Bank of America Global Research discusses EUR/USD technical outlook and highlights a bullish setup on a weekly close above 1.1760. "EUR/$: 12 year old downtrend line narrowly broken. Ending the third week of July, euro closed at 1.1656 which is ...

Institutional trade recommendations

Citi maintain a bullish bias on AUD in general and on AUD/NZD in particular. "As for the road ahead, CitiFX Strategy remains bullish AUDNZD based on: (i) diverging monetary policy; (ii) sizeable relative improvement in Australia’s current account; ...

Institutional trade recommendations

CIBC discusses EUR/CHF outlook and targets the cross around 1.09 by year-end. "Over the last four weeks there has been an acceleration in the accumulation of sight deposits, with the rebound being a function of EUR CHF testing the 100day MAV of ...

Institutional trade recommendations

Credit Suisse discusses USD/CAD technical outlook and maintains a tactical bearish bias in the near-term. "The downmove in USDCAD has stalled ahead of the pivotal 2020 low and retracement support at 1.3331/15 as expected, switching into a mild ...

Institutional trade recommendations

Bank Of America looking for GBP to decline through to the end of this year on: "stuck in the mud" Brexit negotiations softer monetary policy seasonal underperformance, say that GBP trade-weighted index has on average underperformed in 4 out of 5 ...

Institutional trade recommendations

Citi discusses the scope for an extended USD sell-off in light of technicals, positioning, and month-end flows. Technicals: DXY broke a key support on Monday and continues below support, explaining bullish breaks for EUR, JPY, GBP and select EM ...

Institutional trade recommendations

Credit Suisse discusses EUR/USD technical outlook and maintains a bullish bias in the near-term. "EURUSD has started the week strongly, surging sharply higher again following its weekly close above 1.1495 and the completion of a medium-term base and ...

Institutional trade recommendations

Credit Suisse discusses USD/JPY technical outlook and flags a short-term top pattern in the making. "We think the pressure is building steadily for a completion of an important top and more material turn lower, with support then seen next and ...

Institutional trade recommendations

Bank of America Global Research discusses USD/JPY outlook in light of its expectations for Japan's basic balance of payments to recover into the fall season.. "Forecasts: USD/JPY to grind lower. We expect JPY to rise once the equity rally loses ...

Institutional trade recommendations

Analysts at MUFG recommend selling USD/JPY at spot with a target of 1036.80 and a stop at 107.60. "The USD/JPY rate has fallen sharply today and we see scope for that extending over the coming weeks," they wrote on Friday. "The FOMC meeting next ...

Institutional trade recommendations

JPM to sell USD/CHF at 0.9240, with a stop level at 0.9500.

Institutional trade recommendations

Societe Generale Research revisit some of the August seasonal tradee which had performed over the past 20 years. "We outlined August trade ideas in time to find summer cover and your intuition is right: August tends to be good for the yen, Swiss ...

Institutional trade recommendations

TD Research discusses the positioning across G10 and flags some of its current FX trades. "Positioning is most crowded in CHF, SEK, EUR, and gold. They are all sitting above levels (1.0) that our backtests argue to fade on mean-reversion. The market ...

Institutional trade recommendations

MUFG Research flags a scope for a sustained move lower in USD/JPY over the coming weeks.

Institutional trade recommendations

Bank of America Global Research discusses EUR/USD outlook and now targets the pair at 1.12 in Q3 and 1.08 by year-end. "As the market has moved in a different direction from our forecasts, we update our forecasts, marking to market. We now expect ...

Institutional trade recommendations

TD Research discusses the EUR outlook and sees a scope for a 1.20 test over the coming weeks. TD prefers buying EUR/GBP and buying EUR/USD on dips. "What's next? While trying to fade some of the excesses priced into the markets the past few months, ...

Institutional trade recommendations

Credit Suisse discusses USD/CAD technical outlook and maintains a bearish bias in the near-term. "USDCAD extends its downmove in early trading today, breaking below the price support and pivotal 78.6% retracement of the June correction higher at ...

Institutional trade recommendations

UOB Research discusses the technical outlook for EUR/USD and flags a triple moving average pattern on the weekly chart. "On top of the bullish crossover in moving averages and strong ADX, EUR/USD is also approaching a 6-year declining trend-line ...

Institutional trade recommendations

Credit Suisse discusses USD/JPY technical outlook and adopts a neutral bias in the near-term. "USD/JPY has seen a fresh and what looks more decisive rejection of a cluster of resistances centred on 107.42, including its 55-day average and the sharp ...

Institutional trade recommendations

MUFG Research maintains a bearish bias on GBP, expressing that via holding a long EUR/GBP position targeting a move towards 0.9360

Institutional trade recommendations