Morgan Stanley smells an FX change coming in 2019

Morgan Stanley smells an FX change coming in 2019

Morgan Stanley out with a note on what to expect in 2019 Morgan Stanley have looked into the crystal ball to see what themes will be driving FX prices next year. They’ve also updated their forecasts. EURUSD Q1 2019 1.17 vs 1.19 prior Q2 1.20 vs 1.24 prior Q3...
FX update as we await the Fed

FX update as we await the Fed

What’s going on right now? EURUSD¬†– on the back foot and largely driven by selling in EURGBP. That’s also putting a drag on EURJPY. GBP buying looks to be the driver of it all. EURUSD is into the recent area of support 1.1720/30 and a break might...
FX update as we await the Fed

Mid-morning view of FX markets

A quick look around the FX space EURUSD An attempt to cement a move above 1.1700 has run into a bit of trouble and we’re now just ticking under the big fig after hitting a high of 1.1721 Big big resistance area up here around 1.1740/50 so expect to see plenty of...
FX update as we await the Fed

EM FX taking a hit again today

Further EM FX weakness is stepping up a gear and that’s the cold the others are catching USD vs TRY, ARS, MXN, ZAR to name a few are all on highs. That’s bring some nerves to the majors which is why we’re seeing moves into USD, CHF and JPY. USDARS is...

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