OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/CHF reverses losses, back above 0.9200

The dollar strengthened across the board during the European session as the unexpectedly dovish BoE vote encouraged greenback demand.

Against the franc, the USD managed to reverse earlier losses and stretched to a fresh daily high of 0.9234 ahead of the NY opening. At time of writing, USD/CHF is quoting around 0.9230, where it is little changed since opening.

"The forecast has turned bearish in the near/medium term and a further fall towards 0.9150 is expected", says the Kshitij Consultancy Services Team. "On the upside it has strong resistance in the 0.9230-50 region which is likely to keep the pair under pressure".

Forex: GBP/USD prints lows at 1.5283

Today's decline of the British Pound, driven by technical arguments but also after BoE's meeting minutes revealing Governor King's wishes of additional QE, wasn't held by the 1.5300 mark and went to as low as 1.5283, for now. The market is trying to return to the handle.
Read more Previous

Forex: EUR/GBP retraces from highs, around 0.8743

The pair is cashing up part of the recent gains, retracing ground after today’s tops in the boundaries of 0.8770...
Read more Next
Start livechat