In today’s forex forecast video, we discuss the latest in the currency market with Steven Woodcock, Senior FX Analyst at Plutus FX, and Zak Mir, Technical Analyst at Zak’s Traders Cafe.
Key Quotes
USD/JPY – “Kuroda’s comment on helicopter money added uncertainty in the markets and stalled the rally in USD/JPY.”
“BOJ wants much weaker yen and we will go that way, but the problem is everyone wants the same – weak currency”
BOE – “No need to cut rates… everyone reads old books.”
“Sterling is under pressure…and we're gonna remain under pressure for some time.”
EUR/GBP – “Best pair to trade GBP strength as bad news is due out of Eurozone”
USD/CAD - “Moving all over the place as oil is down again”
USD/RUB - “The Russian rouble is about to turn and get weaker again”