USD/JPY Weekly Forecast June 6 -10 2016

Fed June rate hike is currently under huge question considering very disappointing data posted on nonfarm payrolls on Friday. Increase of only 38k is lowest level for more than last five years and implying a question whether labor market is progressing as expected by Fed officials. Market expectations on June/July rate hike has been significantly […] USD/JPY Weekly Forecast May 30- June 03 2016

As June FOMC meeting is approaching market expectations on rate increase decision are increasing. Such sentiment is supported by several Fed members commenting potential future FOMC decision. During last week St. Louis Chief Bullard expressed his view that positive current developments on labor market might influence future raise in inflation, and in this sense, he […]

Neutral outlook on EUR from Morgan Stanley.

According to the analysts from Morgan Stanley EUR/USD will fluctuate in the current range in the near term. “We expect EURUSD to be driven mainly by the USD leg in the short term, supporting some downside as it has broken the April low of 1.1220. We believe the currency will find it difficult to rally […]

1.35 target on USD/CAD from Deutsche bank.

Deutsche bank analysts updated their outlook on USD/CAD. “We are revising our USD/CAD forecast path lower following a moderate rally in oil prices and a slower pace of Fed tightening than originally expected. USDCAD should peak around 1.35 this year and slightly above 1.40 next year on expectations that the Fed will resume its tightening […]

UOB is bullish on USD/JPY.

UOB analysts provided their outlook on USD/JPY, suggesting to take partial profit at 110.45. “The bullish USD phase that started last week is still clearly intact and the first target of 109.70 has been exceeded. However, shorter-term indicators are clearly overbought and those who are long from last week should look to take partial profit […]

Oil prices will reach $60 according to Goldman Sachs.

Goldman Sachs analysts provided positive outlook on oil prices after being one of the most bearish viewers for a long time. “We expect that deferred prices will start to stabilize, consistent with the recent increase in producer hedging as they near their marginal costs. We believe the industry still has further to adjust and our […]

Morgan Stanley is bearish on GBP.

Morgan Stanley analysts provided their outlook on GBP ahead of Brexit. “GBP’s sensitivity to the EU referendum polls has increased this week with the polls shifting towards remain. We believe the currency is going to remain sensitive to oil and equities too, so have kept our short GBP position in the portfolio but note the […]

Neutral outlook on AUD/USD from UOB.

UOB analysts remain neutral on AUD/USD.  “AUD dipped below 0.7200 yesterday but rebounded quickly from a low of 0.7175. The bias is tilted to the downside but as mentioned yesterday, a sustained down-move is likely only upon a clear break below 0.7200 (say a daily closing below this level). In the meanwhile, this pair is […]

Danske recommends to sell EUR/USD.

Danske analysts suggested to sell EUR/USD as they believe that the rate will drop in near term, driven by these three facts: “(1) positioning is now much cleaner than earlier in the year, (2) we believe that the market is too negative about the US economy, (3) we believe that Brexit risks will weigh on […] USD/JPY Weekly Forecast May 23-27 2016

Is FED rate increase ahead in June?  According to April FOMC Meeting minutes, released during last week, such possibility is one of the “flexibility” options at disposal to FED if economic developments point to further growth. Minutes reveled three major economic indicators based on which further strengthening of monetary policy will depend on: employment, inflation […]
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