OctaFX | OctaFX Forex Broker
Open trading account
Back

Buy the dips on GBP/USD – OCBC

FXStreet (Edinburgh) - According to FX Strategist at OCBC Bank Emmanuel Ng, occasional pullbacks in the pair could be buying opportunities.

Key Quotes

“Any potential negative data flow out of the UK may prove secondary to US data points in the near term”.

“Note that the pair has firmed above its 55-day MA (1.5424) with a junction expected into 1.5500 before 1.5550”.

“In the interim, expect a buy-dips posture as BOE rate hike expectations remain an inherent support for the pair”.

US CPI data likely to reflect subdue inflationary pressure - Rabobank

Piotr Matys, EM FX Strategist at Rabobank, suggests that the US CPI data should reflect subdue inflationary pressure with the headline rate expected to fall 0.1% y/y in September from 0.2% y/y in August, according to Bloomberg’s survey.
Read more Previous

US CPI preview: What to expect in EUR/USD?

The EUR/USD pair fell to a low of 1.1425 in Europe on the back of gains in the European stocks, marking a failure to sustain above 1.1475 (161.8% expansion of the March low-March high-April low) ahead of the US CPI figure release.
Read more Next
Start livechat