You can place your ads on this slide 1

Please tell us the descriptions when you want to put the ads

You can place your ads on this slide 2

Please tell us the descriptions when you want to put the ads

You can place your ads on this slide 3

Please tell us the descriptions when you want to put the ads

You can place your ads on this slide 4

Please tell us the descriptions when you want to put the ads

You can place your ads on this slide 5

Please tell us the descriptions when you want to put the ads

Sunday, July 30, 2017

Forex Insider Daily Position Update 31 July 2017 Part 1

Major Bank Daily Position

USD/CHF - Barclays - LONG Position - Opened - Entry: 0.9684, Target: 0.9950, Stop: 0.9550 (TOTW-M/T)

USD/JPY - UOB - SHORT Limit Order - Placed - Entry: 110.85, Target: 109.50, Stop: 111.50 (S/T)

Saturday, July 29, 2017

Thx for the support!

Total donations : $12.15
Thx for Steven for the donation!

Friday, July 28, 2017

Forex Insider Daily Update 29 July 2017

Major Bank Daily Position

USD/CHF - Credit Suisse - SHORT Position - From 0.9513 - Stopped out at 0.9570 (S/T) -57 pips
EUR/GBP - Credit Suisse - LONG Limit Order - Filled - Entry: 0.8905 - Target: 0.9045, Stop: 0.8828 (S/T)
EUR/USD - Credit Suisse - LONG Limit Order - Placed - Entry: 1.1550, Target: 1.2000, Stop: 1.1479 (S/T)
USD/CAD - Credit Suisse - LONG Position - From 1.2750 - Stopped out at 1.2460 (M/T) -290 pips
AUD/USD - Deutsche Bank - SHORT Position - From 0.7600 - Stopped out at 0.8000 (L/T) -400 pips
AUD/USD - Barclays - SHORT Position - From 0.7922 - Stopped out at 0.8010 (TOTW-S/T) -88 pips
NZD/USD - UOB - LONG Position - From 0.7415 - Hit Target at 0.7530 (S/T) +115 pips
NZD/USD - Credit Suisse - LONG Limit Order - Canceled - Entry: 0.7380, Target: 0.7535, Stop: 0.7330 (S/T)
NZD/USD - Credit Suisse - LONG Limit Order - Placed - Entry: 0.7490, Target: 0.7740, Stop: 0.7400 (S/T)
AUD/USD - Credit Suisse - LONG Position - From 0.7880 - Adjusted - Stop from 0.7775 to 0.7870, Target: unch. (M/T)
EUR/USD - Credit Suisse - LONG Limit Order - Canceled - Entry: 1.1550, Target: 1.2000, Stop: 1.1479 (S/T)
NZD/USD - Credit Suisse - LONG Limit Order - Filled - Entry: 0.7490 - Target: 0.7740, Stop: 0.7400 (S/T)
AUD/CHF - Morgan Stanley - LONG Position - Opened - Entry: 0.7688, Target: 0.8100, Stop: 0.7500 (M/T)
CHF/JPY - Morgan Stanley - SHORT Position - Opened - Entry: 115.25, Target: 105.00, Stop: 119.30 (L/T)
EUR/AUD - Morgan Stanley - LONG Position - From 1.4620 - Closed at market at 1.4727 (M/T) +107 pips
EUR/USD - Credit Suisse - LONG Stop Order - Filled - Entry: 1.1736 - Target: 1.2000, Stop: 1.1613 (M/T)
USD/CHF - Credit Suisse - LONG Position - Opened - Entry: 0.9655, Target: 0.9780, Stop: 0.9595 (S/T)
USD/CAD - Credit Suisse - LONG Position - Opened - Entry: 1.2465, Target: 1.2700, Stop: 1.2410 (S/T)

Morgan Stanley

MS expressed this fresh short CHF view via selling the 2 currency crosses –AUD/CHF and CHF/JPY
We expect AUD continue move higher short term as yield seeking behavior continues. We prefer our trade in low yielding CHF
Positive momentum in AUD should further support the pair as well. AUD has traded well recently even despite more dovish soundings from RBA and weak CPI data, which signals that broader macro drivers are propelling the currency rather than domestic policy expectations.
We choose to see CHF vs JPY as a long term strategic trade. A few years ago we told a story of Swiss going shopping abroad and it seems that story is in play today. EURCHF has now broken through 1.12 reaching the highest level since the floor removed. We think this will add momentum and introduce new investors to less actively traded currency. We are not saying that JPY is going strong instead we looked pairs that had moved too far and provided good risk reward.

