OctaFX | OctaFX Forex Broker
Open trading account

Valeria Bednarik: Lack of data leaves currencies in stocks’ hands - FXStreet

FXStreet (Łódź) - Speaking at FXStreet’s Live Analysis Room, FXStreet's Chief Analyst Valeria Bednarik suggests that currency moves depend on stocks now as the economic calendar is devoid of market moving events.

Key quotes

"EUR/USD needs to accelerate through 1.2790 as the pair is still subdued on self weakness."

"GBP and JPY are leading the way against the greenback, as an empty fundamental calendar leaves currencies on stocks’ hands."

"Stocks are down as FED determines to trim QE this month."

"Chinese GDP next Asian session, BOE Minutes and US CPI on Wednesday main market movers for the next 48 hours."

Hungary Gross Wages (YoY) fell from previous 3% to 2.2% in August

Read more Previous

EUR/USD is testing 1.2830/40 area of resistance

EUR/USD settled above 1.28 posting 3-day high at 1.2837 in early Europe, but failed to break higher; it’s currently trading at 1.2816.
Read more Next
Start livechat