OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD easing to 1.2910 after US PMI

FXstreet.com (Barcelona) - Sentiment around the single currency is now softer, after the flash US manufacturing PMI rose to 54.9 in March, up from February’s 54.3 although below forecasts at 55.0

US housing data and the Philadelphia Fed manufacturing index are next although they lack the ability to spark any move in the cross, as Cypriot developments remain in the centre of attention this week.

The cross is now losing 0.27% at 1.2908 with the immediate support at 1.2878 (MA200d0 ahead of 1.2865 (Lower Bollinger) and finally 1.2844 (low Mar.19).
On the flip side, a surpass of 1.2979 (high Mar.20) would clear the way to 1.3032 (MA21d) and then 1.3128 (MA100d).

US: Housing Price Index rose 0.6% MoM n January

Prices of US houses, gauged by the Housing Price Index, rose 0.6% on a monthly basis in January, coming in short of expectations at 0.7% albeit better than December’s 0/5%...
Read more Previous

Forex: EUR/JPY grinds lower as sentiment wanes

The cross is prolonging its intraday descent on Thursday, hovering over the area of 122.80/85 as risk aversion is dominating the markets. Today’s decline has been accentuated by the increasing selling...
Read more Next
Start livechat