NAB

We now need to see further bullish triggers archieved before confirming that a sustainable MT uptrend is in play.
A month end close above 1.0826 is the first of there triggers and will confirm previous high at 1.102

TD

Market reaction to the FOMC was overdone as market thinks this as an opportunity to push several technical key.
We are not convinced this is the break we need to chase. As such, we think market is irrationally keen to jump on any excuse to add EUR longs.
In EURUSD, key supports lie in 1.16 area an appreciable break below would signal a washout towards 1.13.
In AUDUSD, 0.78 are key supports below which a flush towards 0.76 would look more complete.

BofAML

SNB will take great satisfaction that the CHF sell off comes as a pace of Swiss sign deposit accumulation. We have been bearish CHF for much of this year as we had confidence that SNB put the currency’s upside. With regional political risk, the return of Greece to the international bond market and ECB exit gate, this provide the perfect backdrop for CHF underperformance.
We reiterate our view that CHF will remain a nominal anchor for funding trades.
In short term, EUR/CHF may consolidate recent gains given the scale of the move but against a backdrop of low market volatility and strong cross border capital flows, we believe investors selling of Swiss asset will continue.

BTMU

We can only put this down to the delayed response of several factors. This has finally trigerred a liquidation of long franc positions. The turn in expectations in relation to ECB and broad signs of global reflation as expectations will help weaken franc. BTMU argues that CHF selling is likely continue as the move this week could have a significant impact in shaping expectations.
Investors may quickly see franc as the least resistance in expressing a bullish EUR view.

SocGen

After confirmation, EUR/CHF suggest the move up is set to accelerate further. Soc Gen sees key support level at 1.11

PS: I was too busy this week to make an update but at least I have time on weekend 100%. If you guys would like to get a fast update daily then please support me so that I can invest some time on updating despite how busy I am currently.
Total donations : $12.15

Support me from here!

Tuesday, July 25, 2017

Forex Insider Daily Position Update 26 July 2017 Part 1

Major Bank Daily Position

USD/JPY - Morgan Stanley - LONG Position - From 112.50 - Stopped out at 110.90 (M/T) -160 pips
AUD/USD - Barclays - SHORT Position - Opened - Entry: 0.7922, Target: 0.7750, Stop: 0.8010 (TOTW-S/T)
NZD/USD - UOB - LONG Limit Order - Placed - Entry: 0.7415, Target: 0.7530, Stop: 0.7375 (S/T)
USD/JPY - UOB - SHORT Limit Order - Placed - Entry: 111.50, Target: 110.20, Stop: 112.00 (S/T)
USD/JPY - Deutsche Bank - SHORT Position - Opened - Entry: 110.84, Target: 108.00, Stop: 112.90 (M/T)
USD/CAD - Goldman Sachs - SHORT Limit Order - Canceled - Entry: 1.3170, Target: 1.2500 (S/T)
EUR/GBP - Credit Suisse - LONG Limit Order - Adjusted - Entry from 0.8866 to 0.8905, Target: unch., Stop: unch. (S/T)
NZD/USD - Credit Suisse - LONG Limit Order - Adjusted - Target from 0.7480 to 0.7535, Entry: unch., Stop: unch. (S/T)
USD/JPY - Credit Suisse - SHORT Limit Order - Placed - Entry: 111.40, Target: 109.35, Stop: 112.50 (M/T)
USD/CHF - Credit Suisse - SHORT Limit Order - Placed - Entry: 0.9513, Target: 0.9260, Stop: 0.9570 (S/T)
NZD/USD - UOB - LONG Limit Order - Filled - Entry: 0.7415 - Target: 0.7530, Stop: 0.7375 (S/T)
USD/JPY - Credit Suisse - SHORT Limit Order - Filled - Entry: 111.40 - Target: 109.35, Stop: 112.50 (M/T)
USD/JPY - UOB - SHORT Limit Order - Filled - Entry: 111.50 - Target: 110.20, Stop: 112.00 (S/T)
EUR/USD - Credit Suisse - LONG Position - From 1.1490 - Hit Target at 1.1710 (M/T) +220 pips

