OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: AUD/USD keeps the red around 1.0365/70

FXstreet.com (Barcelona) - The Aussie dollar is losing ground on Thursday, prolonging the softer tone seen overnight around 1.0370/75

In light of the results of the RBA Foreign Exchange Transactions, Analyst Adrian Foster at Rabobank commented, “The RBA sold (net) A$328M of AU$ to the market in February. At the same time it bought A$345M of AU$ from the government as the government paid its bills. Thus, there’s no suggestion of FX intervention to weaken the AU$ in these data”.

At the moment, the cross is losing 0.11$% at 1.0370 with the next support at 1.0358 (MA200d0 ahead of 1.0351 (low Mar.19) and then 1.0333 (MA10d).
On the upside, a breakout of 1.0405 (MA100d) would bring 1.0410 (high Mar.18) and finally 1.0413 (daily cloud top).

Forex: USD/CHF bounces off 0.9440 on disappointing France PMI

The USD/CHF kept moving lower from just below 0.9455, not because of the Switzerland trade data in February, but mostly ahead of Markit manufacturing data in Europe, finding support at 0.9440. The release of disappointing manufacturing PMI (43.9 vs 44.3 consensus) and services PMI (41.9 vs 44.0 consensus) in France is triggering a retracement of losses back to the opening price of 0.9451.
Read more Previous

Forex: EUR/USD eases to 1.2925 on French PMI

The bloc currency dips further after the flash manufacturing PMI in France remained at 43.9 in March, coming in short of expectations at 44.3...
Read more Next
Start livechat