OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: EUR/USD tender as GBP/USD consolidates - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC bank notes that in teh current environment, EUR/USD may remain relatively tender with the pair already peeking below its 200D MA at 1.2882.

Further, he sees that the next stop is expected towards the 1.2724 neighborhood. Datawise he sees a slew of confidence indicators ahead this week. Shifting to GBP/USD, he notes that further consolidative behavior may persist given that Eurozone news have taken center stage for now, outweighing structural GBP negatives for now. He writes, “Greater certainty meanwhile may be expected from the EUR/GBP, with the cross remaining inherently bearish in the near term.”

Forex Flash: Investor unease over structure of Cyprus agreement lingers - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that investor unease over the Cyprus agreement was reinforced yesterday following comments from Eurogroup head Dijsselbloem stating that the rescue programme agreed for Cyprus represents a new template for resolving euro-zone banking problems.
Read more Previous

Forex: EUR/HUF around 306.00 ahead of NBH rate decision

The Hungarian forint is hovering over the 306.00 handle on Tuesday, ahead of the NBH monetary policy meeting due this afternoon...
Read more Next
Start livechat