OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Commodity-based currencies lack immediate headwinds – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.

In terms of the AUD/USD, “we reiterate a bullish near-term outlook as the pair extends its strength and there is no major resistance until 1.0604/1.0627.” they note. Should a pullback occur, support lies below at 1.0406. In addition, the USD/CAD indicators suggest a neutral outlook, with near-term resistance is at 1.0197, ahead of 1.0251 – support is at 1.0135 ahead of 1.0089.

Forex Flash: China's exports could still be overstated - Nomura

Nomura economist, Rob Subbaraman notes that China's exports to Hong Kong and Hong Kong's imports from China do not match.
Read more Previous

Forex Flash: FOMC minutes the headline - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that like in Europe, the data schedule in the US today is light.
Read more Next
Start livechat