OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: AUD/USD falls from 1.0480 on NY session

FXstreet.com (Barcelona) - The AUD/USD climbed the chart slowly during Asian time and gave a stronger push during the Euro-pean shift, peaking at 1.0478, with resistance at 1.0480 blocking further gains. After touching 1.0480 at 14:00 GMT, the cross started to erase its gains, approaching 1.0445. The market is currently trading at 1.0454.

The Italian daily Corriere della Sera reported rumors of a downgrade to Italy’s rating from Moody’s to take place later today, after the close.

From 2.2 in February, Dallas Fed Manufacturing Business Index rose to 7.4 in March. The US Chicago Fed Activity Index moved from negative territory at -0.49 (revised from -0.32) in February to 0.44.

Roboforex.com analysts were counting on a rise to 1.0465 first, followed by a correction to 1.0410 and then a new upside at 1.0480. “This may be the end of this wave. Later, in our opinion, the pair may start forming a reversal pattern to continue moving downwards”, wrote analyst Igor Sayadov.

Forex: USD/JPY erases gains to trade at 94.41/43

The USD/JPY has taken a tumble during American trading Monday after a failed break at the 95.00 level earlier today. In these moments the pair is ceding ground, having erased all of its gains made during European trading to trade negatively at 94.41/43 or -0.09% off its opening.
Read more Previous

Forex Flash: GBP: Policymakers deploy parachute - HSBC

HSBC strategists believe that GBP weakness is likely to persist, but policymakers are already working to ensure that the fall lower in GBP does not turn into a nasty dive.
Read more Next
Start livechat