OctaFX | OctaFX Forex Broker
Open trading account

EUR/GBP - Rises above 0.89, risk reversals at 6-week high

  • EUR/GBP clocks 4-day high.
  • Risk reversals gain altitude, signal strong bullish bias.

EUR/GBP clocked a four-day high of 0.8915 in Asia, adding credence to the bullish doji reversal (higher low at 0.8842) confirmed earlier this week. The risk reversals gauge indicates the bullish move could be extended further next week.

Risk reversals

  • The one-month 25 delta risk reversals gauge rose to 0.425; its highest level since Oct. 12. It indicates increased demand for EUR calls.

China’s FinMin: Will cut import tariffs on some consumer products from Dec. 1 - RTRS

Reuters came out with the latest comments from the Chinese Finance Ministry official, citing that China will cut import tariffs on some consumer produ
Read more Previous

AUD/JPY: Better bid, but capped below 85 handle

The AUD/JPY pair extended its recovery mode into a second straight session on Friday, but further upside appears to lack follow-through, as most trade
Read more Next
Start livechat