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Forex: US Dollar Index hovering over 82.85/90

FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, is grinding lower on Monday, hovering over the area of 82.85/90 after posting an opening gap above 83.00 from Friday’s close at 82.25

Inflows to the safe havens increased on Monday after the announcements of the bailout of Cyprus, as fears started to build up on a tax levy applied to deposits. Feeling of contagion to other peripheral sovereigns soon followed, intensifying the exodus from the risk-associated assets.

At the moment, the index is losing 0.27% at 82.87 and according to tradingcentral.com, the next support levels line up at 82.40, 82.15 and 81.90; resistance levels are located at 83.05 and 83.15

Forex Flash: USD/CHF expected to reach parity by year-end on Eurozone concerns – Goldman Sachs

The Swiss franc has been a clear beneficiary of events in Cyprus as risk premia abounds in the Eurozone. According to the UBS Research Team, “Domestic clients in Switzerland have steadfastly refused to buy the EUR/CHF even though the cross has traded in a more volatile manner this year above the Swiss National Bank's minimum 1.2000 target floor.”
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Forex: GBP/USD retreats back to 1.5100 support

The GBP/USD has retraced its gains Monday (1.5146 intraday maximum), having fallen back to the 1.5100/handle and first support during American trading. In these moments the cross is negotiating a loss of -0.17% on the day, having re-entrenched itself into negative territory.
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