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Some Euro/Dollar Bulls Are Taking An A-B-C Approach
Germany’s Deutsche Bank recently raised its end-2017 and 2018 forecasts for euro/dollar (EURUSD) to 1.1700 and 1.2000 respectively, characterising their outlook as “a EUR bottoming phenomenon more than a broad USD top story” and noting that “the strong precedent for the EUR bottoming against the USD a long time before most other currencies includes the[…]
Euro/Yen May Get Technical as 200-Week Moving Average Attracts Attention
Given BOJ Governor Haruhiko Kuroda’s reiteration on Monday of the Japanese central bank’s determination to maintain its ultra-accommodative monetary policy until inflation in Japan is perceived to have stabilised above 2 per cent, traders are again looking at the yen’s prospects. Yen bears may choose to express a view that the Japanese currency will continue[…]
Plenty To Ponder
Friday’s US jobs data arguably shouldn’t deter the Federal Reserve from its current course. Friday’s assertive action by the Bank of Japan to push-back against a rise in 10-year JGB yields should have reminded traders that while other central banks are becoming hawkish, the BOJ is not. Traders can draw their own conclusions about the[…]