OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD trapped around 1.3000

FXstreet.com (Barcelona) - The single currency is trading in a consolidation pattern around the key mark at 1.3000 on Wednesday, ahead of the German IFO series due later. Market consensus expects all of the components to ease a tad in April, following the recent results in the euro zone fundamentals.

Ahead in the day, Italian retail sales will also be released followed by a 10-year auction. In the US, Durable Goods Orders will be in the limelight (-2.8% exp.).

At the moment, the cross is up 0.06% en 1.3006, facing the next resistance at 1.3085 (high Apr.23) ahead of 1.3130 (high Apr.19) and finally 1.3202 (high Apr.16).
On the downside, a break below 1.2972 (MA21d) would aim for 1.2963 (low Apr.8) and then 1.2936 (MA200d).

Forex Flash: RBA June cut looking good, risk will occur in May - NAB

After the softer-than-expected CPIs in Australia, NAB concludes that "we still expect the RBA to cut twice by 25bps by the end of the year, with our June call looking good at the moment for the first one, and a risk it will occur in May" said senior bank economist Robert Henderson.
Read more Previous

Switzerland: Mar UBS Consumption Indicator increases to 1.25 vs 1.24 in Feb

Read more Next
Start livechat