OctaFX | OctaFX Forex Broker
Buka akaun dagangan

Forex: EUR/USD keeps the lows around 1.3530/35

The bloc currency is now extending the consolidation centred on 1.3520/25 on Wednesday, as risk aversion is prevailing among investors.

In reference to the last rebound of the euro, Senior Analyst M.Helt at Danske Bank argued “In our view it underlines the current strong support from relative rates, the cyclical outlook and risk appetite to the euro. In that respect is the expectation of easier monetary policy in Japan, the US and the UK also good news for the euro as it supports the global recovery and market’s sentiment”.

As of writing the pair is losing 0.33% at 1.3537
Next support levels line up at 1.3522 (MA10d) ahed of 1.3459 (low Feb5) and then 1.3415 (low Jan.29).
On the upside, a breakout of 1.3598 (high Feb.5) would bring 1.3620 (intraday support Feb.4) en route to 1.3660 (high Feb.4).

Forex Flash: More USD/JPY rally if new BoJ Governor antecipates bond purchases - Commerzbank

Having decided to step down from office three weeks earlier than original expected, BoJ Governor Masaaki Shirakawa triggered more weakness of the Yen. “The fact that even this news managed to put pressure on JPY suggests how cautious the market is”, wrote analyst Lutz Karpowitz, adding that “speculation about his successor is likely to now take off”.
Baca lagi Previous

Forex Flash: French President Hollande ignored basic economics yesterday - Commerzbank

Commerzbank analysts are amazed with French Prime Minister François Hollande's take on Euro exchange rates made in front of the European Parliament yesterday, concerned with its “strength” and in favor of an explicit exchange rate policy for the euro zone. “Comments of this nature not only negate one of the main pillars of the Monetary Union but also ignore basic principles of economics”, wrote analyst Carolin Hecht.
Baca lagi Next
Start livechat