OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: EU FinMin meet & G20 give scope for FX jawboning - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the EU Finance Ministers will discuss Cyprus and the Euro this week.

He comments that political scandal in Spain, political uncertainty in Italy, and a 10bp fall back in 2yr Euro rates thanks to Mr Draghi’s massaging of the market, have all helped to cap the Euro. Juckes writes, “It is hard to see EU Finance Ministers really agreeing on a common stand on the currency, given the divergent views between Germany and France, but any German concession towards France’s desire for a weaker Euro will see this correction continue.”

Forex Flash: Bunds eye upside, mindful of 200-day MA – RBS

The Bund market saw a gradual recovery and closed the 142.50 bearish gap from 25 January, where several Fibonacci retracements lie. However, the move signaled further recovery towards 143.20/30 (200-day MA) onto 143.70.
Read more Previous

Forex Flash: SEK, what really matters? - Nomura

Nomura Strategists Geoffrey Kendrick and Matthew Slade have updated the framework for SEK and outlined what they are watching for in 2013.
Read more Next
Start livechat