OctaFX | OctaFX Forex Broker
Open trading account
Back

Cable to remain heavy – OCBC

FXStreet (Barcelona) - The Research Team at OCBC Bank sees cable being on the heavier side due to the dollar strength and sentiments around BoE policies.

Key Quotes

"GBP-USD broke below 1.5800 post the BOE Inflation Report and we grow increasingly dovish on the pair in the near term, especially if EUR-GBP manages to re-take the 0.7900 resistance."

"Multisession, cable may thus remain heavy on a mixture of the broad dollar story as well as sustained moderation of hawkish BOE expectations."

EUR/USD trading today around 1.2540 levels - FXStreet

FXStreet Editor and Analyst Omkar Godbole notes EUR/USD trading around 1.2540 level today after bouncing-off support and finishing higher at 1.2527 on Friday.
Read more Previous

Copper turned lower on growth concerns, speculators turn less bearish

Copper prices on the Comex division of the New York Mercantile Exchange and on the London Metal Exchange (LME) declined from a two-week high as the recession in Japan triggered fresh concerns regarding the state of the global economy.
Read more Next
Start livechat