OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD around 1.3030 ahead of PMI

The bloc currency is partially retracing overnight gains, heading back to the area of 1.3030 after climbing to the boundaries of 1.3050
The euro would remain under pressure ahead of the final services PMI prints in the euro area, expected to extend the negative momentum after the manufacturing PMI readings.

At the moment, the cross is up 0.02% at 1.3029 with the next resistance at 1.3065 (hourly cloud top) followed by 1.3101 (high Mar.1) and then 1.3140 (MA10d).
On the flip side, a breakdown of 1.2967 (low Mar.1) would aim for 1.2929 (low Dec.11) and finally 1.2910 (76.4% of Nov.-Feb. rise).

Forex: USD/JPY breaks below 93.00

USD/JPY has broken down a relevant support level at 93.20/25 following comments from a member of the DPJ Japanese opposition party saying that they would refuse the nomination of Mr. Iwata as BoJ nominee deputy, arguing that the intention of the academic-background BoJ prospect has the intention to change the central bank's law. USD/JPY has reached levels as low as 92.90. The next key level of support is found at 92.80, Feb 21 swing low, where bids may emerge.
Read more Previous

Forex: GBP/USD consolidates above 1.5100

The sterling is posting meager gains on Tuesday, leaving behind the previous comfort zone in the mid 1.50s to follow through 1.5100, ahead of the Halifax House Prices and the final result of the services PMI for February...
Read more Next
Start livechat