OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD in session highs above 1.2880

FXstreet.com (Barcelona) - The shared currency keeps pushing higher on Thursday, eyeing the key 200-day moving average in the area around 1.2890/95 as buying interest persists.

In the wake of the ECB meeting, Elwin de Groot, Senior Eurozone Strategist at Rabobank, commented, “… the consensus among the Council was not to look at rates, for the time being. This suggests the ECB wants to further study the alternatives it has at its disposal. The idea that the ECB would – in principle – prefer to use unconventional measures over conventional measures (i.e., rates) was confirmed by a rather extensive discussion during the Q&A session on how to improve the supply of credit to SME’s”.

At the moment, the cross is advancing 0.23% at 1.2878 facing the next resistance at 1.2890 (MA200d) followed by 1.2920 (MA21d) and finally 1.3050 (high Mar.25).
On the flip side, a breakdown of 1.2730 (low Nov.19) would expose 1.2680 (61.85 of 1.2042-13711) and then 1.2662 (low Nov.13)

Forex: USD/CHF sideways trading at 0.9446/50

A USD/CHF has traded sideways following a furious rally during the afternoon of American trading Wednesday. In these moments the cross is operating at 0.9446/50, incurring a marginal loss of -0.04%.
Read more Previous

Forex Flash: US 10-year treasuries overbought? – RBS

The market continues to see a 1.72% to 2.15% range in 10-year US treasuries, perhaps persisting through Q2. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years while near-term support is now 1.80% - our bias remains to modestly lower yields in the medium-term because positioning is favorable and medium term charts are now bullish. Short-term momentum is getting a bit overbought but hasn't rolled yet.
Read more Next
Start livechat