USD/JPY - UOB - SHORT Position - From 111.50 - Stopped out at 112.00 (S/T) -50 pips

Was quite busy this week due to some other things.. sorry for the late update

Friday, July 21, 2017

Forex Insider Daily Position Update 22 July 2017 Part 1



Major Bank Daily Position

AUD/CAD - Citi - SHORT Limit Order - Placed - Entry: 1.0025, Target: 0.9750, Stop: 1.0200 (M/T)
GBP/USD - Credit Suisse - LONG Limit Order - Filled - Entry: 1.3005 - Target: 1.3250, Stop: 1.2912 (S/T)
GBP/USD - UOB - LONG Position - From 1.3075 - Stopped out at 1.3000 (S/T) -75 pips
USD/CHF - Credit Suisse - SHORT Limit Order - Filled - Entry: 0.9580 - Target: 0.9445, Stop: 0.9605 (S/T)
EUR/USD - Credit Suisse - LONG Limit Order - Filled - Entry: 1.1490 - Target: 1.1710, Stop: 1.1370 (M/T)
EUR/USD - UOB - LONG Limit Order - Filled - Entry: 1.1490 - Target: 1.1615, Stop: 1.1445 (S/T)
USD/CHF - Credit Suisse - SHORT Position - From 0.9580 - Stopped out at 0.9605 (S/T) -25 pips
EUR/JPY - Credit Suisse - LONG Position - From 128.80 - Adjusted - Stop from 128.00 to 128.40, Target: unch. (S/T)
AUD/USD - Credit Suisse - LONG Limit Order - Adjusted - Entry from 0.7850 to 0.7880, Target: unch., Stop: unch. (M/T)
EUR/USD - Deutsche Bank - LONG Position - From 1.1404 - Hit Target at 1.1600 (M/T) +196 pips
EUR/USD - UOB - LONG Position - From 1.1490 - Hit Target at 1.1615 (S/T) +125 pips
EUR/GBP - Credit Suisse - LONG Limit Order - Canceled - Entry: 0.8750, Target: 0.8950, Stop: 0.8703 (S/T)
AUD/CAD - Citi - SHORT Limit Order - Filled - Entry: 1.0025 - Target: 0.9750, Stop: 1.0200 (M/T)
AUD/USD - Credit Suisse - LONG Limit Order - Filled - Entry: 0.7880 - Target: 0.8160, Stop: 0.7775 (M/T)
CAD/JPY - Morgan Stanley - LONG Limit Order - Canceled - Entry: 87.90, Target: 93.20, Stop: 87.10 (TOTW-S/T)
NZD/USD - Credit Suisse - LONG Limit Order - Placed - Entry: 0.7380, Target: 0.7480, Stop: 0.7330 (S/T)
USD/CHF - Credit Suisse - SHORT Limit Order - Placed - Entry: 0.9562, Target: 0.9445, Stop: 0.9630 (S/T)
EUR/USD - Credit Suisse - LONG Position - From 1.1490 - Adjusted - Stop from 1.1370 to 1.1462, Target: unch. (M/T)
USD/CHF - Credit Suisse - SHORT Limit Order - Canceled - Entry: 0.9562, Target: 0.9445, Stop: 0.9630 (S/T)
EUR/USD - Morgan Stanley - LONG Limit Order - Canceled - Entry: 1.1200, Target: 1.1800, Stop: 1.0900 (M/T)

EUR/AUD - Morgan Stanley - LONG Position - Opened - Entry: 1.4620, Target: 1.5400, Stop: 1.4390 (M/T)

