OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: EUR/USD remains constructive - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that he remains constructive on EUR/USD in the interim.

He believes that any ability to stay afloat above 1.3000 in the near term may see an eventual test towards the 55D MA at 1.3147 and then 1.3340 multi session. Looking to GBP/USD, he notes that in the absence of a strong domestic macroeconomic pillar, the likes of the GBP may remain vulnerable to episodes of dollar strength. He writes, “. In the near term, the pair may continue to orbit the 55-day MA (1.5314) pending further cues. While any weakness may pave the way to 1.5270, note however that any ability to remain above 1.5300 may see a drift towards 1.5360 and then 1.5470.”

Forex Flash: Less dovish FOMC minutes to support USD/JPY test of 100 - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Yen continues to remain on the defensive overnight with USD/JPY still hovering below the psychologically significant 100.00 level.
Read more Previous

Forex Flash: EUR crosses share neutral near-term outlook – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.
Read more Next
Start livechat