FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, sees volatility returning to low levels.



Key Quotes



"EUR/USD traded within a 20 pip range yesterday, as did USD/JPY. Implied vol has generally settled down lower since last Thursday, particularly following stabilisation in global equity markets."



"US equities recovered some poise yesterday, responding to the fall in Treasury yields that followed Friday's employment report".



"It looks like an environment that is dollar-negative and friendly for higher-yielding currencies yet there remains an edginess to the mood and unless the S&P500 gets back above 1950 we will remain in a 'sell rallies' mood for EMFX, as well as AUD, CAD and NZD. Today's economic calendar will give us services PMIs in Europe and the US (ISM), but these are unlikely to affect the mood much."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Video: Will the Market Move on NFPs with Liquidity, Greece Hanging Over It?

  2. Forex News

    Key Levels to Know on USD Majors Heading into NFPs and July Trade

  3. Forex News

    EUR/USD falls below 1.1050; What's next?

  4. Forex News

    Greenback stands victorious - FXStreet

  5. Forex News

    July's outlook for Europe, weak EUR, GBP and CHF - Scotiabank

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!