OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD holding up against 5yr high US Consumer Confidence

FXstreet.com (London) - Consumer Confidence came out higher than expected 76.2 which is a 5 yr high since Feb 2008.

Also, previous number was revised slightly higher and traders have pushed the pair lower on the release.
Sterling has shed a marginal 10 pips to below 1.5081 bid. Support is at 1.5063 followed by 1.5013 (previous week low).

EUR/USD crumbles to 1.2900 level after US confidence

The EUR/USD fell off the 1.2920 handle during US trading, having faced the impetus of data in the United States that finally seemed to trigger some manner of movement in the pair.
Read more Previous

Commodities Brief – Gold trading at session lows, crude rides bullish streak to resistance at 95.50

Gold seems to be in the process of completing an inverted bearish cup with handle pattern, given its sporadic pricing as of late. The pattern certainly does not guarantee a previously likely bullish bias, as the break below the ascending support of the handle at 1380 signals a continuation of the bearish wave, as the pattern has a bearish implications. Following the release of optimistic US data and a slight rise in the USDIX, the yellow metal has fallen to intraday lows at USD $1376.36 per oz.
Read more Next
Start livechat