Much has been made of the potential impact of the US elections on currencies such as MXN and CAD. However, the US elections have the potential to also be a major driver for CNY in the context of broader US -China trade relations. Should Democratic candidate Clinton win the Presidency, this is likely to maintain...

The post How Would A Trump Presidency Affect USDCNY? appeared first on Forex Crunch.

What is the forecast for the US dollar in reaction to the US elections? Here is their view, courtesy of eFXdata: MUFG Research summarizes its expectations for FX market reaction to today’s US elections. “We continue to believe that Blue Wave would be the worst outcome for the US dollar especially against the Asian, emerging...

The post USD: US Elections: A Blue Wave Very USD Negative; All Alternative Outcomes USD Positive – MUFG appeared first on Forex Crunch.

The US election is taking place today. How will the election affect USD/JPY? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses USD/JPY outlook through the US elections outcomes this week. “USD/JPY remains caught in a tug-of-war between the influence of relative rates and government bond yield curves and the impact of...

The post USD/JPY: Undervalued; To Head Higher On A Clear Biden Victory Or A Surprise Trump Victory – Credit Agricole appeared first on Forex Crunch.

What is the outlook for EUR/USD as we head into the US election? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses EUR/USD outlook into [this] week’s US elections. “We assume that postelection uncertainty in the US would drag on for a while longer after Election Day, with investors maintaining their defensive...

The post EUR/USD: On The Defensive Ahead Of A Volatile Week; What’s Next? – Credit Agricole appeared first on Forex Crunch.

EUR/JPY was down sharply in September. What is the outlook for the currency through the month of October? Here is their view, courtesy of eFXdata: Societe Generale Research  likes short EUR/JPY through the month of October. “One thing that’s become noticeable of late is the USD/JPY no longer moves as closely with risk sentiment as...

The post EUR/JPY: Short Exposure Is The Right Trade For October – SocGen appeared first on Forex Crunch.

What is the outlook towards EUR/USD in the medium to long term? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research  maintains a positive bias on EUR/USD in the medium to long term. “We maintain our constructive view on EUR/USD for 2021 when we expect the pair to revisit 1.2000 and head higher...

The post EUR/USD: Staying Constructive M-Term Targeting A Revisit To 1.20 & Higher In 2021 – Credit Agricole appeared first on Forex Crunch.

AUD/USD continues to gain ground. What is the outlook for the pair by the end of Q3 and by year-end? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses AUD outlook and  targets AUD/USD at 0.71 by end of Q3 and at 0.72 by year-end. “RBA Governor Philip Lowe’s pledge to not...

The post AUD: Store-Of-Value Appeal Unlikely To Wane Anytime Soon; US Elections Key Risk – Credit Agricole appeared first on Forex Crunch.

President Trump may shrug off Iran’s missile attack, providing tentative calm in some assets. A vow to retaliate may trigger a full risk-off reaction. An offer to talk may trigger a market rally. It took Iran five days – to the minute – to retaliate to the US killing of Qassem Suleimani, a top Iranian...

The post Three scenarios for Trump’s statement on Iran – and potential currency reactions appeared first on Forex Crunch.

The US-Sino trade spat is raising market volatility. Five significant developments are indicating President Trump is losing. The US dollar has yet to react to developments. “Trade wars are good and easy to win” – said US President Donald Trump on March 2018. Nearly a year and a half later, Chinese industrial output growth has...

The post 5 signs Trump is losing the trade war appeared first on Forex Crunch.

Trump has said that it does not matter if he meets his Chinese counterpart Xi at the G20. The president’s about-turn came after around 640 retailers led by Walmart warned about tariffs’ economic damage. A defusion of trade tensions may push stocks higher and the USD lower. US President Donald Trump has said on Friday...

The post Trump looking weak against Wal-mart appeared first on Forex Crunch.