OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD: ECB will not like 1.1500 - BBH

FXStreet (Guatemala) - Analysts at BBH noted that the ECB meets tomorrow.

Key Quotes:

"While the flexibility of QE will likely be emphasized, some market participants may be disappointed by the tempered dovishness. Narrow ranges have prevailed since last Thursday's reversal. However, the risk of disappointment may favor the upside near-term. "

"Specifically, the $1.1320-1.1330 area may offer a springboard to retest the $1.1400-1.1425 area. On the other hand, continued euro gains are not helpful to the Eurozone, and one should expect some verbal pushback if it moves closer to the $1.15 area."

What is QE anyway?

USD/JPY: rallies on BoJ/Fed expectations - Scotiabank

Eric Theoret, CFA, CMT FX Strategist explained that JPY is soft, underperforming its G4 peers on the back of disappointing trade data while outperforming most high-beta growth sensitive currencies in an environment of elevated risk aversion.
Read more Previous

Japan headed for technical recession - BTMU

Analysts at Bank of Tokyo Mitsubishi noted that the disappointing economic data from Japan continues to build and headed for a technical recession for Q3
Read more Next
Start livechat