OctaFX | OctaFX Forex Broker
साईन इन
ओपन अकाउंट
Back

Forex Flash: USD index 1-month target at 78.00 - Westpac

“There is the seasonal propensity for the US data to cool into mid-year while China’s recovery is likely to plateau by mid-2013,” says New York based Westpac analyst Richard Franulovich. “The early signs of a topping out in broad US financial conditions adds another layer of caution,” he notes.

With currently USD index trading around the 79.55 level, “We have a one month target for the USD index of 78.0,” Richard adds. “However, as we move deeper into Q2 the mosaic looks notably less supportive for risk appetite, an environment that should see the USD find its feet,” Mr Franulovich concludes.

Forex: EUR/USD inside its thin trading range 1.3572/96

EUR/USD is currently dealing with fresh session lows around the 1.3572, off recent session highs at 1.3596, same session highs seen in NY, inside this thin 1.3572/1.3596 band since late NY trade, with market already shifting focus to Thursday's ECB meeting, where rates are expected to remain unchanged. The pair is up by +0.49% since previous Asia-Pacific open yesterday, while it is still down by -0.55% for the week so far.
अधिक पढ़ें Previous

Forex Flash: Euro higher and another cut in interest rates ahead from ECB - ANZ

With EUR/USD last at 1.3582 just one day ahead of next ECB meeting, “overall monetary conditions are something that the ECB will be watching,” ANZ's Research Team says, adding: “If the exchange rate were to appreciate sustainably from here at a time when the economy remains substantially sub-trend, then that could become an argument for the ECB to cut interest rates,” the analysts suggest.
अधिक पढ़ें Next
Livechat शुरू करें