currencies, we highlight significant opportunities outside of these currencies.
Risk-Reward Attractive For EUR Shorts Ahead Of ECB Meeting
The ECB will be in the spotlight in the coming week. April’s CPI was not weak enough to make a policy move likely this week but not strong enough to rule one out altogether.
US Morning Update
A cautious tone was apparent during the London morning with European equities continuing to slide, following similar losses in NY and Asia overnight.
US Morning Update
It does appear that some small stops were triggered in GBPUSD following the weaker Services PMI. Otherwise, G10 activity was very limited this morning.
US Morning Update
Judging by the G10 ranges during the London morning, turnover has probably been quite low ahead of more important data and events as the week moves forward from here.
US Morning Update
EUR or USD strength is a necessitating component of commodity bloc weakness, but neither showed any signs of returning during the London morning.
US Morning Update
The London morning in spot G10 was generally characterised by more EUR weakness, but the crucial factor here is where that weakness was concentrated:
US Morning Update
The USD’s performance has become increasingly more mixed each morning this week. This has been helped by long USD position covering and
US Morning Update
The USD was mostly stable-to-higher during the London morning, with the DXY now sitting just above its 30-day moving average and at about the middle of yesterday’s range.