HSBC: ECB Tomorrow. What to expect?

Since the 2013/2015 US taper seems like a pretty good analog to the ECB story, the chart below is a reminder of the time...

HSBC on RBA decision. The next move is set to be up

The RBA held its cash rate steady at 1.50%, which was no surprise. However, for some, the neutral tone of the post-meeting statement, which...

Morgan Stanley Trade of the week

Morgan Stanley is closing EUR shorts. Despite the universally strong reading of the US February labour market report, the USD came under broad selling...

Barclay’s Catalonia update: Critical week

Following the referendum this weekend, the regional government of Catalonia has called for a general demonstration on Tuesday. The more radical members of the...

Changing view on sterling: early elections a game-changer

This morning's announcement from PM May of a snap general election on the 8th June is in our view a game-changer for both the...

USD/JPY: Range term in near term, higher in medium term

We remain bullish that the USD/JPY will rise to over-115 in the medium term. This week we continue to focus on news indicating the...

BNP Paribas: Bearish USD sentiment at six year extreme ahead of NFPs

Bearish sentiment towards the USD is at a six-year extreme, according to BNP Paribas FX Positioning Analysis. We expect Friday’s July nonfarm payroll data to show...

BNP Paribas: EURGBP downside after Article 50

The Brexit news flow should slow down - European Council President Donald Tusk has said that he will present the draft of Brexit guidelines...

Unicredit: Post-FOMC, pre-BoE trading

The USD crumbled across the board yesterday. Our interpretation of the market response to the Fed hike and communication is that investors believe that...

Societe Generale: An excess of Euro longs?

CFTC data show another jump to a new multi-year high in long Euro positions on the IMM, trumping Friday’s jobs data. It's hard to...

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