OctaFX | OctaFX Forex Broker
سائن ان کریں
اکاؤنٹ کھولیں
Back

Forex: GBP/USD trading negatively at 1.5749/50

The GBP/USD has continued to trade in the red Tuesday, following a reversal that started off of its European highs (1.5806). Subsequently, the pair lost its grip on the 1.5800 level, bleeding nearly 50 pips in the process to trade at 1.5749/50 in these moments.

“Trading above 1.5680 levels triggers new possibilities to the upside, while stability above 1.5825 levels might even extend bullishness during the next few days, while breaking the 1.5680 levels might cancel any intraday possibility to the upside.” warns the ICN.com Analyst Team.

At the time of writing the GBP/USD is incurring a loss of -0.08% on the day. ICN.com analysts point to supportive means at 1.5720, 1.5680, and 1.5635. Conversely, a break above the 1.5800 barrier and psychological resistance will result in the testing of additional measures of correction at 1.5825 and 1.5880.

Forex Flash: EUR/USD uses political headlines in Spain and Italy to take profits - Commerzbank

Commerzbank analysts believe the market used the negative headlines regarding the political leadership in the problem countries Spain and Italy as a reason to take profits, pulling the EUR/USD from the 1.37 mark down to 1.35.
مزید پڑھیں Previous

Forex Flash: No reason for a AUD selloff on the RBA decision - Commerzbank

Commerzbank analysts consider the RBA statement to be relatively balanced: "It is becoming clear that the RBA will take a wait and see attitude as far as domestic demand is concerned before taking further steps. After all it left the key rate unchanged at 3.0% which corresponds to our expectations", wrote analyst Antje Praefcke, adding that the stamente pointed out that the global outlook has improved, a fact that other central banks have also referred to recently, and there are only moderate changed to the domestic economy part.
مزید پڑھیں Next
لائیو چیٹ شروع کریں