OctaFX | OctaFX Forex Broker
Entrar
Abrir una cuenta
Back

Forex: GBP/USD easing back to lows

The GBP/USD all gains, with a high at 1.5804, after the release of UK Halifax House Prices and found its low at 1.5632. Since then, it has been a stale trading limited by 1.5678 on the upside. As the market moves on the US session, the pair is approaching its lows again.

UK Halifax House Prices dropped -0.2% in January, as expected. 3M/YoY data rose from -0.3% to 1.3%, not as high as the 1.5% expected. Earlier, the UK BRC Shop Price Index rose 0.6% in January (MoM), at a lower pace than December's 1.5% rise.

BoE's Carney will testify tomorrow and might overshadow the monetary policy announcement. “The BoE should leave QE unchanged, though an increase or tweak to FLS is not inconceivable”, wrote TD Securities analyst Richard Kelly, adding that “the BoE is likely to announce a reinvestment of the £6.1bn maturing in March to keep the APF unchanged, but the BoE could push gilt yields slightly lower at no cost to them by simply committing to reinvest maturing bonds in the future”.

“The local peak at 1.5802 signals, that the consolidation pattern above 1.5673 low is already over and the outlook here is bearish, for a slide towards 1.5470”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to initial resistance is projected at 1.5670-80 and crucial on the upside is 1.5800.

Forex: EUR/USD finds bids around 1.3500

The euro found some buying interest around the key support at 1.3500 on Wednesday, lifting the cross to the current area in the proximities of 1.3530, as the risk aversion is giving away some ground...
Leer más Previous

Forex Flash: Growing US interest rates to run out of steam? – Westpac

“From a US perspective, talk around an early exit from QE seems premature, particularly with the unemployment rate failing to gain much traction to the downside in recent months. With our US data surprise index off its highs, we suspect the upward momentum in US interest rates will also run out of steam.” writes the Westpac Strategy Team.
Leer más Next
Iniciar chat en vivo