OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: GBP/USD in weekly highs above 1.5100

The sterling is following its European peer on Friday, advancing beyond the key resistance of 1.5100 ahead of the CB Leading Economic index during February in the UK.
After dipping to multi-year lows in the vicinity of 1.4830 on Tuesday, increasing buying interest has been pushing the pound higher to the current weekly highs above 1.5120

As of writing, GBP/USD is up 0.18% at 1.5112 with the next resistance at 1.5150 (MA21d) ahead of 1.5156 (high Mar.6) and then 1.5200 (high Mar.5).
On the flip side, a breakdown of 1.5014 (MA10d) would expose 1.4915 (low Mar.14) and then 1.4892 (low Mar.13).

Forex: EUR/USD well supported by 1.3000

The single currency is stabilizing above the key level of 1.3000 on Friday, keeping alive yesterday’s rally post-jobs data in the US....
Read more Previous

Japan's Nikkei rises on confirmation of Kuroda as BoJ Governor

Japan's Nikkei Stock Average rose by +1.45% as the upper house confirmed Haruhiko Kuroda as the new BoJ Governor, and Kikuo Iwata and Hiroshi Nakaso as Deputy Governors, and they will start their jobs in March 20. “Confirmation of new BoJ Governor Kuroda was a mere formality, and we await the first BoJ meeting on April 3 to see if strong words are backed by aggressive deeds”, wrote TD Securities analysts.
Read more Next
Start livechat