FXCM tops forecast table with close calls

Saettele sees the euro and yen gaining against the dollar

Dominos Falling
Domino effect: falls in global stock prices could trigger a break in EUR/USD and USD/JPY


FXCM topped this week's three-month forecast table with close calls on most pairs in an environment where the majors are building momentum to break out of the trading range that has held for a year.

Jamie Saettele, senior technical strategist at FXCM, says that despite the European Central Bank's continued monetary easing, ranges for EUR/USD and USD/JPY will be tested in the weeks to come, with sharp falls in global equity markets being the most likely trigger.


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