OctaFX | OctaFX Forex Broker
Open trading account

Gold reaches 1180 support area

FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov points out that gold fell off the support level 1200 has reached the 1180 area.

Key quotes

"This area has bounced the price to the upside two times in 2013."

"I think that breaking below this support will extend at least to 1110 till the end of 2014, and maybe a lot more in 2015."

"After reaching 1182 recently the metal will try to gain power by any pullback to 1200 and then will dive deeper again."

"Indicators are bearish but with some recovery signs."

Russia's September CPI jumps to 8% - ING

According to Dmitry Polevoy from ING, the food imports ban imposed on Russia by the West and the RUB pass-through pushed Russian inflation in September to a three year high of 8% on an annual basis and to 7% month-on-month.
Read more Previous

SEB: EUR/USD correction failed to play out - eFXnews

The eFXnews team comment that SEB observes how EUR/USD lost chances for a corrective reaction dropping below 1.2614.
Read more Next
Start livechat