FXCM top with steady market view
Retail broker tops the charts with correct one-month view
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FXCM has topped this week's one-month currency forecast rankings, thanks to its view that markets would remain relatively flat, compared to the previous month, as volatility continues to hit lows across the entire market.
On June 13, with EUR/USD trading at 1.36 and USD/JPY at 102, FXCM forecasted the pairs would remain stable over the month, which proved accurate as both stayed at the same levels, along with the three others – EUR/JPY, GBP/USD and USD/CHF.
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