OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD glued to 1.2820 ahead of US PCE

FXstreet.com (Barcelona) - The sentiment surrounding the single currency remains flat on Good Friday, as no news is coming from Italy yet ahead of the US docket.
US Personal Consumption Expenditures, Personal Income/Spending are due in the US economy later, preceding the Reuters/Michigan Consumer Sentiment Index in March (72.5 exp).

At the moment, the cross is advancing 0.06% at 1.2824 facing the next hurdle at 1.2867 (high Mar.27) ahead of 1.2883 (MA200d) and finally 1.2890 (high Mar.26).
On the flip side, a breakdown of 1.2751 (low Mar.27) would aim for 1.2730 (low Nov.19) and finally 1.2685 (weekly cloud base).

Forex Flash: USD/JPY medium-term direction remains higher – TD Securities

TD Securities analysts think that current USD/JPY levels are over-extended and that a good deal of still pending BoJ easing is priced in to the market at current levels. However, “USD/JPY losses may be mitigated in the early stages of the New fiscal year if Japanese investors adjust (reduce) USD hedges for the coming fiscal year on the assumption that the JPY has further to fall – or if next week’s BoJ policy meeting manages to surprise”, wrote analyst Shaun Osborne. “We think the medium-term direction for USD/JPY remains higher but we don’t want to chase the USD up right here. Recent history suggests that the bull trend will moderate in the next few months and that the JPY may even regain a little more strength”, he added, looking for opportunities to buy USD dips.
Read more Previous

US Core Personal Consumption Expenditure - Prices Index (YoY) stays unchanged at 1.3% in Feb.

Read more Next
Start livechat