OctaFX | OctaFX Forex Broker
Open trading account

A return of USD strength for 2015 - ANZ

FXStreet (Guatemala) - The research team at ANZ explained that they strategically retain a strong USD bias.

Key Quotes:

“But expect the short-term environment to be rangy and currency moves to be more idiosyncratic”.

“In the past month the long USD view has become increasingly reliant on the JPY leg, but being too reliant on a single driver urges caution”.

“Beyond the JPY, news out of China has improved, while global inflation dynamics are clouding the near-term trajectory for the Fed”.

“Further, since the ‘flash’ crash in bonds, the volatility in the bond market has declined, while that of the FX market has risen”.

“We are not convinced that it is reasonable for currency markets to keep moving on the basis of common macro drivers when the rates market is not”.

EUR/USD: Looking to see above 1.25 - 2ndSkies

Chris Capre, Founder at 2ndSkies Forex, is looking to sell EUR/USD above 1.25, with tight stops above the monthly high, with downside target the lower end of the range.
Read more Previous

AUD/JPY down 1.2 cents, bears eye 100.00

AUD/JPY's relentless uptrend rolled over for a second day in a row, something not seen since Oct 10, with Tuesday's sell-off - down 1.2 cents - towards a new 2-week low at 100.40 being the worst daily loss since aforementioned Oct 10.
Read more Next
Start livechat