OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: Majors trade sideways as Eurozone debt appetite increases – Investec

FXstreet.com (Barcelona) - The market reaction to the headline news was muted to say the least with EUR/USD and GBP/USD lacking any meaningful direction. In particular, the EUR/USD is desperately looking to move either side of the 1.3050 this morning and eyes will be on today’s French and Spanish bond auctions, which should give a further sign of investor risk appetite which has warmed towards Eurozone debt in recent weeks.

According to the Investec Research Team, “A suitably strong bid to cover ratio and we should see the EUR strengthen as a result. The GBP/USD has been very much the same, looking for direction either side of 1.5250.”

Spanish yields decline at debt auction

The Spanish Tesoro Público held a debt auction on Thursday during which it sold a total of 4.71 billion euro worth of 3-, 5- and 10-year bonds, exceeding the maximum target of 3.5-3.5 billion euros.
Read more Previous

Forex: EUR/GBP upside stalled by 0.8575 after debt auctions

The EUR/GBP keeps on moving higher, now also due to this morning’s Spanish and French 10-year bond auction results. The cross is now being stalled near 0.8575, up by +0.25%.
Read more Next
Start livechat