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Forex Flash: Less FED accommodation supportive for USD - RBS

FXstreet.com (Barcelona) - According to Greg Gibbs, FX Trading Strategist at RBS, many believe “that the Fed is continuing its very accommodative policy for a long time yet.” But instead, he thinks that “the incremental shift is towards less accommodation,” the analyst says, “and the result should be seen as a net positive for the USD,” Greg suggests.

From Mr Gibbs: “Furthermore, it should increase the links between stronger US data and a stronger USD,” Greg concludes.

Forex: AUD/USD below 1.0470 ahead of RBA Stevens

AUD/USD is currently at 1.0450, off fresh session lows at 1.0447, falling from session highs at 1.0470, ahead of RBA gov Stevens speech at 04:45 GMT. The pair has started to sell as soon as Shanghai an Hong-Kong opened, losing -1.73% and -0.66% respectively. Over all, local share markets are in the red, but Korean Kospi that gains +0.32%.
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Forex Flash: CAD/JPY, risk of broader correction growing – TDS

CAD/JPY is last at 92.47, about flat for the week, but recovering on BoJ Kuroda's comments from recent fresh 2-week lows at 91.46, following recent pressure in the cross, TD Securities Toronto FX Research Team say.
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