Back

Flash: FX Set-up: Looking Ahead to the New Year - TD Securities

FXstreet.com (Córdoba) - Month-end flows may generate a little interest in the market today but flow-driven trade is likely to be the only real driver of movement ahead of the year-end, according to the TD Securities team.

Key Quotes

"Recall that seasonal patterns which have been more adversarial for the USD in the latter part of the 2013 tend to be a little more USD-supportive moving into the early part of the new calendar year".

"In the past 10 years, January has been the second-worst month in terms of performance for the EUR (May being the worst)".

"Current, lofty levels in spot are a prime opportunity for short positions still, we feel".

USD/CAD falls to daily lows

The USD/CAD extended intraday slide at the beginning of the American session following the latest string of US data.
Read more Previous

GBP/USD ends the year with a fresh high

The GBP/USD picked up momentum and extended gains to a fresh 2013 high as the year as they year draws to an end.
Read more Next