EUR/USD still looks vulnerable - Scotiabank

Analysts at Scotiabank explained that the euro appears vulnerable in the seasonally bearish month of November.

Key Quotes:

"A descending trend channel has formed in the period since early September, and EUR has weakened for two consecutive months. Interest rate differentials are a headwind, and speculative bullish EUR positioning is extended. Sentiment in the options market is neutral across shorter time horizons and modestly bearish beyond six months. We maintain a relatively neutral EUR forecast with a year-end 2017 target of 1.18"

Nov 16, 2017

Crude oil prices holding at the lower end of their weekly ranges

Crude oil prices are little changed this Thursday, as financial assets seem to be finding some balance following early week's sharp moves. West Texas

Market is underestimating the extent of next year's Fed tightening? - Scotiabank

Analysts at Scotiabank explained that the Fed funds futures contracts settle at the average effective rate for the month. Key Quotes: "The Fed say