OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CAD trading negatively at 1.0217/19 amidst jump in crude

FXstreet.com (Barcelona) - The USD/CAD has traded unevenly off of its intraday minimum, which reached the 1.0200 barrier Monday. However, during American trading the pair has managed to recover the mark of 1.0217/19, whilst remaining in negative territory. In these moments the cross is operating -0.10% below its opening.

Mataf.net analysts point to supports at 1.0198, ahead of 1.0157, and 1.0134. On the ascension, a break above 1.0262 will initiate resistances at 1.0285 and 1.0326.

Concerning the CAD, crude oil prices have jumped in afternoon trading Monday. Having traded below the 92.00 mark (91.81 daily low), the price has rallied back above the 93.00 level en route to USD 93.46/bbl in these moments.

Forex Flash: 10-year US treasury volumes surge – RBS

The market continues to see a 1.70% to 2.13% range in 10-year US Treasuries. According to the RBS Research Team, “Key resistance remains at 2.13% in 10-years, while near term support is at 1.80% - a break through here should see extension to 1.70%. Momentum measures are mixed—suggesting that the range trade will continue.”
Read more Previous

Forex: EUR/USD rises to test 1.3000

After rising 75 pips from 1.2920 in the last couple of hours, the EUR/USD has tested the 1.3000 area with the pair reaching as high as 1.2995 but retracing to the 1.2970 area. The pair is currently trading at 1.2967.
Read more Next
Start livechat