Wednesday, July 19, 2017

Forex Insider Daily Position Update 20 July 2017 Part 1



Major Bank Daily Position

EUR/USD - UOB - LONG Limit Order - Placed - Entry: 1.1500, Target: 1.1615, Stop: 1.1445 (S/T)
NZD/USD - Deutsche Bank - SHORT Position - From 0.7284 - Stopped out at 0.7385 (M/T) -101 pips
EUR/JPY - Credit Suisse - LONG Limit Order - Filled - Entry: 128.80 - Target: 130.75, Stop: 128.00 (S/T)
USD/JPY - Credit Suisse - LONG Position - From 111.95 - Stopped out at 111.66 (S/T) -29 pips
EUR/GBP - Credit Suisse - LONG Limit Order - Placed - Entry: 0.8750, Target: 0.8950, Stop: 0.8703 (S/T)
USD/CHF - Credit Suisse - SHORT Limit Order - Placed - Entry: 0.9580, Target: 0.9445, Stop: 0.9605 (S/T)
EUR/USD - Credit Suisse - LONG Limit Order - Adjusted - Entry from 1.1450 to 1.1490, Target: unch., Stop: unch. (M/T)
GBP/JPY - Barclays - SHORT Position - From 147.30 - Hit Target at 145.30 (TOTW-M/T) +200 pips
EUR/USD - UOB - LONG Limit Order - Adjusted - Entry from 1.1500 to 1.1490, Target: unch., Stop: unch. (S/T)
EUR/USD - UOB - LONG Position - From 1.1411 - Closed at market at 1.1519 (S/T) +108 pips

For now i got a bit busy so i'll stop the analysis but i will update the positions.  

Tuesday, July 18, 2017

Forex Insider Daily Position Update 19 July 2017 Part 1

Major Bank Daily Position

AUD/USD - UOB - LONG Limit Order - Canceled - Entry: 0.7730, Target: 0.7850, Stop: 0.7670 (S/T)
GBP/USD - UOB - LONG Limit Order - Placed - Entry: 1.3075, Target: 1.3200, Stop: 1.3020 (S/T)
GBP/JPY - Barclays - SHORT Stop Order - Placed - Entry: 147.30, Target: 145.30, Stop: 148.50 (TOTW-M/T)
GBP/JPY - Barclays - SHORT Stop Order - Filled - Entry: 147.30 - Target: 145.30, Stop: 148.50 (TOTW-M/T)
GBP/USD - UOB - LONG Position - From 1.3075 - Adjusted - Stop from 1.3020 to 1.3000, Target: unch. (S/T)
EUR/USD - UOB - LONG Position - From 1.1411 - Adjusted - Stop from 1.1325 to 1.1395, Target: unch. (S/T)
AUD/NZD - Crédit Agricole - LONG Position - From 1.0460 - Hit Target at 1.0800 (M/T) +340 pips
NZD/USD - Credit Suisse - LONG Position - From 0.7240 - Adjusted - Target from 0.7480 to 0.7403, Stop from 0.7165 to 0.7240 (S/T)
EUR/JPY - Credit Suisse - LONG Limit Order - Placed - Entry: 128.80, Target: 130.75, Stop: 128.00 (S/T)
AUD/USD - Credit Suisse - LONG Limit Order - Placed - Entry: 0.7850, Target: 0.8160, Stop: 0.7775 (S/T)
GBP/USD - Credit Suisse - LONG Limit Order - Placed - Entry: 1.3005, Target: 1.3250, Stop: 1.2912 (S/T)
EUR/USD - Credit Suisse - LONG Limit Order - Placed - Entry: 1.1450, Target: 1.1710, Stop: 1.1370 (S/T)
EUR/GBP - Credit Suisse - LONG Position - From 0.8785 - Closed at market at 0.8888 (S/T) +103 pips
USD/JPY - Credit Suisse - LONG Position - Opened - Entry: 111.95, Target: 113.58, Stop: 111.66 (S/T)

Sunday, July 16, 2017

Forex Insider Daily Position Update 17 July 2017 Part 1

Major Bank Daily Position

AUD/USD - Morgan Stanley - SHORT Position - From 0.7650 - Stopped out at 0.7740 (S/T) -90 pips
EUR/GBP - Morgan Stanley - LONG Limit Order - Canceled - Entry: 0.8520, Target: 0.9200, Stop: 0.8370 (M/T)
USD/JPY - Morgan Stanley - LONG Limit Order - Placed - Entry: 112.50, Target: 118.00, Stop: 110.90 (M/T)
AUD/USD - UOB - LONG Limit Order - Placed - Entry: 0.7730, Target: 0.7850, Stop: 0.7670 (S/T)
USD/JPY - Morgan Stanley - LONG Limit Order - Filled - Entry: 112.50 - Target: 118.00, Stop: 110.90 (M/T)
GBP/USD - Citi - SHORT Position - From 1.2912 - Stopped out at 1.3075 (M/T) -163 pips
GBP/USD - BNP Paribas - SHORT Position - From 1.2890 - Stopped out at 1.3060 (M/T) -170 pips

