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Forex: EUR/USD rejected at 1.3140

FXstreet.com (Barcelona) - The single currency continues its march north on Thursday, bolstered by the wave of risk appetite prevailing in the global markets.

Next on tap will be the Import/Export Prices in the US economy, alongside the weekly report on the labour market. Prior surveys expect the Initial Claims to drop to 365K in the week ended on April 6 vs. 385k in the previous reading.

At the moment, the cross is gaining 0.46% at 1.3131 with the next resistance at 1.3146 (MA55d) followed by 1.3148 (MA100d) and then 12.3163 (high Feb.28).
On the downside, a breach of 1.3044 (hourly lows Apr.11) would expose 1.3006 (low Apr.9) and finally 1.2963 (low Apr.8).

Forex: AUD and NZD at multi-month highs

The Antipodean currencies are among the best performers on Thursday securing important gains versus the greenback benefited by the risk on mood.
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Forex Flash: QE3 not yet expendable? – Investec

The surprise of an early release of the FOMC minutes yesterday was the most exciting aspect of the news emanating from the Federal Reserve minutes. The early selective release told us pretty much what we expected it to, with the committee continuing to judge that the benefits of the bond-buying scheme outweighed the likely costs and risks. According to the Investec Economic team, “We maintain their view that Fed members still want to see a more evidence of a self sustaining jobs recovery before thinking about pulling the plug on QE3.”
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