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Forex: EUR/USD eases to 1.2840/45

FXstreet.com (Barcelona) - The bloc currency is now giving away initial gains in the area of 1.2840, printing fresh session lows at the same time, after the French Consumer Confidence slipped to 84 for the month of March, missing estimates at 85

“The government’s decision to impose capital controls in an attempt to stem capital flight from Cyprus when the banks re-open on Thursday is also undermining investor confidence in the euro, although they are planned to be “very temporary” and “will gradually be relaxed”, comments Lee Hardman, Currency Analyst at BTMU.

As of writing, the cross is flat at 1.2849 facing the next resistance at 1.2950 (MA10d) followed by 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).
On the other hand, a breakdown of 1.2832 (low Mar.25) would aim for 1.2730 (low Nov.19) and finally 1.2700 (161.8% of Feb1 2011).

Forex: USD/CHF jumps to 0.9500 line after ECB’s Couere

After yesterday’s move, gaining around 100 pips before stalling at the 0.9500 door, the USD/CHF is in the mood of some more upside. Ahead of the European opening, the pair moved around 25 pips to reach the 0.9500 mark.
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Forex Flash: Expect US Durable Goods at 4.0% and consumer confidence at 71.0 – TD Securities

A practically empty economic calendar in Europe will give way to a load of data in the US, including Durable Goods Orders, S&P/Case-Shiller Home Price Indices, Richmond Fed Manufacturing Index, Consumer Confidence and New Home Sales. “The tapes will be busy today: for durable goods we expect a 4.0% increase and 1.0% rise ex-transport, but a 1.0% fall in core. Then US S&P/CS Index we see a below consensus 0.70% m/m increase in January; Richmond Fed Index is expected to slip to 5.0 in March; Consumer confidence we expect an above-market increase to 71.0 in March. Finally US New Home sales we forecast a below consensus 8.5% drop to 410K in February.
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