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1 Oct 2013

Flash: EUR/USD likely to stay elevated in the short term - UBS

FXstreet.com (Córdoba) - The UBS analyst team commented on recent economic developments and how they have kept FX traders "cool".

Key Quotes

"The ten year Italian government bond fell by 10 basis points on Tuesday after several members of Berlusconi's PdL announced their support for Prime Minister Letta in a non-confidence vote scheduled for Wednesday. The EUR/USD moved, however, hardly on this positive development".

"Investors wait for the ECB meeting, also held on Wednesday, and look anxiously to the US. Here the political discussion on Obamacare also seems to make some progress".

"EURUSD is likely to stay elevated in the short term".

Oct 1, 2013

EUR/CAD potential top unfolding?

EUR/CAD has printed a high of 1.3994 and is consolidating into what might appear as a bullish constructive phase.

GBP/JPY falls to 158.75 after rejecting the 159.30

The GBP/JPY's recovery from 158.60 was capped at 159.30 as the pair was rejected at this level and currently it's trading at 158.70.