OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD threatening 1.2900

FXstreet.com (Barcelona) - The bloc currency is hovering over the key support of 1.2900 at the end of the NA session on Thursday, heading south as there was no progress from the last meeting of political leaders in Cyprus.

Moving forward to tomorrow’s euro docket, a measure of the Business Climate in France will precede the more relevant German IFO, with market consensus expecting the series to be a tad better in all of its components.

At the moment, the cross is losing 0.29% at 1.2906 with the next support at 1.2878 (MA200d) ahead of 1.2865 (Lower Bollinger) and finally 1.2844 (low Mar.19).
On the flip side, a break above 1.2979 (high Mar.20) would clear the way to 1.3032 (MA21d) and then 1.3128 (MA100d).

Forex Flash: 10-year US treasuries continue to trade sideways – RBS

The market continues to see a 1.75% to 2.15% trading range in 10-year US Treasuries Thursday. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years, while near term support is at 1.83%. Our bias remains to modestly lower yields in the near-term, though confidence in our abilities to call even minor moves in this environment is ebbing as the dominant rate trend remains sideways.”
Read more Previous

Forex Flash: Below-trend annual growth of 2.0% expected in US for 2013 – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “We expect below-trend annual growth of 2.0% in the United States in 2013 and acceleration to 2.9% in 2014. Growth should then remain slightly above that rate in 2015 and 2016. On an annualized sequential basis, we expect a rebound to 2.9% in 2013Q1 and a slowdown to 2% in 2013Q2 and Q3, before a pick-up to 2.5% in the last quarter of the year. Looking into 2014 and beyond, we expect above-trend growth at around 3%-3.5%.”
Read more Next
Start livechat