OctaFX | OctaFX Forex Broker
Abrir una cuenta
Back

GBP – under pressure - Commerzbank

FXstreet.com (London) - The research team at Commerzbank note the recent break lower and say this is directional. "The market is now under pressure to sell off to 1.5035/28 4th April low and the 20th March low." – Analyst,
Karen Jones, Commerzbank

She goes on to say that the support at 1.4994 is regarded as the last defence for 1.4832, the March low. They mention that short-term rallies are expected to remain capped 1.5335/85 and key resistance is regarded as its 1.5601/50% retracement of the move seen this year, while capped here the market is viewed as having topped.

US: CB Leading Indicator grows more than expected in April

The US CB Leading Indicator increased 0.6% in April, compared with the 0.2% drop in March, the Conference Board revealed on Friday. Analysts expected a 0.2% rise.
Leer más Previous

Flash: Bearish yen trend has propensity to continue – UBS

Given the market is still struggling to digest the existing easing program, many investors have wondered how could the BoJ hope to ease further if inflation remains elusive.
Leer más Next
Start livechat