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5 May 2016

EUR/USD correction in bulls 1.15 graveyard - Scotiabank

Analysts at Scotiabank explained that investors could not buy enough EUR yesterday and couldn't wait to get rid of it today.

Key Quotes:

"European data releases came in weaker than expected overall - softer service sector activity (PMI) and weaker than expected retail sales – but EUR/USD’s performance is really a follow on from yesterday’s losses."

"It appears, once again, as if the EUR/USD rally has stalled above 1.15 – which has been a graveyard for EUR longs over the past year."
May 5, 2016

USD/JPY: risks remain to the downside - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY pair trades around the 107.00 level as the US session ended, modestly higher daily basis, but maintaining the overall bearish tone seen on previous updates.
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May 5, 2016

EUR to remain firm on the crosses - ANZ

Analysts at ANZ noted the EZ 0.6% q/q rise in Q1 real GDP has raised expectations that ECB stimulus may finally be raising the pace of growth.
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