OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/JPY broken 99.00 the figure

FXstreet.com (London) - USD/JPY has peeped up over 99.00 the figure yet again, and is currently holding above the last resistance at 99.15 at the time of this writing.

This could be significant as it looks to be denying the descending trend line, having failed to keep those levels yesterday and closing some way below, finding support in the daily S1. The pair is finding resistance at May 7th high now and will likely push on through to find further resistance at 99.40. A close above the May 6th 99.43 resistance may open up excuses for traders to test the April 11th high yet again for a go at the figure.

Forex: GBP/USD extends decline below 1.5500

The Cable slumped toward the 1.5500 area as the greenback strengthened across the board at the beginning of the NY session. With no clear catalyst, GBP/USD lost over 60 pips in a matter of minutes and fell to a low of 1.5485 before finding support.
Read more Previous

Forex Flash: RBNZ comments overblown based on NZD performance – BNZ

It was a busy series of days for New Zealand’s central bank earlier this week. It released the May FSR, introduced the first of its macro-prudential tools, sounded hawkish, sounded dovish, and confirmed it had intervened in the NZD. However, According to the BNZ Research Team, “Governor Wheeler’s comments about intervention appear to have been overblown and misinterpreted to us. From this perspective, the ¾ of a cent falls in the NZD/USD and NZD/AUD look like an overreaction.”
Read more Next
Start livechat