OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD climbs to 1.2840 after German CPI

FXstreet.com (Barcelona) - The shared currency is hovering over the area of 1.2840/45 on Tuesday, after preliminary inflation figures in Germany showed the CPI rose 1.4% on a year to March, banging on estimates, and rose 0.5% on a monthly basis, above the 0.4% forecasted.

Regarding Cyprus, the finmin, M.Sarris has stepped down, although the single currency remains muted.

Next on tap will be the US Factory Orders, expected to grow 2.9% during February, leaving behind January’s contraction of 2.0%.

At the moment, the cross is down 0.05% at 1.2841 with the next support at 1.2751 (low Mar.27) ahead of 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
On the flip side, a break above 1.2886 (MA200d) would expose 1.2890 (high Mar.26) and finally 1.2943 (MA21d).

Forex: USD/CHF falls off highs after German CPI data

A recent recovery rally for the USD/CHF was stymied at 0.9575 (session high), easing back towards the 0.9568/70 level in these moments on the heals of economic data out of Germany. The pair is still in positive territory, albeit operating a +0.4% gain Tuesday.
Read more Previous

Forex: USD/CAD recovers the mark of 1.0134/40

The USD/CAD slipped during European trading to bottom out at a session low of 1.0122 Tuesday. However, US trading has helped rekindle some tepid manner of recovery as the pair has moved back towards the 1.0134/40 level in these moments, still operating -0.40% off its opening.
Read more Next
Start livechat