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Mar 1, 2013
Forex Flash: Looking to trade USD short - Nomura
The Nomura FX strategy team is looking to trade the dollar from the short side in the next 1-2 months, with the key reasons being: "The Fed is not close to done, overall data picture remains quite weak, Italian election risk-off is not full-scale panic, entry levels are attractive for dollar shorts in several crosses" the team argues.
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Mar 1, 2013
Forex: EUR/USD keeps selling pattern; 1.30 under threat
The Euro fortunes seem to have terminated right at the inflection point 1.3150/60, where renewed downward pressure sent the pair sliding to currently be pressing against key support 1.3040, and ahead of the round 1.30.
Failure to maintain gains by the S&P 500 and other equity indexes did not help to ease the pressure in the EUR/USD.
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Failure to maintain gains by the S&P 500 and other equity indexes did not help to ease the pressure in the EUR/USD.