OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD keeps highs around 1.2935/40

FXstreet.com (Barcelona) - The euro continues to ignore the headlines from Cyprus, as the parliament will now vote on the permanence of the island within the euro zone. There is still doubts regarding the precise date, but it would surely be over the weekend.

The increasing risk appetite plus the triggering of stop-orders are pushing the cross to intraday highs in the area of 1.2935/40, rapidly leaving behind the poor data from the IFO indicator.

EUR/USD is now advancing 0.30% at 1.2934 and a surpass of 1.2966 (MA10d) would lead to 1.2979 (high Mar.20) and then 1.3017 (MA21d).
On the downside, support levels line up at 1.2879 (MA200d) followed by 1.2844 (low Mar.19) and finally 1.2827 (low Nov.22).

Forex Flash: Flash Chinese MNI indicator drops in March - Nomura

Nomura economist Zhiwei Zhang notes that the MNI China flash business sentiment indicator fell to 58.39 in March from 60.98 in February.
Read more Previous

Forex Flash: Cyprus on final notice - OCBC Bank

OCBC Bank analysts note that the ECB gave Cyprus final notice to raise EUR5.8bn in exchange for EUR10bn emergency bailout funds by next Monday.
Read more Next
Start livechat