OctaFX | OctaFX Forex Broker
Open trading account

EUR/NOK stages powerful rally

Accordingly to the 1-hour MACD, the runaway EUR/NOK market has reached its highest intraday momentum of the last month of trading.

Caution is advised not to trade into a buying climax as a torrent of selling could very well ensue. This could take the form of short-term profit taking or long-term sellers joining the market. The just printed hourly MACD value shows less acceleration, an early sign of a possible plunge in EUR/NOK price action.

GBP/USD under pressure below 1.5000

GBP/USD has extended losses below the 1.50 mark and hit fresh 5-day lows ahead of the NY opening as the pound faces renewed weakness following mixed results from UK’s manufacturing and industrial production.
Read more Previous

Gold is the weakest safe haven today

Gold, a traditional safe haven asset, is the weakest today,. despite the china-led risk-off in the European equities and US equity index futures.
Read more Next
Start livechat