OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD keeps the positive around 1.3060

FXstreet.com (Barcelona) - The single currency attempted a rebound after the German Parliament has approved the aid package for Cyprus. Further strength came alongside the pretty decent Spanish auction. The upside however proved to be short-lived as it faltered in the vicinity of 1.3070/75.

Next on tap will be the weekly report on the US labour market, with consensus expecting Initial Claims to rise to 350K in the week ended on April 13th.

EUR/USD is now up 0.23% at 1.3062 facing the next hurdle at 1.3068 (MA10d) followed by 1.3108 (MA55d) and finally 1.3202 (high Apr.16).
On the flip side, a violation of 1.3001 (low Apr.17) would open the door to 1.2963 (low Apr.8) en route to 1.2959 (MA21d).

Forex: GBP/USD slightly up at 1.5250

With the 1.5220 area acting as support against further downside after the London opening and UK retail sales report, the GBP/USD retraced its losses and is back at the 1.5250 zone, up by +0.06%. The market is trading under a narrow range today, low at 1.5218 and high at 1.5267, compared to yesterday’s sell off that confirmed 1.5412/20 (recent high and the 38.2% retracement) as an interim high, according to Commerzbank analysts.
Read more Previous

Forex: GBP/JPY rises back to 150.00 mark ahead of G20

The GBP/JPY stayed subdued below the opening price following the release of UK retail sales, ranging at 149.30/60, but the Yen has been weakening ever since, pushing the cross higher above the 150.00 mark, to a high at 150.27.
Read more Next
Start livechat