OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: CAD/JPY pushes lower post US Jobless miss

FXstreet.com (Barcelona) - Having made a morning high at 96.23, USD/JPY has declined into the US session, and is currently down -0.21% on the day and trading at 95.39.

Having peaked today ahead of the US open, the pair met resistance just below the daily R1 resistance at 96.39 before declining to where it is currently trading at 95.48, where the daily pivot point lies at 95.47. This afternoons data saw US Initial Jobless claims disappoint forecasts at 352k/347K, leading to the small sell off. The next key level of support below can be seen at the psychologically round 95.00 level, where price made a daily low at overnight. Hourly MA´s are indicating a continuation of the downtrend, alongside Stochastics which having crossed just below overbought territory, are heading lower and are currently atr 47. Hourly RSI is at 46 and is not showing any explicit direction bias.

Forex: EURUSD tumbles on US Philly Fed and IMF’s Lagarde

Boosted by the New York opening, the EUR/USD climbed again to 1.3075 resistance, where it had already peaked during the European morning. Profit taking has since then pulled the pair to 1.3050, but the release of US data triggered a tumble, that erased the market’s daily gains down to 1.3027, as of writing. Also driving the EUR lower are IMF Lagarde’s comments that the ECB clearly has room to ease more and a rumor that a French bank may be in trouble.
Read more Previous

Forex: EUR/JPY pressured below 128.00

The EUR/JPY fell below the 128.00 as the US manufacturing survey by Philly Fed was released along with IMF Lagarde’s remarks that the ECB clearly has room to ease more. Also, a rumor that a French bank may be in trouble is leaving investors apprehensive. The cross dropped to 127.58 session low, but is now quoting around 127.75.
Read more Next
Start livechat