OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/GBP hovering over 0.8600

The demand for the pair remains subdued on Friday, following the generalized weakness in the single currency – around 1.33 vs. the USD - and the sterling – navigating in sub 1.55 levels against the US dollar. The investors’ preference for safer assets is also playing its role in the bearishness surrounding EUR/GBP.

As of writing, the pair is down 0.31% at 0.8598
Next support levels align at 0.8572 (low Feb.13) followed by 0.8544 (MA21d) and 0.8541 (low Feb.12).
On the opposite side, a breakout of 0.8667 (high Feb.14) would clear the way to 0.8684 (high Feb.13) and then 0.8701 (high Feb.4).

Forex: AUD/USD falls to fresh lows

After being rejected once again by the 1.0375 resistance area, the Aussie came under pressure, and slid to fresh daily lows versus the greenback ahead of the NY opening, weighed by broad risk aversion and RBA official's comments.
Read more Previous

Forex Flash: Fed to slow asset purchases pending unemployment – Deutsche Bank

The Fed's Bullard reiterated that it made sense for the Fed to slow asset purchases as data improved, rather than to suddenly bring the purchases to a halt, and said this could even be done in a formulaic manner where for every one-tenth decrease in the unemployment rate, the pace of purchases could be brought down by $15B per month.
Read more Next
Start livechat