CFD News

FX option expiries for Oct 6 NY cut

Future financial technology controlled by AI robot using machine learning and artificial intelligence to analyze business data and give advice on investment and trading decision . 3D illustration .

In the opinion of Economist Lee Sue Ann and Markets Strategist Quk Ser Leang at UOB Group’s Global Economics & Markets Research, a drop in USD/JPY to the 143.00 vicinity looks to have misplaced momentum as of late.

Key Quotes
24-hour view: “Yesterday, we have been of the view that USD ‘is probable to wreck 143.50 however is not likely to task the next foremost assist at 143.00’. However, USD did now not spoil thru 143.50 as it rebounded strongly from the aid degree (low has been 143.50). The risky charge movements have resulted in a combined outlook. USD may want to proceed to change in a uneven manner, probably between 143.80 and 144.90.”

Next 1-3 weeks: “We stated the day prior to this (05 Oct, spot at 143.90), momentary downward momentum is constructing and we predicted USD to change with a downward bias closer to 143.00. USD in consequence dropped to 143.50 earlier than rebounding strongly to a excessive of 144.84. While our ‘strong resistance’ stage at 144.90 is now not breached, the odds of USD heading decrease to 143.00 have diminished.”

Related posts
CFD News

EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

EUR/USD retailers bide time earlier than the subsequent downswing kicks in. Daily horizontal guide…
Read more
CFD News

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

USD/INR bears are taking manage and are shifting into each day support. USD/INR should be in for a…
Read more
CFD News

Japan’s Top FX Diplomat Kanda: Sharp one-sided currency moves cannot be tolerated

Japan’s pinnacle forex diplomat Masato Kanda warned on Thursday, sharp one-sided foreign money…
Read more
Newsletter
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *