Forex Flash: Currencies derived towards trading in range - HSBC

FXstreet.com (Barcelona) - lack of clear movement in the FX market, with the turmoil in the EUR/USD is a good example of such a pattern, suggests "a tendency to drift to the trading range," said HSBC.

HSBC says: "consider the recent example of those who sold the euro on the basis that it seemed more likely that recortasen the interest rates of the ECB." For a time, the world was in a simple way. Sell the euro rates are going down--were back in the good old days. But the euro has continued dropping, recovering some ground while had not occurred any remarkable retreat in expectations about the rate of the ECB cut. This typifies the problem that we face today."

HSBC adds: "analysts, investors and traders are trying to find a clear explanation for the movements in currencies, by taking a position more smaller, conform the stops, and earnings are made more quickly. As a result, the coins are adrift in ranges. Even those currency trends in the first quarter of 2013 as the GBP-USD and USD-JPY enjoying have turned towards the side patterns."

For the moment, HSBC recommends the best strategy "not to ask a clear unifying explanation for all currencies, but instead to recognize the lack of clarity and operate ranges until it becomes easier again the world of Forex."

* FXstreet.es, news of currency *