OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD remains in sub 1.3200 levels

The shared currency holds the red territory on Friday, meandering around the area of 1.3180 after the repayment figures of the second 3-year LTRO were lower than expected according to the ECB, €61.1 billion vs. €122.5, neutralizing at the same time the better-than-expected readings from the German IFO series.

There is no US docket today, only speeches by FOMC member Powell and Fed’s Tarullo.

At the moment, the pair is losing 0.04% at 1.3183
Next support levels line up at 1.3121 (MA100d) followed by 1.3039 (low Jan.10) en route to 1.3018 (low Jan.7).
On the other hand, a break above 1.3289 (MA55d) would aim for 1.3343 (MA10d) ahead of 1.3429 (MA21d).

Forex: USD/CAD surges after Canadian CPI, retail sales

The loonie weakened further against the greenback after the latest string of Canadian data showed consumer prices grew less than expected in January, while retail sales declined 2.1% in December.
Read more Previous

Forex Flash: US markets to put finishing touch on constructive week for USD - BBH

Brown Brothers Harriman analysts suspect that the North American market will put the finishing touches on what has been a generally constructive week for the US dollar.
Read more Next
Start livechat