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25 Apr 2013

Forex Flash: EUR/USD shows no intention to move in either direction - UBS

FXstreet.com (Córdoba) - For more than a week EURUSD is now flirting around 1.3000 and shows no intention to move in either direction, up or down, according to the UBS analyst team. "On Thursday the fall of EURGBP was also felt in EURUSD, bringing the rate down from 1.3080 to 1.3000", they comment. "Before that, it was driven higher by concerns about the US economic recovery".

"We still think that the upcoming ECB rate cut and the recession in Europe will drive the euro down. This may happen as soon as the foreign demand for Spanish and Italian bonds ebbs down", UBS concludes.

Apr 25, 2013

Forex: US Dollar Index consolidates losses below 83.00

The US Dollar Index, which gauges the greenback against its major competitors, is trading in the red territory on Thursday, losing at the same time the 83.00 figure...

Forex: EUR/USD gathering pace around 1.3020

The shared currency is extending its corrective upside from session lows around 1.2990 to the current area of 1.3015/20 as the NA session draws to a close....