OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: Risk currencies on the defensive – UBS

FXstreet.com (Barcelona) - Regarding risk currencies, there wasn't much optimism as all were net sold, though not in significant volume. According to Gareth Berry, a Research Analyst at UBS, “The uniformity of flow suggests that investors will more willing to head into Q2 on a relatively defensive stance, especially as reasons to be risk averse, be it Eurozone issues or weak US/EM data, probably exceeded expectations.”

Nonetheless, asset managers were marginal buyers in the NZD/USD and AUD/USD, offset by flow from other client categories, which ultimately limited overall losses. NOK and CAD sales were the heaviest, pointing to ongoing fear that the 'AAA' block will continue to suffer from unwinding due to domestic woes, despite pressure to reallocate out of the Eurozone.

Forex: EUR/USD eyes 1.2880 as risk sharpens

The shared currency continues its march north on Monday, propped up by the increasing risk appetite prevailing amongst investors and the unusual volatility due to the inactivity in Europe, as markets remain closed...
Read more Previous

Commodities Brief – Gold trades at 1600, silver falls below 28.00

Gold prices were virtually unchanged Monday, during heavily muted trading following the Easter holiday weekend. The yellow metal is presently trading sideways, having touched the 1600 mark in recent minutes. In these moments, gold spot prices are trading at $1599.44 per oz., evidently unable to break out of this consolidation in the absence of any pricing catalysts.
Read more Next
Start livechat