OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: GBP/USD… sell?... buy? – UBS and Commerzbank

The sterling is extending its pronounced correction higher on Thursday, climbing more than one big figure from levels sub 1.4940 to the boundaries of 1.5060

“Any upside will be limited and resistance at 1.5015 should hold. Initial support is at 1.4832, a break below would open 1.4687”, commented Strategists G.Yu and G.Berry at UBS.

In the same line, Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested, “We do not believe that the longer term down move is over and view this as a short term correction. Longer term we look for losses to 1.4259/29, the 2010 low”. The expert remarked that upside attempts should be initially contained at 1.4992 ahead of 1.5236

Forex: EUR/USD upside capped at 1.2980

The upside of the single currency lost impetus in the vicinity of 1.2980 on Thursday so far, recovering ground after dipping to fresh 2013 lows around 1.2910/15...
Read more Previous

Forex Flash: Tracing the potential rise of US bond yields – Goldman Sachs

“Simply rolling along the path towards the first US rate hike and the end of the balance sheet expansion should put steady upward pressure on bond yields over the next few years. This may be mitigated to a degree this year, as the market shifts towards a more dovish view of the Fed’s reaction function.” states the Economics Research Team at Goldman Sachs. However, this is likely to be a temporary reprieve. The exercises here clearly highlight the risk that yields may rise faster over the next few years than our current forecasts, or the forwards, suggest.
Read more Next
Start livechat