EUR/NOK remains a sell – BAML

FXStreet (Barcelona) - MacNeil Curry, CFA, CMT, Technical Strategist at BofA-Merrill Lynch, believes that EUR/NOK is set to resume its downtrend for 8.1705.

Key Quotes

“It is time to sell €/NOK. Since mid-April, it has been caught in an increasingly well-defined contracting range/Triangle. Now that range is about to give way. A break of Triangle support at 8.3507 confirms a resumption of the long-term downtrend for 8.1705. Prices should not break above Thursday's 8.4338 high.”

May 19, 2015

ECB talking down euro? – Rabobank

With ECB member Coeure mentioning that the ECB intends to increase its QE purchases in May and June, Jane Foley, Senior Currency Strategist at Rabobank, explains the risks of bringing forward their asset purchase program, and further forecast EUR/USD at 1.05 by 2015-end.

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May 19, 2015

UK CPI slips into negative zone, BoE rate hike unlikely in 2015 – TDS

Reviewing the UK inflation data release, the TD Securities Team note that the -0.1%yoy print suggests the slower pick in inflationary pressures will thwart any rate hike chances by the BoE this year.

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