Bank of America Global Research discusses the current market conditions and notes that market consensus may be too complacent ahead of major risks ahead such as US elections in November and the potential for a vaccine by year-end. To express this ...

Institutional trade recommendations

TD Research summarizes its bias on EUR/USD, USD/JPY, and GBP/USD. TD is short USD/JPY as its ToTW for this week targeting a move towards 104. "The market moves this morning focus on a regional mix of drivers, reflecting the pullback in broader EM ...

Institutional trade recommendations

Credit Suisse discusses USD/JPY outlook and sees limited scope for sharp moves below 105 under the current market conditions,. "Last week we outlined our reasons for expecting a period of consolidation in G10 FX, having previously been mostly USD ...

Institutional trade recommendations

Citi maintains a bullish bias on EUR/USD and adds a long exposure via a 2.5 month (19 October 2020) EUR/USD call spread. "We remain bullish EURUSD as per our CitiFX Strategy H2 2020 Global Outlook and still see EUR upside vs USD and the majors. ...

Institutional trade recommendations

Citi discusses JPT technical outlook and prefers buying JPY crosses on dips than trading USD/JPY around current levels. "USDJPY flashing more red than the Japanese flag. Our Asia trader also notes that the USD leg continues to drive the pair. ...

Institutional trade recommendations

MUFG Research maintains a bearish USD/JPY bias, expecting the pair to trade towards 103 through year-end. "The yen correlation with equity markets has been very low while the correlation for most other G10 currencies has been considerably higher. ...

Institutional trade recommendations

Credit Suisse maintains a bullish bias on EUR/CHF, expressing that via holding a long position targeting a move towards 1.10. "We remain biased mildly higher and continue to look for another challenge on 1.0832/38. A sustained and closing break ...

Institutional trade recommendations

Danske Research discusses EUR/USD outlook and maintains a bullish bias through Q3. "Worries over virus developments outside the US have started to surface, so is now the time to get EUR negative again? We doubt that we will witness the large-scale ...

Institutional trade recommendations

Citi flags a strong bearish pattern on the USD Index (DXY) monthly chart and maintains a bullish bias on EUR/USD. "CitiFX Technicals remind us of a Momentous Monthly Close On USD Index. The USD Index posted a Double top at trend highs after a low to ...

Institutional trade recommendations

Credit Suisse discusses EUR/USD technical outlook and flags a scope for consolidation phase in the near-term. Even though EURUSD managed to move briefly above 1.1900 on Friday strength was not sustained and the subsequent sharp retreat has seen the ...

Institutional trade recommendations

Hi Leon, Thank you for your kind words. I am happy you find this thread helpful.

Institutional trade recommendations

Societe Generale Research flags NZD, AUD, CAD, and GBP as the most vulnerable G10 currencies in August. 'In terms of trading positions, illiquidity and seasonals, the easiest conclusion is that FX volatility is likely to be higher this month. The ...

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CIBC Research adopts a bullish bias on USD/CAD, targeting the cross at 1.37 by end of Q3 and 1.38 by year-end. "The loonie received a lift alongside other majors versus the greenback in the past month, helped by firmer crude prices . But the CAD has ...

Institutional trade recommendations

Credit Suisse discusses USD/CAD technical outlook and stays bearish in the medium-term but will turn neutral in the near-term on a daily close above 1.3445. "USDCAD has seen a strong reversal higher from the pivotal 2020 low and retracement support ...

Institutional trade recommendations

Citi is looking to sell USD rallies and buy GBP on dips over the coming weeks. "We remain bearish USD and in particular would fade any USD rallies...August tends to see modest USD upside and month-end rebalancing signals were for USD selling. We ...

Institutional trade recommendations

Bank of America Global Research maintains a bearish GBP bias through year-end, and likes to express that via short GBP/CHF (1.1830/1.14 GBP/CHF put spread in 1x2). "We remain bearish GBP. 3Q/4Q a perfect storm. Seasonality to work against GBP into ...

Institutional trade recommendations

Societe Generale Research likes short GBP/CHF and short NZD/JPY as best trades for August. SocGen is short NZD/JPY targeting a move towards 64. "Short GBP/CHF for August. Our belief that we are set up for an illiquid, volatile August may yet ...

Institutional trade recommendations

Bank of America Global Research discusses USD/JPY technical outlook and flags a scope for a material move lower on a weekly close below 105.39/104.47. "On a daily candle chart, yes the break of 106 mattered. However the two weekly closing lows of ...

Institutional trade recommendations

Danske Research highlights a scope for EUR/USD to extend its recent gains towards breaking the 1.20 level. Broad-based USD weakness has continued to dominate FX markets during the month of July (Chart 1). Earlier this month, we notably upped our ...

Institutional trade recommendations

Credit Suisse discuses USD/JPY technical outlook and maintains a tactical bearish bias. "USDJPY remains under pressure after the completion of a top below the lows from May and June as well as “neckline” support at 106.15/105.98 to suggest a more ...

Institutional trade recommendations