Tuesday, July 11, 2017

Forex Insider Daily Update 12 July 2017

Major Bank Daily Position

USD/CAD - Deutsche Bank - LONG Position - Opened - Entry: 1.2910, Target: 1.3200, Stop: 1.2810 (S/T)
GBP/USD - BNP Paribas - SHORT Position - Opened - Entry: 1.2890, Target: 1.2500, Stop: 1.3060 (M/T)
GBP/USD - Citi - SHORT Limit Order - Placed - Entry: 1.2912, Target: 1.2550, Stop: 1.3075 (M/T)
AUD/USD - Morgan Stanley - SHORT Limit Order - Filled - Entry: 0.7650 - Target: 0.7200, Stop: 0.7740 (S/T)
NZD/USD - UOB - SHORT Limit Order - Placed - Entry: 0.7240, Target: 0.7150, Stop: 0.7280 (S/T)
EUR/USD - UOB - LONG Limit Order - Placed - Entry: 1.1470, Target: 1.1615, Stop: 1.1410 (S/T)
NZD/USD - UOB - SHORT Limit Order - Filled - Entry: 0.7240 - Target: 0.7150, Stop: 0.7280 (S/T)

Barclays

Yellen will be testifying in front of the House Financial Services Committee on Wednesday and Senate Banking Committee on Thursday.
Barclays expects her to maintain that a modest removal of policy accommodation remains appropriate and signals that the FOMC intends to start reducing balance sheet before year end.

BofAML

BofAML thinks Yellen will strike a similar tone as she did in June press conference and BofAML looking for 3 things:
1.       Does she emphasize financial conditions have continues to ease despite the Fed’s steps to further tighten monetary policy?
2.       How does Tellen Talk about progress toward the dual mandate?
3.       Does Yellen provide any new additional details about balance sheet policy?
BofAML expects BOC to hike 25bp on 12 July, with neutral statement. We still see CAD overvalued especially in light of recent oil moves and expects a higher USD/CAD at the end of year to 1.35

Nordea

When GBP squeezed higher in March this year, it was ripe for a pause after a move of similar magnitude. Finally the skew in USD/CAD options lowest since 2010, this implies that buying protection against a dovish hike on July 12 might be a good idea.
“If we do get CAD setback, we think long term players should add their CAD longs.

SocGen


EUR/USD looks stuck in 1.13 – 1.146 range. We will mess around here until positioning lightens up before we can break 1.146 and head for 2015 high just above 1.17. EUR/GBP will be equally frustrating but we have slightly more hope of a gradual climb in EUR/JPY.

Monday, July 10, 2017

Forex Insider Daily Position Update 11 July 2017 Part 1

Major Bank Daily Position

NZD/JPY - TD Bank - SHORT Position - Opened - Entry: 82.98, Target: 78.50, Stop: 85.20 (M/T)

Sunday, July 9, 2017

Forex Insider Daily Update 10 July 2017

Major Bank Daily Position

USD/JPY - Morgan Stanley - LONG Position - From 112.95 - Closed at market at 113.90 (TOTW-M/T) +95 pips
EUR/AUD - Goldman Sachs - LONG Position - From 1.4725 - Adjusted - Stop from 1.4725 to 1.4775, Target: unch. (M/T)

BNPP

Our own view remains that the USD will fare well in the second half of the year, just as it did in 2014, 2015 and 2016 as US yields move to price a more complete Fed rate hike cycle.

