OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD trimming gains around 1.3160/65

FXstreet.com (Barcelona) - Boosted by German industrial production results above-estimates, the single currency jumped on the buying interest wave, riding from the vicinity of 1.3100 to the very doorsteps of the key resistance at 1.3200.

Moving forward to Thursday’s docket, Chinese consumer prices will put the risk trends to the test, followed by the ECB Monthly Report and then the most relevant event, the BoE MPC meeting.

At the moment, the cross is up 0.62% at 1.3161 and a break above 1.3220 (high May 2) would expose 1.3243 (high May 1) and finally 1.3319 (high Feb.25).
On the other hand, support levels line up at 1.3068 (low May 7) ahead of 1.3052 (low May 6) and then 1.3033 (low May 3).

Forex: GBP/USD falls below 1.5550 after rejecting 1.5590

Following a 120 upside movement from 1.5470, the Sterling's advance against the Greenback has found resistance at the 1.5590, highest level since May 5th. At this level, the GBP/USD was rejected with the pair falling down to trade below the 1.5550 area.
Read more Previous

Forex: AUD/USD remains capped by 1.0200

The AUD/USD has spent most of the New York session hovering inside a slim range around its opening level, after the latest recovery attempt was capped by the 1.0210 area.
Read more Next
Start livechat