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Forex: Sterling shed an initial 20 pips on opposite retail sales, which rose unexpectedly

FXstreet.com (London) - The pair has been effected badly on the back of a USD strengthening across the board breaking a trading channel of 1.5360/80 built over the last couple of months. The DXY has already broken a key level to the topside and recent US numbers have been better, including retail sales which have come out better than expected today at +0.1. Sterling has dropped an initial 20 pips and might be expected to continue lower to the downside. Resistance at 1.5380 marks the bottom of the channel and support at the daily low 1.5315 would give way to where the rally in April began at 1.5265.

Forex: AUD/USD retests lows after US retail sales

The US dollar strengthened across the board and dragged AUD/USD back to lows after data showed US retail sales grew 0.1% in April, beating expectations of a 0.3% decline.
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Forex: NZD/USD returns to opening levels at 0.8281/83

The NZD/USD has see-sawed back and forth going into the American session Monday, with scant trickles of economic data to trade on. Investors do not seem to be abstaining from the pair, as the cross has spanned a total of 57 pips today (0.8262 – 0.8319). Following the US data release, the pair has returned to opening levels to settle at 0.8281/83 in these moments.
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