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8 Apr 2013

Forex Flash: Commodity Currencies look mixed ahead - UBS

FXstreet.com (Barcelona) - UBS Strategists Gareth Berry and Geoffrey Yu have taken a look at today's Commodity pairs from a technical perspective.

Starting with AUD/USD, they are bullish and note that so long as support at 1.0306 holds, there is scope for resumption of strength. They see near-term resistance at 1.0438 ahead of 1.0497. Looking to USD/CAD, they are neutral and feel that near-term directional triggers are at 1.0251 and 1.0089.
Apr 8, 2013

Forex Flash: EUR/USD may continue to find support from weak dollar - OCBC Bank

Emmanuel Ng of OCBC Bank feels that EUR/USD may continue to find support from a “weak dollar” story in next few sessions in the wake of the weak US labor market numbers and with short-end riskies also favoring EUR puts less in the past week.
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Apr 8, 2013

Forex: EUR/USD regains 1.3000

The bloc currency is trading back above the 1.3000 handle on Monday, leaving behind session lows around 1.2970 overnight...
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