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Forex: EUR/USD easing to 1.3010/15

FXstreet.com (Barcelona) - The bloc currency is giving away some initial gains, retracing to the area around 1.3015 after hitting fresh weekly highs above 1.3040, ahead of the CPI figures in the euro area.

In consideration of the upcoming inflation figures in the US economy, Senior Analyst Flemming Nielsen at Danske Bank suggested, “Even though our forecast is in line with consensus, the release should show that inflation is not an issue, underlining that the Fed is in no hurry to exit and it might, everything equal, support EUR/USD”.

At the moment, the pair is up 0.06% at 1.3012 facing the next hurdle at 1.3075 (high Mar.12) ahead of 1.3124 (MA21d) and then 1.3127 (MA100d).
On the downside, a breach of 1.2910 (76.4% of Nov-Feb rise) would expose 1.2881 (low Dec.10) and finally 1.2878 (low Dec.7).

Forex: USD/CHF testing support at 0.9461/65

The USD/CHF fall has continued Friday, after the massive drop yesterday that took the pair below the 0.9500 level. European trading has also yielded a decline for the pair, and on the heels of Swiss data recently, the pair is now trading near calculated support at 0.9461/65, down -0.09%.
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Commodities Brief – Precious metals pullback despite USDIX in retreat

Gold prices had edged slightly higher overnight as the USD index retreated off a 7.5 month maximum Friday. As the yellow metal loses its appeal as a safe haven with the steady trickle of positive data recently, such a move certainly has to lend confidence to gold bulls. However, in recent minutes a move up to he 1594 region (session high) was stonewalled, dragging the price back to USD $1591.38 per oz. in these moments. Later today the United States is set to release some key Consumer Price Index data along with Industrial Production that will certainly shape market sentiment towards the precious metal Friday.
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