OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: FX price action chippy as short term players look nervous – BBH

Brown Brothers Harriman analysts feel that the price action in the foreign exchange market is choppy as short-term participants seem nervous after being whipsawed yesterday.

They write, “Sterling fell nearly a cent to new multi-month lows following the BOE's inflation report that confirmed official expectations that price pressures will remain above target. In addition, markets reacted to his comment that a depreciation of the pound is “a necessary condition for rebalancing.” Also of note, the Australian dollar was helped by gains in a consumer confidence measure.

Forex: AUD/USD steady after US data

After being rejected from the 1.0360 area, the Australian dollar slid toward the 1.0315 zone before settling within a range versus the greenback.
Read more Previous

Forex Flash: Stay short AUD/NZD on monetary convergence – UBS

We entered a short AUD/NZD trade recommendation on January 31st largely on the view that monetary policy settings in Australia and New Zealand are likely to converge. According to Research Analyst Gareth Berry at UBS, “There is another reason to stay bearish on the cross too, given bond market dynamics are soon likely to tilt in the New Zealand dollar's favor.”
Read more Next
Start livechat