Avoid FX market relative fundamentals for now – MUFG

Forex

MUFG on the timeline for selling the US dollar MUFG Research discusses the current conditions of the FX market and notes that " Fundamentals will of course come more into play in time but only after the positioning stress is relieved and the extreme illiquidity problems subside. When that does happen and we may be […]

AUD/USD Weekly Outlook

Forex

<p>AUD/USD’s decline accelerated to as low as 0.5506 last week and recovered after hitting 0.5507 long term projection level. Initial bias remains neutral this week for consolidations first. In case of another recovery, upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside,

EUR/CHF Weekly Outlook

Forex

<p>EUR/CHF edged lower again last week with very weak downside momentum. Overall outlook remains unchanged. With 1.0710 resistance intact, further decline is expected. Current down trend should target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. However, on the upside, break of 1.0710 will indicate short term bottoming. Str

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