OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD dips to fresh lows

FXstreet.com (Barcelona) - The shared currency is posting fresh lows in the vicinity of 1.3050/55 on Monday, as risk appetite trends area now quickly shrinking.

“The aggressive policy response from Bank of Japan (BoJ) remains a main market driver and while the yen has weakened after the announcement, the response also triggered renewed demand for euro area bonds last week and thus added support to the euro through the European government bond market”, commented Chief Analyst at Danske Bank, A. von Mehren.

The cross is now losing 0.45% at 1.3058 facing the next support at 1.3036 (low Apr.12) ahead of 1.3006 (low Apr.9) and finally 1.2980 (MA10d).
On the flip side, a breakout of 1.3138 (high Apr.11) would expose 1.3140 (MA55d) and then 1.3150 (MA100d).

Forex Flash: USD/JPY year-end forecast at 110.00 – UBS

According to Research Analyst Gareth Berry at UBS, “In Japan, weekly portfolio data releases from the Ministry of Finance will continue on May 10, as is the key date to watch, when a bumper set of releases should offer much better visibility.” Indeed, not one, but two weekly flow reports are due then (after the Golden Week holiday delays publication of the first of the two reports). More importantly, more detailed monthly data will break down flows by investment destination and investor category (banks, lifers, non-life insurance, and toushins).
Read more Previous

Greece reaches bailout agreement with Troika

Troika inspectors announced on Monday that they have completed the latest review of Greece’s bailout program and that the measures implemented by the Greek government would allow for meeting economic objectives soon. This means that the delayed bailout tranche of 2.8 billion euros could be released shortly.
Read more Next
Start livechat