OctaFX - Forex Forecasts

OctaFX
EUR/USD to trade back to 1.12

Analysts at ING are expecting the EUR/USD pair to trade back to 1.12 over coming months, guided by the modest dollar strength. There's very little..

OctaFX
Gold awaits a breakthrough $1216

The precious metal traded with a mild positive bias for the fourth consecutive session on Friday, albeit seemed struggling to build on its positive move beyond...

OctaFX
GBP bulls now eyeing a sustained move

The GBP/USD pair built on its steady intraday climb and refreshed session tops in the last hour, recovering a major part of Friday's corrective slide...

The Fed acknowledges uncertainty and risks present in the inflation outlook

The minutes of the US Federal Reserve December 15-16 meeting was published yesterday. The Fed had in its December meeting raised the interest rates from record low levels for the first time in a decade...

Oil recovers from below $37.00 a barrel, reverses daily losses

Oil prices reversed daily losses during the New York session amid profit taking in the absence of fundamental catalysts. WTI turned positive for the day after hitting a fresh 6-year low of $36.64 a barrel, and climbed back above $38.00 a barrel...

European stocks rise as countdown begins for ECB meeting

The European stocks rallied on Thursday as the investors now look towards the Dec 3rd European Central Bank (ECB) meeting, where Draghi is expected to announce additional stimulus measures...


Gold remains stuck in a range

The immediate resistance is seen at 1091.53 (hourly 50-MA), above which the prices could test 1100. On the other side, support is seen at 1085.44 (Friday’s low), under which the losses could be extended to 1070 (July lows)...

UK services PMI: What to expect of GBP/USD

As per past patterns, a sharp rise in the manufacturing PMI is followed by an uptick in the services PMI figure. The manufacturing PMI released on Monday beat expectations by a wide margin and printed at 16-month high...

Gold/EUR continues upward journey

Gold prices in the EUR terms extended post-ECB gains today as the metal continues to cheer the prospects of fresh currency debasement in December- more QE/rate cut...

Gold set for more pain into 2016

According to a recent Reuters poll, gold prices are expected to extend their weakness into 2016 with further declines in sight after a weak third quarter...

Gold clocks fresh session highs on USD weakness

The broad based selling in the USD index amid weakness in the European stocks pushedgold to a session high of USD 1176/Oz levels...

Gold pares losses near $ 1153; China chaos backs the safe-haven

The metal has an immediate resistance at 1160 and 1164 levels. Meanwhile, support stands at 1150.90 (Today’s Low) below which doors could open for 1148.50 (July 8 Low) levels...


EUR weakness set to persist

A reversal of fortune in the EUR after an unexplained selloff in German bunds and repricing of EZ macro risks (better growth than initially expected) drove EUR strength...

EUR/USD: further declines ahead

Since October 2014 the EUR depreciated versus the USD and even reached its lowest level for more than 10 years. After touching the level at $1.04 the EUR was able to appreciate and rebounded to a level of $1.14 which was the new high in April...

GBP/USD likely to have a negative impact post UK inflation data

Alpesh Patel of InvestingBetter, sees UK inflation data in the UK to remain soft, and further expects GBP/USD to target 1.55 levels on such a print...

EUR/GBP grinding lower to 0.7200

The selling pressure remains unchanged around the sterling and the euro during the first half of the week, sending EUR/GBP to the low-0.7200s so far...

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The gold price has remained in a tight trading range over the last 3 weeks as the market tries to figure out whether the US will eventually reach a trade...

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