OctaFX | OctaFX Forex Broker
Sign in
Open account
Back

Third quarter release more important - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that June data across the board, barring a significant surprise, will lose its potential to impact the market.

Key Quotes:

"With the euro zone and Japan's GDP figures, the second quarter is statistically over and June data, barring a significant surprise, will lose its potential to impact the market”.

“Third quarter data is considerably more important for investors and policy makers. This is true of several pieces of economic data to be released in the coming day, including the US JOLTS data."

Fed to hike over two distinct stages - BAML

Analysts at Bank of America Merrill Lynch explained that an increasingly popular view of the Fed is that they will hike rates in two distinct stages.
Read more Previous

USD/CAD drops further, approaches 1.0900

The USD/CAD hit a fresh daily low at 1.0919 during the US session and remains near daily lows, consolidating losses, trading 50 pips below the price it had at the beginning of the day.
Read more Next
Start livechat