OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD back above 1.3000

The bloc currency is trading back above the psychological mark of 1.3000 as we head towards the last part of the NA session on Friday, after the NFP results dragged the cross more than one big figure to fresh 2013 lows in the proximities of 1.2950

A second-tier euro docket lies ahead on Monday, as Germany would release its trade balance results, followed by a measure of the French Industrial Production ahead of Italian, Greek and Portuguese GDP figures during the last three months of 2012

At the moment, the cross is down 0.72% at 1.3011 and a breach of 1.2956 (low Mar.8) would open the door to 1.2929 (low Dec.11) and then 1.2881 (low Dec.10).
On the flip side, resistance levels align at 1.3055 (MA200h) en route to 1.3135 (high Mar.8) and finally 1.3163 (high Feb.28).

Forex: US Dollar Index eyes 83.00 after NFP

The greenback, gauged by the US Dollar Index, is markedly up on Friday, after the unexpected gain from the US Payrolls in February catapulted the US dollar to the doorsteps of the key resistance at 83.00, although...
Read more Previous

Forex: GBP/JPY finds support at 142.65, back above 143.00

After falling around 200 pips following the upbeat US nonfarm payrolls and unemployment report, the GBP/JPY found support at 142.65 where the pair has bounced to trade back above 143.00. Currently the pair is trading at 143.22, 0.60% above opening price.
Read more Next
Start livechat