OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Bund characterized by bullish outlook – RBS

FXstreet.com (Barcelona) - According to Technical Strategist Dmytro Bondar at RBS, “Bunds tested new highs above the 146.77 resistance confirming the bullish view – the level is the 161.8% Fibonacci projection from the January-March impulse wave.”

Moreover, there is however another resistance level of 146.93, which needs to be cleared to look for a rally to the next major pivot point of 147.63. Support is gained at 146.50, 146.23 and 20-day MA. Overall, “we keep a bullish stance, looking for a test of 147.43/63, 148.09 and 148.44/50. The primary caveat would be a sustained break below 146.23 and/or 20-day MA.”

Forex: EUR/USD above 1.3100 ahead of EU economic growth forecasts

The EUR/USD was trading sideways around 1.3065 ever since the plunge on ECB Draghi’s press conference, admitting the readiness for negative deposit rates if needed, but money flows ahead of the European opening allowed a move back to 1.3100 ground as investors price in expectations ahead of the economic growth forecasts by the European Commission. The pair is pushing higher and has printed a high at 1.3116, for now.
Read more Previous

Forex: USD/JPY retreats off highs to 98.14/18

The USD/JPY got off to a hot start, peaking early at 98.26 (session high) Friday during European trading. In recent moments however, the cross has retreated slightly to trade at 98.14/18, though still holding positively at +0.25% ahead of the Nonfarm Payrolls later today in the US.
Read more Next
Start livechat