OctaFX | OctaFX Forex Broker
Open trading account

Any EUR/USD recovery to hold below 1.2570 - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group see any recovery in EUR/USD to hold below the 1.2570 level.

Key Quotes

"The break of the 1.2540 support resulted in a sharp drop to a low of 1.2485 last Friday."

"Despite oversold conditions, there is no sign of a low just yet."

"Expect any recovery to hold below 1.2570 for a move towards 1.2470."

Reduction in USD positioning driven by JPY - ANZ

ANZ Strategists, HuiYing Chan and Khoon Goh observe that for the second running week JPY has driven the reduction in USD positioning.
Read more Previous

Sharp contrast in Japan's monetary stance versus US and Eurozone - BTMU

Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ comments on the BoJ's easing action on Friday, which sent the JPY sharply down.
Read more Next
Start livechat