OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD stabilizes around 1.2850

FXstreet.com (Barcelona) - The bloc currency is treading water around the mid 1.2800s on Monday, as market activity is gradually returning to normalcy after Easter holidays and the NA session is entering the last part of the trading day.

Very interesting docket awaits traders on Tuesday, as the Unemployment Change in Spain would precede a batch of final manufacturing PMI prints in the euro area, followed by the jobless rate in Italy and the EMU. German preliminary inflation figures for the month of March will follow, ahead of US Factory Orders.

As of writing, EUR/USD is up 0.35% at 1.2850 facing the next resistance at 1.2888 (MA200d) followed by 1.2890 (highMar.26) and finally 1.2901 (MA10d).
On the flip side, a breakdown of 1.2751 (low Mar.27) would open the door to 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).

Forex Flash: Emerging markets continue to attract good inflows – ANZ

AXJ funds reported a second week of outflows, driven mostly by equity outflows amounting to USD $752m. In comparison, bond funds attracted around USD $450m of inflows – according to the ANZ Research Team, “this is mostly due to China reporting a record USD $367m of inflows.”
Read more Previous

Forex: GBP/USD trading slightly off highs at 1.5232/37

The GBP/USD is trading slightly off its session highs Monday (1.5244), having operated in positive territory for the majority of the day. During US trading, the pair is trading at 1.5232/37, up +0.26% during muted trading.
Read more Next
Start livechat