OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/CHF falls to support at 0.9619/21 after checkered US CPI

FXstreet.com (Barcelona) - The 0.9700 level has alluded the USD/CHF ever since European trading. Following a massive easing off of session highs at 0.9710, the pair has clung to positive territory, only after erasing a viable chunk of its daily gains. Following the US data release, the pair has tumbled into negative territory at 0.9619/21, inking fresh daily lows.

In the United States, the Consumer Price Index (YoY and MoM) came in at +1.1% in April (against expectations of +1.3%) and -0.4% in April (vs. projections of -0.2%) respectively. In addition, the Consumer Price Index ex Food & Energy (YoY) climbed +1.7% in April, relative to a consensus of +1.8%.

Following a plunge of -0.30% below its opening Thursday, the Mataf.net technical analyst team points to short-term resistive means for the USD/CHF at 0.9722, ahead of 0.9788, and ultimately 0.9827. Conversely, a break below the 0.9617 handle will initiate support at 0.9578 and 0.9512.

Forex: USD/CAD retraces back to 1.0183/84 following American CPI

The USD/CAD lost steam at the 1.0209 level (intraday high) earlier today during European trading before easing back below the 1.0200 barrier. American trading has certainly provided an impetus for the pair however, and with the advent of a healthy dose of North American data, the pair has continued its descent to 1.0183/84.
Read more Previous

US: Initial Jobless Claims rose to 360K

According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits rose by 32K last week to a seasonally adjusted 360K in the...
Read more Next
Start livechat