OctaFX | OctaFX Forex Broker
Open trading account

Long USD against GBP, AUD, CAD and NOK – RBC

FXStreet (Delhi) – Research Team at RBC, suggest in their month end hedging strategy to buy USD against the likes of GBP, AUD, CAD and NOK, supported by their hedging model as the US equities are down 4.6% MTD.

Key Quotes

“In the absence of a significant rally in US equities today, our model will suggest buying USD against GBP, AUD, CAD and NOK at the NY close today, holding the position to tomorrow’s close. On the last trading day of August, the model’s signals were all long USD and the return was +0.2%.

Gold extends the sell-off towards $ 1125

Gold prices remain pressured and trade with sizeable losses for the third straight session on Tuesday as markets remain wary amid Fed 2015 rate hike prospects and the ongoing global sell-off.
Read more Previous

EUR/USD firmer, 1.1300 on sight

The shared currency is extending its upside momentum on Tuesday, now lifting EUR/USD to daily highs around 1.1280...
Read more Next
Start livechat