OctaFX | OctaFX Forex Broker
Open trading account

What’s the sentiment around EUR/USD today? – Commerzbank and OCBC Bank

FXStreet (Edinburgh) - EUR/USD is hovering over the mid-1.2600s ahead of the key releases from manufacturing and services PMIs in the euro region.

“The EUR pretty much remained the runt within G10 space on Wednesday and with the 1.2800 level soundly rejected, risk towards a test towards 1.2600 may continue to loom into the weekend. In the interim, look towards the flash EZ PMIs for near term cues”, observed Emmanuel Ng, FX Strategist at OCBC Bank.

Karen Jones, Head of FICC Technical Analysis at Commerzbank, added “We view the corrective move higher as complete and look for the market to now come under pressure. The erosion of the short term uptrend should be enough to cast attention back to the 1.2500/1.2460 supports (recent low and 78.6% retracement)”.

USD/JPY desperate to move away from 107.00

USD/JPY is climbing higher in Asia. The pair started the day at 107.15 and managed it to 107.24 so far. The Asian high is registered at 107.35.
Read more Previous

EUR/USD failed to recover before PMI

EUR/USD was showing some shy attempts of a rebound from weekly low at 1.2632 posted in Asia to 1.2646 at the European open; however, it had to retreat back to current 1.2630 again.
Read more Next
Start livechat