OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD muted after US data

FXstreet.com (Barcelona) - The euro remained indifferent after the US Personal Income grew 1.1% in February, surpassing the median at 0.8% and January’s contraction of 3.7%. Continuing with the results, Personal Spending rose 0.7% and the Core PCE – Prices rose 1.3%, matching the prior reading.

Next on tap across the pond will be a gauge of the consumer sentiment by the Reuters/University of Michigan index, expected to ease to 72.5 in March from 77.6 in February.

EUR/USD is now advancing 0.02% at 1.2819 with the immediate resistance at 1.2884 (MA200d) ahead of 1.3050 (high Mar.25) and then 1.3163 (high Feb.28).
On the downside, a break below 1.2804 (low Oct.2012) would aim for 1.2751 (low Mar.27) and finally 1.2730 (low Nov.19).

Forex: USD/CAD continues to trade sideways at 1.0164/67

The USD/CAD has continued its sideways trading path, operating in a tight 22-pip consolidation Friday (1.0153 - 1.0175). Following the release of economic data in the United States, the cross has wavered little and remained slightly negative to settle at 1.0164/67, incurring marginal losses in these moments.
Read more Previous

Forex: GBP/USD trading at 1.5200 level

The GBP/USD has stayed glued to the 1.5200 barrier Friday, refusing to budge off of this level during European trading. At the onset of US trading and in the aftermath of economic data out of the US that was generally mixed, the cross continues to trade at 1.5191/94 at the time of writing, nearly at opening levels.
Read more Next
Start livechat