Barclays

Recent sell off in European rates as nearly done and looks to fade the rates induced EUR/USD rally at current level
A stabilization in European rates will imply a toppish pattern for EUR/USD and we see scope for a gradual retracement towards our H2 2017 forecast of 1.1

Morgan Stanley

MS expresses that maintaining limit order
EUR/USD long @ 1.12 We see EUR/USD trading towards 1.157 before retrace to 1.12 providing the opportunity to buy again.
EUR/GBP long @ 0.852 We like to buy EUR/GBP on dips, waiting for the pair to hit middle of the trading channel

AUD/USD short @ 0.765 We add strategic short position in AUD, seeing rising bond yields as negatively affecting AUD and Australian bank funding cost. 

Friday, July 7, 2017

Forex Insider Daily Position Update 7 July 2017 Part 1

Major Bank Daily Position
USD/JPY - Morgan Stanley - LONG Position - From 112.95 - Adjusted - Stop from 111.50 to 113.35, Target: unch. (TOTW-M/T)

Thursday, July 6, 2017

Forex Insider Daily Update 7 July 2017


Major Bank Daily Position

AUD/JPY - Citi - SHORT Position - From 86.25 - Adjusted - Stop from 87.25 to 86.25, Target: unch. (TOTW-S/T)
AUD/USD - Morgan Stanley - SHORT Limit Order - Placed - Entry: 0.7650, Target: 0.7200, Stop: 0.7740 (S/T)
AUD/JPY - Citi - SHORT Position - From 86.25 - Closed at 86.25 (TOTW-S/T) ±0 pips
EUR/USD - UOB - LONG Limit Order - Placed - Entry: 1.1411, Target: 1.1700, Stop: 1.1325 (S/T)
EUR/USD - UOB - LONG Limit Order - Filled - Entry: 1.1411 - Target: 1.1700, Stop: 1.1325 (S/T)

Barclays

We had long expected the BoE’s MPC members to support the currency by means of an eventual disagreement on the course of monetary policy amid high inflation forecasts and in our view, BOE is largely defending the credibility of GBP as a store of value amid losses both in foreign exchange and in domestic purchasing power.
Strategy wise, Barclays recommends fading recent GBP strength tactically on the grounds that political uncertainity likely to remains elevated in the near-term.
“However, as political uncertainity still weighs on GBP, we continue to see downside risks as a result in the short run.”

NAB

NAB remains comfortable with its view for higher EUR/USD on the back of the solid and increasingly broad economic recovery in the EuroZone, against a shifting dynamics in the US.
Speculative positioning is long but now slipping back and the USD, having dropped below its Trump 9 November rally start levels and now awaiting data that will either prove Fed’s inflation and economic growth optimism correct or not.

BofAML

USD/JPY : another leg higher in USD/JPY in 2017.

“We continue to view the USD/JPY is in a medium term bull market. We will be more concerned about currency diplomacy if USD/JPY rallies decisively beyond 120. We would buy dips on the USD/JPY into 120, and sell the strength above the level. 

Forex Insider Daily Position Update 6 July 2017 Part 2

Major Bank Daily Position
EUR/USD - Deutsche Bank - LONG Position - Opened - Entry: 1.1404, Target: 1.1600, Stop: 1.1295 (M/T)

Forex Insider Daily Position Update 6 July 2017 Part 1



Major Bank Daily Position

AUD/CAD - ANZ - SHORT Position - From 1.0180 - Hit Target at 0.9900 (M/T) +280 pips
AUD/NZD - Société Générale - LONG Position - From 1.0460 - Hit Profit-Stop at 1.0470 +10 pips

USD/CAD - Goldman Sachs - SHORT Limit Order - Placed - Entry: 1.3170, Target: 1.2500 (S/T)

PS: There were no updates these days from the insider due to 4thJuly holiday, it should resume now. 

Monday, July 3, 2017

Forex Insider Daily Update 4 July 2017



Major Bank Daily Position

USD/JPY - Credit Suisse - LONG Limit Order - Canceled - Entry: 110.86, Target: 113.10, Stop: 109.65 (M/T)
AUD/NZD - Société Générale - LONG Position - From 1.0460 - Adjusted - Stop to 1.0470, Target: unch.

