OctaFX | OctaFX Forex Broker
Open trading account

Flash: EUR/USD dominated by risk premium while GBP/USD stays capped - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that Eurozone risk premiums continue to compress and this may facilitate further EUR inroads against the greenback if the broad dollar continue to capitulate.

He sees immediate resistance is expected towards 1.2900 before 1.2940/50 while support is seen towards the recent low around 1.2800 and then 1.2775. Looking to GBP/USD, he notes that the pair continues to be capped by its 55-day MA (1.5254) despite the USD pullback on Monday and the pound may continue to remain under the shadow of a supported dollar in the coming sessions. He writes, “In the current environment however, markets may be looking to fade further strong upticks in the GBP/USD, with the next visible support seen at 1.5160.”

Flash: Japan, The big asset allocation debate - Nomura

Nomura Strategist Jens Nordvig notes that since Mr Kuroda‟s big announcement, the focus has been on where Mr Kuroda‟s money would go
Read more Previous

Flash: Japanese Trade Data due tomorrow - DBS Group

DBS Group analysts note that the external trade data for April are due to release tomorrow and based on the preliminary figures, export growth picked up to 5.0% YoY in the first 20 days of April and import growth slowed to 3.1%.
Read more Next
Start livechat