OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD pushes higher after US jobless claims

FXStreet (Córdoba) - EUR/USD inched higher and posted a fresh high for the day at the beginning of the New York session after data showed US initial jobless claims unexpectedly rose last week.

The number of people applying for jobless benefits rose 11,000 to 315,000 in the week ended Sept 6, hitting the highest level since late June. The dollar weakened on the back of the data, sending EUR/USD to a high of 1.2949 in recent dealings. At time of writing, EUR/USD is trading at 1.2945, 0.22% above its opening price.

Divergent monetary policies in the Eurozone and US have driven EUR/USD to a 14-month low of 1.2859 this week, from where the pair has staged a minor recovery, still unable that has been capped by the 1.2965 area so far.

EUR/USD technical outlook

"Still in the consolidation pattern above 1.2858, so allow a tighter test f 1.2995 resistance area before drowning towards 1.2750 major support zone", said Stoyan Mihaylov, analyst at Deltastock.

Bank of England addresses Bitcoin questions

In its Quarterly Bulletin, the Bank of England(BoE) has released two papers looking at the emergence of digital currencies such as Bitcoin.
Read more Previous

USD/JPY can't hold above 107.00 and falls to 106.60

After reaching fresh highs since September 2008 at 107.15, USD/JPY found selling interest at this area as the pair was unable to maintain the 107.00 figure and it's trading now back around 106.60.
Read more Next
Start livechat