OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD consolidating below 1.3100

FXstreet.com (Barcelona) - The shared currency is now trading almost unchanged against the greenback, hovering over the area of 1.3085/90 after reaching session highs above 1.3120.

Despite being USD-supportive, the impact of the FOMC minutes on the cross was lower than expected, as the FOMC meeting occurred before the last US NFP figures. It’s worth recalling the US economy added 88K jobs during March, much lower that the 200K previously estimated.

As of writing, the cross is flat at 1.0384 with the immediate hurdle at 1.3135 (high Mar.8) ahead of 1.3163 (high Feb.28) and then 1.3229 (50% of Feb-Apr slide).
On the downside, a dip beyond 1.3006 (low Apr.9) would then target 1.2963 (low Apr.8) en route to 1.2928 (MA10d).

Forex Flash: G20 stands mum on BoJ activity – UBS

The silence of G20 Central banks over the BoJ's activities has been deafening to say the least. Developed market policymakers are holding back lest they be accused of hypocrisy, while Emerging market authorities may have geopolitical priorities in mind and do not want to open up new areas of tension. “Nonetheless, as their own asset markets have become far more open to overseas investment over the past few years, and more likely to be targets of upcoming Japanese investment, they may soon face their own 'inversion' problems.” warns Research Analyst Gareth Berry at UBS.
Read more Previous

Forex Flash: Mixed signs from toshin data - Nomura

Nomura Strategist Yujiro Goto notes that there were mixed signs from todays toshin data, with Japanese investors estimated to have purchased JPY 47bln of foreign currency-denominated toshins last week according to the NRI.
Read more Next
Start livechat