Forex Flash: USD/JPY looks poised to try 100.00 again - BBH

FXstreet.com (Barcelona) - Marc Chandler, Global Head of Currency Strategy at BBH, notes "short-term speculative sentiment remains wholly yen negative and technically the market looks poised to try again at the JPY100 level."

A break above the big round umber could see gains extended toward JPY101.40, while a break of JPY97 is now needed to "dampen the constructive technical tone" he added. USD/JPY is last t 99.12 after a 15+ upside gap at the opening.

May 5, 2013

France calls end of the austerity dogma

French Finance Minister Pierre Moscovici is calling for an end to the austerity era following a more lenient approach offered by Germany and the European Council, both accepting last Friday an extension of two years for France to meet its public deficit targets, set below 3%. The gloomy economic prospects of the country let to take this decision.

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May 6, 2013

Forex: EUR/USD still range bound after very busy week of data

The EUR/USD finished the day up 55 pips at 1.3116. After suffering steep losses the previous day after the ECB Monetary Policy press conference, the pair able to claw back some losses after a few ECB members downplayed the idea of negative interest rates on deposits. We will see Retail Sales released in the upcoming European Session at 9:00GMT. Furthermore, ECB President Mario Draghi will be speaking at 13:00GMT.

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