Flash: EUR/USD to hold above 1.3000 next year - Rabobank

FXstreet.com (Córdoba) - Rabobank Strategist Christian Lawrence highlighted a more structurally bullish view for the USD with a long timeline.

Key Quotes

"We expect EUR/USD to hold north of 1.30 until the second half of 2014".

"That said, a look at an hourly DXY chart shows strong bullish divergence and a broadening bottom pattern which in combination with the intersection of two bullish trendlines on the daily chart points to a strong USD buy signal in the near term".

Oct 22, 2013

EUR/JPY at one month high ahead of NFP

The EUR/JPY is trading steadily upwards, after having already printed new monthly fresh highs, inspired by a slight bid on USD/JPY and a really muted EUR/USD.

Flash: NFP likely to have transitory effect on markets – BBH

The US government will publish today the nonfarm payrolls report for September, which was delayed by the federal shutdown. Expectations are building around a 180K gain versus 169K the previous month. However, BBH analysts note that despite the focus on the report, it may prove insufficient to awake the market from its slumber, beyond a knee-jerk reaction to the headline.