OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: GBP/USD up around 1.4950

The sterling is extending its correction higher on Thursday, after the post-sales USD rally on Wednesday erased a previous attempt to follow through 1.4980

No calendar in the UK plus a light euro docket would leave the pound to the mercy of the risk trends, following its European counterpart.

At the moment, the cross is up 0.18% at 1.4947 with the immediate resistance at 1.4981 (high Mar.13) ahead of 1.5015 (MA10d) and then 1.5047 (high Mar.8).
On the flip side, a break below 1.4892 (low Mar.13) would expose 1.4832 (low Mar.12) and then 1.4803 (low Jun.23 2010).

Forex: EUR/USD hovering over 1.2950/55

After a failed attempt to break above 1.2980 overnight, the single currency retreated to the current area of 1.2950/55...
Read more Previous

Asian markets mostly higher, Japan up ahead of BoJ nominees' confirmation

Japan's lower house approved Kuroda as next BoJ Governor and the Parliament will be confirming names of nominees for leading the BoJ tomorrow. Ahead of such event, the Nikkei Stock Average rose +1.16%. Mainland China's Shanghai Composite (+0.29%) and South Korea's Kospi (+0.12%) also moved higher on Thursday. On the other side was Indonesia's Jakarta Composite (-1.32%) and Hong Kong's Hang Seng (-0.35%).
Read more Next
Start livechat