Nordea

While the longer term direction for EUR/USD is higher, the pair is ripe for a set back in near term.
Everyone is already long European equities, seasonality for Bund yields is negative for July, while US data will improve. There are also signs unhedged equity inflows are moderating.
These unhedged investors are still well in the money, not due to European equities which have actually weakened since mid-May, but due to currency effects. If European equities continue to weaken, these market participants might need to reassess their FX hedge ratios which might add selling pressure on EUR/USD later this summer.

SocGen

EUR/USD to consolidate some of its recent gains this week before resuming its next leg higher.
The dollar is a bit oversold, maybe the market is thinking about Fed meandering is enough for a pause in the sell off?
As monetary policy cycle turns, there is more upside to long term ECB rate expectations and to Bund yield. Throw in the undervalued currency and the ingredients are still there for more euro upside in due course.

BTMU

BTMU short term metrics point to GBPupward momentum being more likely sustained going forward.
Short term yield spreads have moved in favour of the pound, unlike for the euro for example.  We assume modest further gains over the short term with an end Q3 of 1.31

Barclays

EUR to face some roadblocks and holds a base case for EUR/USD to range trade.
We believe that the ECB with a still significant output gap and the benefit of having seen how the inflation story has played out thus far in the US, will likely err on the side of caution and take gradual approach to stimulus removal. We would not be surprised to see attemps to dampen reactions in the EUR and European rates.
Consequently, we would fade the strength in EUR/USD as markets will likely reassess the balance of risks around monetary in the coming weeks.

Credit Agricole

CACIB believed US data will turn more positive before long and should ultimately vindicate the Fed’s constructive outlook.
When it comes to the USD, we remain of the view that current levels offer attractive risk reward for engaging in new longs, especially as there is room of rising rate expectations.

Morgan Stanley

JPY side should see market expectations building for new fiscal spending following the weak performance of Abe’s party at the weekend’s Tokyo election.

MS recommends buying USD/JPY at market with TP 116 SL 111.5

Forex Insider Daily Position Update 3 July 2017 Part 1



Major Bank Daily Position

AUD/NZD - Société Générale - LONG Position - From 1.0460 - Adjusted - Stop to 1.0470, Target: unch.

USD/JPY - Credit Suisse - LONG Limit Order - Canceled - Entry: 110.86, Target: 113.10, Stop: 109.65 (M/T)

Saturday, July 1, 2017

Forex Insider Daily Update 1 July 2017



Major Bank Daily Position

AUD/USD - UOB - LONG Limit Order - Filled - Entry: 0.7690 - Target: 0.7790, Stop: 0.7630 (S/T)
EUR/NZD - Nomura - LONG Limit Order - Filled - Entry: 1.5570 - Target: 1.6190, Stop: 1.5250 (L/T)
GBP/JPY - Morgan Stanley - LONG Position - From 142.20 - Closed at market at 146.48 (TOTW-L/T) +428 pips

Morgan Stanley

EUR/USD long limit order @1.12 , Our expected EUR rally has come early inspired by ECb Draghi’s changing his tone on inflation and pushing European rates higher. We see EUR/USD trading towards 1.157 before retracing to 1.12, providing the opportunity to buy again.
EUR/GBP long limit order @0.852 We like to buy EUR/GBP on dips, waiting for the pair to hit the middle of the trading channel.

CACIB

Hawkish overtones from ECB, BOE, BOC have served as a wake up call, highlighting risk that removal of stimulus before long.
USD was the biggest victim as a result not withstanding the Fed’s steadfast hawkishness of late. Lingering political deadlock in Washington DC and underwhelming US data leads to USD headwinds.
Next week RBA might also send a hawkish signal, we stick with our AUD/NZD long.

BofAML

BofAML expects no big changes next week and sees little risk if hawk surprise.
BofAML maintains its view that AUD/USD will eventually revert towards lower end of its trading range of the past year but argues that we need clearer slowdown in external demand before this is tradeable.

SocGen

The signal from BoC is very clear, rate hike if not in July then September. Our technical strategist has pointed to USD/CAD 1.25 as the target once support 1.3 is broken, as is likely in coming weeks.

Perhaps more interesting from a relative viewpoint is to go short NZD/CAD following its failure to break through 0.98 earlier this month. A decline to NZD/CAD 0.92 by year end seems to be in the cards now.