The London market FX outlook sees the euro/dollar facing resistance on the upside, with the pair expected to remain heavy even as oil prices continue to fall. The Swiss franc’s October CPI is also expected to attract attention, according to reports.
The London market outlook sees the euro/dollar facing resistance on the upside. Even as oil prices continue to fall, cautious conditions are expected to persist in the movements of major currencies. Market participants are said to need to bear in mind that these movements are susceptible to interest-rate differentials and developments in other currencies.
Despite the impact of lower oil prices, short-term movements may be limited depending on dollar-market trends and shifts in risk appetite, according to reports. In the foreign exchange market, attention is expected to be needed on data releases and other market-moving factors after the start of European trading, as well as on market positioning.
For the Swiss franc, October CPI is expected to be the market’s focus, with trading trends in the franc likely to depend on the results, according to reports. Attention is expected to focus on the market’s response to upcoming news and data releases.