OctaFX | OctaFX Forex Broker
Open trading account

Forex: GBP/USD hovering over 1.5225/30

FXstreet.com (Barcelona) - The sterling is following its European counterpart on Monday, now giving away part of the initial gains after climbing above 1.5240.

After the last report of the CFTC COT, S.Osborne and G.Moore at TD Securities, commented, “The GBP net short was also extended and remains at extreme levels not seen since autumn 2011. The BoE is in focus later this week and could shift positioning considerably”.

As of writing, the pair is up 0.24% at 1.5230
Next resistance levels align at 1.5260 (hourly highs Mar.25) ahead of1.5280 (high Mar.25) and finally 1.5330 (high Feb.22).
On the downside, a break below 1.5200 (high Feb.28) would aim for 1.5180 (hourly lows Mar.28) and then 1.5165 (MA10d).

Forex Flash: 10-year US treasury profile – RBS

The market continues to see a 1.72% to 2.15% range in 10-year US Treasuries, perhaps persisting through Q2. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years while near-term support is 1.83% - our bias remains to modestly lower yields in the near-term because positioning is favorable (short) and medium-term charts are turning bullish for the first time since early December.”
Read more Previous

Forex Flash: BoJ may be set up to disappoint (in a JPY-positive way) - TD Securities

The Bank of Japan is scheduled to publish its interest rate and monetary policy decision next paril 4th at 3 GMT (12m Tokyo time) and market is expecting the BoJ to hol rates at 0.1%. But the real focus will be the new Governor Kuroda's announcements.
Read more Next
Start livechat