OctaFX | OctaFX Forex Broker
Open trading account

The Brazilian telenovela reaches its conclusion – TDS

FXStreet (Barcelona) - Analysts at TD Securities observe that BRL and RUB have been the big outperformers over the past week in FX space with RUB continuing to rally and BRL giving up some of its gains.

Key Quotes

“In Brazil, markets look ahead to future policy decisions when the new economic team is eventually appointed.”

“RUB has enjoyed a sizeable bounce following its sharp sell off, seemingly unconcerned by rising tensions in East Ukraine.”

“This week RUB has continued to rally, while BRL has given up some of its gains.”

“In line with their rallying currencies, both Russian and Brazilian CDS tightened the most over the past week.”

“In Brazil the markets are being kept on tenterhooks awaiting the new economic team. We expect the market to respond well to the expected appointments, but over the longer term, we remain bearish BRL.”

Exit AUD/JPY trade – Westpac

Sean Callow of Westpac believes it is time to exit the long AUD/JPY trade, the pair has made strong gains since the BoJ boosted QE but in recent sessions has come under pressure as AUD has struggled with weak commodity prices.
Read more Previous

Implications of lower Oil prices on FX – SG

Sebastien Galy, of Societe Generale, lists down the implications of falling Oil prices on the Currencies.
Read more Next
Start livechat