OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD flat ahead of German CPI

FXstreet.com (Barcelona) - The bloc currency is posting marginal losses on Thursday, hovering over 1.3065/70 ahead of German Consumer Prices due later. Prior surveys expect the CPI in the first economy of the euro bloc to post an annual increment of 1.4% in March, a tad lower than February’s 1.5%. on a monthly basis, prices are expected to rise 0.5% vs. 0.6% previous.

As of writing, the cross is losing 0.02% at 1.3066 with the next support at 1.3006 (low Apr.9) ahead of 1.2963 (low Apr.8) and finally 1.2928 (MA10d).
On the upside, a breach of 1.3135 (high Mar.8) would expose 1.3163 (high Feb.28) and then 1.3229 (50% of Feb-Apr slide).

Forex: GBP/USD capped below 1.5350

Little move in Cable for last 6 hours now trading near session highs at 1.5330 bids, off yesterday's lows at 1.5291. The pair is mostly unchanged for the week so far, slightly in the negative at the moment, capped to the upside at weekly Monday highs 1.5350. With no economic data in the agenda until US jobs at 12:30 GMT and BoE member Tucker to speak at 13:00 GMT, volatility might remain subdued.
Read more Previous

Germany Mar Harmonised Index of Consumer Prices (YoY) stays unchanged at 1.8%.

Read more Next
Start livechat