OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD unchanged post-ECB

FXStreet (Edinburgh) - The common currency largely bypassed the ECB decision today, with EUR/USD keeping the trade above the 1.2500 handle.

EUR/USD now looks to Draghi

In line with market consensus, the ECB left unchanged its monetary policy in November, with the refi rate at 0.05% and the deposit rates at -0.20%. Market participants are now waiting for the press conference by President Mario Draghi, with the assessment of the recent easing measures to be in the centre of the debate.

EUR/USD levels to watch

The pair is now up 0.27% at 1.2516 with the next resistance at 1.2577 (high Nov.4) ahead of 1.2591 (10-d MA) and then 1.2596 (200-h MA). On the downside, a break below 1.2439 (low Nov.3) would expose 1.2431 (low Aug.22 2013) and then 1.2342 (low Aug. 21 2013).

Natural Gas extends gains ahead of the weekly supply report

Natural Gas prices have inched higher, after clocking gains for the seven consecutive sessions on forecasts of cold weather in the US.
Read more Previous

EUR/JPY consolidates below 144.00 ahead of Draghi’s speech

EUR/JPY steadied in a slim range over the last hours following a choppy Asian session, practically ignoring the European Central Bank decision to keep policy unchanged.
Read more Next
Start livechat