OctaFX | OctaFX Forex Broker
Open trading account

EUR squeezing higher onto 1.34 handle - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the surge up onto the 1.34 handle.

Key Quotes

"The euro has squeezed higher and reached a three-day high near $1.3410. The advance caught many participants by surprise."

"It seems largely to be a function of short-covering, as some players are moving to the side-lines given the greater uncertainty. There are reportedly large option expirations today, with strikes near $1.3400."

China in focus and of great interest – BAML

Analysts at Bank of America Merrill Lynch noted events around China of which have been of great interest in markets of late.
Read more Previous

AUD/USD steady around 0.9275

The AUD/USD moved sideways around 0.9275 during the American session and is about to finish the week with a decline of 35 pips
Read more Next
Start livechat