OctaFX | OctaFX Forex Broker
Entrar
Abrir conta
Back

Forex: GBP/USD trading at 1.5487/88 after failed recovery attempt

A recent recovery attempt at the 1.5560 mark was stymied, driving the GBP/USD lower during the late morning of the European session Friday. With weak GBP data leaving a bitter taste in investors mouths, the pair breached support at 1.5500 again, and is now trading at 1.5487/88 at the time of writing, down -0.03%.

Earlier today in the United Kingdom, Retail Sales (YoY) were reported at -0.6% In January, against estimates calling for +0.8%. Moreover, Retail Sales (MoM) came in at -0.6% in January, missing expectations of +0.4%. Finally Retail Sales ex-fuel (YoY) grew only +0.2%, against projections of +1.4%.

Briefing the technicals, after a movement below calculated support at 1.5500, the ICN.com analyst team points to additional supports at 1.5455 and finally 1.5415. On the positive side, a break above 1.5525 will trigger resistances at 1.5580 and 1.5610.

Forex Flash: EUR/USD looks bullish ahead - Nomura

Nomura Strategist Saeed Amen has taken a look at EUR/USD from a purely technical perspective.
Leia mais Previous

Forex Flash: BoJ mulls options on yen-negativity – UBS

In Japan, “foreign bond purchases have never seemed a very likely proposition to its woes. Even if a public-private vehicle were set up to buy foreign bonds, the intention would have been to use it as a deterrent - mere knowledge of its existence would have held back yen bulls.” writes Research Analyst Gareth Berry at UBS.
Leia mais Next
Começar chat ao vivo