OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CHF pulling back to 0.9500

Having gone as low as 0.9466 in retracement of Friday's rally on stronger-than-expected US NFP data, the USD/CHF is stabilizing at 0.9490/95 area, for now, and looking at 0.9500.

Germany WPI came in at 0.1% in February (MoM), below 0.3% consensus. CPI and HICP came in at 0.6% and 0.8%, respectively, as expected. France current account deficit widened from €-3.8B (revised from €-3.6B) to €-5B in January.

First target is 0.9595/0.9609, according to Commerzbank analysts. "We then look for gains to the 200 week ma at 0.9694 (please note we have not been above this average for around 3 years). Ultimately we target 0.9972, the 2012 high", wrote analyst Karen Jones.

Forex: GBP/USD hovering over 1.4900, UK data eyed

The sterling is recovering ground from overnight losses, hovering over the key resistance of 1.4900 ahead of trade balance figures and industrial/manufacturing production in the British economy...
Read more Previous

Forex: AUD/IUSD retraces from highs, around 1.0280

After climbing to session highs above 1.0310, the Aussie dollar is now correcting lower and trading in the proximities of 1.0280...
Read more Next
Start livechat