In view of FX Strategists at UOB Group, any USD strength is seen as part of a consolidative phase in the near term. Key Quotes 24-hour view: “USD traded sideways as expected, albeit at a much narrower range than anticipated. The consolidation phase appears incomplete and further range trading is expected, likely within a 111.35/112.05 range”. Next 1-3 weeks: “USD traded in a surprising quiet manner yesterday and ended the day largely unchanged (NY close of 111.65, -0.05%). As highlighted in recent updates, we are not convinced that the post-BOJ rally in USD is the start of a bullish phase. While the immediate risk is tilted to the upside, we view any USD strength as part of a 110.60/112.50 consolidation range for now”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Comfortably retaining its growth leadership position – Westpac FX Street 5 years In view of FX Strategists at UOB Group, any USD strength is seen as part of a consolidative phase in the near term. Key Quotes 24-hour view: "USD traded sideways as expected, albeit at a much narrower range than anticipated. The consolidation phase appears incomplete and further range trading is expected, likely within a 111.35/112.05 range". Next 1-3 weeks: "USD traded in a surprising quiet manner yesterday and ended the day largely unchanged (NY close of 111.65, -0.05%). As highlighted in recent updates, we are not convinced that the post-BOJ rally in USD is the start of a bullish phase.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
