OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD door open for 1.0980 – Commerzbank

FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, the single currency could re-test the 1.0980 area vs. the greenback.

Key Quotes

EUR/USD is attempting to stabilise very near term circa 1.08”.

“There is scope for a further advance very near term to the 1.1032 200 day ma and even the 1.1087/97 September low and 28th October high, however here we would expect to see the market falter”.

“Key resistance remains the 1.1228/17 2014-2015 downtrend and 55 week ma and while capped here the market will remain in a longer term down move”.

Japan's core machinery orders rose for the second month in October

Japan's core machinery orders threw in a surprise by rising 10.7 per cent in October, registering gains for the second straight month. The gains were higher than a 7.5 per cent increase in September, which had seen the first increase in core orders in four months. The result was also higher than the estimate of a 1.5 per cent drop. Year on year, core orders increased 10.3 per cent in October, compared to a 1.4 per cent annual rise estimated by analysts.
Read more Previous

SMA cross injuring GBP/JPY

SMA cross injuring GBP/JPY
Read more Next
Start livechat