OctaFX | OctaFX Forex Broker
Open trading account
Back

Buy the dips in EUR/GBP – Danske Bank

Chief Analyst at Danske Bank Allan von Mehren suggested buying the dips in the European cross for a potential test of the 0.9000 area.

Key Quotes

EUR/GBP remains bid as growing pressure on UK Prime Minister Theresa May adds to Brexit woes. We still see risks skewed to the upside near term and tactically, we look to buy on dips for a test of 0.90”.

“Today, the release UK CPI data islikely to show a small uptick in CPI inflation in October. We forecast CPI at 3.2% y/y (consensus 3.1%). Moreover, UK BoE governor Mark Carney is due to speak at the ECB conference”.

USD/CHF probable drop to 0.9814 – Commerzbank

In light of the recent price action, the pair could slip back towards the 0.9810/15 band, suggested Karen Jones, Head of FICC Technical Analysis at Co
Read more Previous

Oil: Prices have recovered from June lows but how high can they go? - NAB

Global oil prices strengthened greatly since their recent nadir in mid-2017 and brent has gone from mid-40s in June to exceeding $60/bbl of late – a m
Read more Next
Start livechat