OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD around 1.2830/35

FXstreet.com (Barcelona) - Back to square one for the single currency, hovering over 1.2830/35 and retracing most of Wednesday’s gains, ahead of a batch of services PMI prints in the euro zone and the monthly ECB gathering.

“The press conference should be a busy one, with Draghi getting questions on the disappointing Eurozone survey data, whether some ECB members are still pushing for rate cuts, the Cypriot crisis and capital controls, contagion into Slovenian debt and worries of deposit flight elsewhere, and uncertainties over the Italian elections”, commented the research team at TD Securities.

At the moment, the cross is down 0.14% at 1.2829 with the immediate support at 1.2751 (low Mar.27) followed by 1.2730 (low Nov.19) and then 1.2680 (61.8% of 1.2042-1.3711).
On the upside, a break above 1.2878 (high Apr.2) would aim for 1.2890 (MA200d) and finally 1.2924 (MA21d).

Forex Flash: BoJ shows very dovish/open-ended commentary - Societe Generale

The BOJ decision, expected to increase bond buying by 50%, has surpassed that after what seems to be a 100% increase and some very dovish/open-ended commentary, says Kit Juckes, head of FX strategy at Societe Generale.
Read more Previous

Forex: GBP/USD hovering over 1.5100

The sterling is extending its decline from yesterday’s highs in the boundaries of 1.5160 to the current area below the key support of 1.5100, ahead of UK services PMI and the BoE MPC gathering...
Read more Next
Start livechat