OctaFX | OctaFX Forex Broker
Open trading account

Flash: AUD/USD lower on hot money flows – TDS

FXstreet.com (Barcelona) - According to Singapore based TD Securities analyst Annette Beacher, the current move lower in AUD/USD comes in the back of hot money heading for the exists, while real money buyers are holding their nerve, she says.

“So far we have not uncovered real money investors prepared to trim their AUD investments despite the recent fall in the currency,” Annette explains, adding: “The only investors we discovered that preferred to short the AUD were rather short-term in focus,” she said.

The TD Securities year end target for AUD/USD “appears optimistic at USD1.03,” the banks says, although they reckon “this is a forecast we remain comfortable with for now,” they conclude.

GBP/JPY closes below 20dma for first time since April 5th

After what was a very volatile trading day (336 pip range), the Sterling/Yen finished the day down 106 pips at 154.07.
Read more Previous

Can NZD/JPY hold 82.35 (the 50dma) support level again?

It was a roller coaster of a day for NZD/JPY, trading as low as 81.13 at one point before finding support and edging all the way back to close the day down 24 pips at 82.86.
Read more Next
Start livechat