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Forex Flash: Its all about the price action – BBH

By FXstreet.com,  January 03, 2013, 08:41:00 AM EDT

FXstreet.com (Barcelona) - Brown Brothers Harriman analyst suspect that markets will fade the dramatic price action and a pull back in the Euro and to a lesser extent Sterling, could be seen as a new buying opportunity.

In terms of price action, they note that the dollar is mixed. It is stronger against the euro, sterling and Scandies, while being weaker against the yen and little changed against dollar-bloc currencies. "EUR/USD is trading around $1.30 and GBP just below $1.62. USD/JPY is trading just below 87.0. The MSCI Asia Pacific index gained 0.4% but European bourses are giving back some of their recent gains, with the DAX down 0.3% and the CAC down 0.6%. S&P futures point to a lower US open."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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