OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/GBP: Consolidation? – Commerzbank

Karen Jones, analyst at Commerzbank, explains that the EUR/GBP baulked just ahead of the .9101 August high, after spiking higher.

Key Quotes

“While we would allow for some near term consolidation, the move does looks directional and above here would target the top of the 2016-2018 channel at .9172. Risks are on the topside and the market stays bid near term while above the .8941 support. Below .8941 lies the 200 day ma at .8837.”

Long term trend (1-3 months): Targets the .9101 August peak then the top of the 2016-2018 channel at .9172.”

India: Change in monetary policy framework with new RBI governor? - TDS

Analysts at TD Securities note that India’s government appointed Shaktikanta Das as the 25th governor of the RBI, for a 3 year term. Key Quotes “Das
Read more Previous

India: Annual rate of CPI likely to decline to 2.96% in October - TDS

Analysts at TD Securities are looking for a fall in the India’s annual rate of CPI to 2.96% from 3.31% in October, well below the mid-point of the RBI
Read more Next
Start livechat