OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: EUR/USD to stay above 1.30 despite volatility – Commerzbank

Italy's political stalemate is hurting sentiment, with European stock markets easing and Spanish and Italian bond yields rising, while bunds are back in demand in their role as a safe haven. Also, short term volatilities have risen notably, but longer term volatilities have not really been affected yet. “This discrepancy can be explained by the fact that the FX market was relatively quick to price out the crisis following the ECB’s announcement of unlimited bond purchases. Positions were adjusted as a result: the market went long EUR. Short term these positions are now getting too hot for the participants as the uncertainty about the political future in Italy and thus the reform efforts in the country is rising”, wrote analyst Antje Praefcke, expecting the 1.30 mark to hold for the time being, “but short term the euro’s upside potential is limited with the risk concentrating on the downside – in particular against the background of positive data from the US”.

Forex: USD/JPY at lows

The USD/JPY is steadily edging lower as the European morning unfolds, now already below the Asian session low of 91.64. On the downside, the pair has yesterday's low of 91.14 to target, ahead of Monday's low of 90.91.
Read more Previous

Forex: USD/CAD trading positively at 1.0263/68

The USD/CAD has been confined to a rather narrow trading region (1.0250 daily minimum, 1.0274 daily maximum) ahead of the US session, which looks to be capable of driving the pair in either direction. In recent moments the cross has edged higher into positive territory, operating at 1.0263/68 at the time of writing, up a modest +0.05%.
Read more Next
Start livechat