OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: Politics and indicators weight on EUR/USD - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank sees that apart from Italian/Cypriot tensions, the EUR/USD was also weighed by disappointing March confidence indicators.

He writes, “We continue to see potential for the EUR/USD to test lower with the gradually driving south and away from its 200-day MA (1.2884) and with the pair increasingly eyeing the 1.2680 neighborhood.” Moving to GBP/USD, he adds that largely expected weak reading from Q4 GDP numbers did no favors for the GBP on Wednesday, although jitters towards the Eurozone saw the EUR/GBP inching yet lower. He adds, “In the interim, the GBP/USD may trawl a familiar 1.5000-1.5200 range as we do not perceive any inclination to stage a breakout just yet.”

Forex Flash: S. Korean Gov unveils 2013 economic plan - Nomura

Nomura economist Young Sun Kwon notes that the South korean government has announced its 2013 economic policy plan.
Read more Previous

Forex Flash: What lies ahead of the EUR/USD? – Commerzbank and BTMU

The single currency is trading in a soft tone on Thursday, reverting initial gains after the unemployment change in Germany rose by 13K, surprising investors. In the meantime, market...
Read more Next
Start livechat