OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: Commodity-based pairs differ in intraday outlook – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.

In terms of the AUD/USD, “There’s scope for more downside with the bearish conditions persisting. Support is at 1.0202 ahead of 1.0115, while resistance is at 1.0308 ahead of 1.0359” In addition, the USD/CAD indicators suggest a bullish outlook, as near-term resistance is at 1.0294 – a break of this would open 1.0342. Moreover, support is at 1.0230 ahead of 1.0203.

Forex: EUR/USD hovering over 1.3010/15

The single currency is paring earlier losses on Monday, not only regaining the 1.3000 mark but also pushing the cross to the current levels around 1.3020....
Read more Previous

Forex Flash: Patience required for 10-year US treasuries – RBS

10-year US treasury yields appear to be 'settling in' to a new/old lower rate range of 1.55% to 1.85%. According to the RBS Research Team, “Buyers should remain patient and flat and counter-trade moves to the range boundaries. Here at mid-range we see little that inspires us as fundamental and technical signals conflict.”
Read more Next
Start livechat