* FX return analysis
* Will the ECB cut rates next week?
* Fundamental wrap: Europe and UK
* Fundamental wrap: US
* Looking for clues from the Fed
* RBA to hold steady
FX markets were fairly flat in October, volatility was low and movements in some of the major pairs were muted, for example in EURUSD and USDJPY, as the market digested heightened levels of US political risk. However, the dollar managed to claw back some recent losses at the end of the month. GBP and SEK led the way lower, after monetary policy weighed on the Riksbank, and the pound ran into some key technical resistance at 1.6260 - now a medium-term high for GBPUSD. October may have marked the start of the dollar recovery.
Source: FOREX.com and Bloomberg
The dollar staged a strong reversal last week and was the best performer in the G10 after a less dovish than expected FOMC statement. EUR and SEK were the weakest performers as the market shifted its focus to Europe and the prospect of... Full text »
Facebook | Twitter | YouTube
Continue Read...
* Will the ECB cut rates next week?
* Fundamental wrap: Europe and UK
* Fundamental wrap: US
* Looking for clues from the Fed
* RBA to hold steady
FX markets were fairly flat in October, volatility was low and movements in some of the major pairs were muted, for example in EURUSD and USDJPY, as the market digested heightened levels of US political risk. However, the dollar managed to claw back some recent losses at the end of the month. GBP and SEK led the way lower, after monetary policy weighed on the Riksbank, and the pound ran into some key technical resistance at 1.6260 - now a medium-term high for GBPUSD. October may have marked the start of the dollar recovery.
Source: FOREX.com and Bloomberg
The dollar staged a strong reversal last week and was the best performer in the G10 after a less dovish than expected FOMC statement. EUR and SEK were the weakest performers as the market shifted its focus to Europe and the prospect of... Full text »
Facebook | Twitter | YouTube
Continue Read...
0 comments:
Post a Comment