OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: EUR/USD upside skepticism may persist - OCBC Bank

Emmanuel Ng of OCBC Bank feels that skepticism towards excessive EUR/USD upside may yet persist despite the pair failing to stage a breakout below 1.3058 on Wednesday.

He feels that pending further news flow from the Italian front, the pair may thus base build near current levels with 1.3182 expected to be a near term resistance. In the interim, we retain a heavy stance for the pair. Looking to Cable, he feels that on balance he thinks that the net impact of the continued stream of BoE rhetoric in recent sessions indicates continued comfort with the possibility of further QE and/or sustained GBP softness. He writes, “As such, expect the GBP/USD to continue to trade heavy while orbiting the 1.5200 neighborhood.”

Forex: EUR/NOK unchanged after sales

The Norwegian krona is now gathering pace against the single currency, after Retail Sales in the Nordic economy expanded 1.0% during January, surpassing December’s raise at 0.2%...
Read more Previous

Forex Flash: Higher Beta currencies have rallied on risk move - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale comments that higher beta currencies have uniformly rallied on the risk move and equity rally but several still look short of momentum.
Read more Next
Start livechat