OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD back to 1.2850 after US Case-Shiller

FXstreet.com (Barcelona) - The bloc currency eased some pips from the area around 1.2860 after the S&P/Case-Shiller index advanced 8.1% over the last twelve months in January, surpassing the median and December’s result. The knee-jerk reaction was short-lived however, as the pair pushed back to the comfort zone around 1.2860/65

The euro continues to gyrate around rumours emanating from Cyprus, although markets seem to be pretty quiet ahead of Thursday, key day when the Cypriot banks will re-open their doors.

At the moment, the cross is up 0.12% at 1.2864 with the next hurdle at 1.2950 (MA10d) ahead of 1.3050 (high Mar.25) and finally 1.3107 (high Mar.15).
On the flip side, a breach of 1.2832 (low Mar.25) would clear the way to 1.2730 (low Nov.19) en route to 1.2700 (161.8% of Feb1 2011).

US: S&P/Case-Shiller index rose 8.1% YoY in January

The S&P/Case-Shiller 20-city composite index of house prices posted an annual expansion of 8.1% in the month of January, exceeding expectations at 7.8% and December’s increase of 6.8%...
Read more Previous

Forex: USD/CHF testing the 0.9500 level

The USD/CHF has managed to hug the 0.9500 level Tuesday during European trading and the onset of American trading and the release of economic data in the US has proved to be no exception. In these moments, the pair is testing this level, recording a modest +0.05% gain.
Read more Next
Start livechat