OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: GBP/USD may consolidate ahead of further weakness to 1.5000 – Commerzbank

The GBP/USD suggest a move to 1.5375 and possibly 1.5525 correction ahead of further weakness: “We suspect we will see the market consolidate some of these losses ahead of further weakness”, wrote analyst Karen Jones, pointing to extremely negative price action resulting in the agressive slice through the 1.5271/35 target (2012 low and the 50% retracement of the move since 2009 located here) last week. “Beyond a rebound we look for losses to 1.5000 and then 1.4853, the 61.8% retracement of the 2009 move”, she added.

Forex: AUD/USD consolidates losses below 1.0300

The Aussie dollar is recovering ground lost, after the softer-than-expected Chinese data from the flash manufacturing PMI in February dragged the cross to session lows around 1.0260...
Read more Previous

Forex Flash: USD/JPY sets new highs amid BoJ nomination – UBS

The USDJPY rose to a new multi-year high of 94.77 overnight after several Japanese newspapers reported that Haruhiko Kuroda has won the government's nomination for Bank of Japan Governor. The same reports claimed that Kikuo Iwata has been selected as one of the two deputy governors – a fact he himself confirmed later.
Read more Next
Start livechat