OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD in highs around 1.2975/80

FXstreet.com (Barcelona) - The single currency is posting fresh highs on Thursday, climbing to the area of 1.2975/80 ahead of the Spanish GDP results.

Prior surveys expect the economic activity in Spain to have contracted 0.5% inter-quarter and 2.0% on a yearly basis during the first quarter vs. previous prints at -0.8% and -1.9%, respectively. Further results in the euro area will see the EMU’s Economic/Consumer/Services Sentiment ahead of the Italian auction of bonds maturing in 5 and 10 years.

The pair is now advancing 0.25% at 1.2974 with the next resistance at 1.2994 (high May 24) and then 1.2998 (high May 22). On the downside, a drop beyond 1.2821 (low May 23) would clear the way to 1.2809 (low May 20) en route to 1.2796 (low May 17).

Switzerland: Gross Domestic Product s.a. (QoQ) up 0.6% in 1Q; (YoY) grows 1.1%

Read more Previous

Switzerland: GDP expands 0.6% in Q1

On a quarterly basis Swiss GDP s.a. increased 0.6% in Q1, following a 0.3% rise registered the previous quarter, according to data released today by Swiss Statistics. Analysts expected 0.2% growth.
Read more Next
Start livechat