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Forex: EUR/USD eases to 1.3075/80 after US data

FXstreet.com (Barcelona) - The shared currency eased to the area of 1.3075/80 from levels just shy of the key mark at 1.3100 on Thursday, after the US Initial Claims dropped to 339K in the week ended on April 19, bettering expectations at 351K and down from previous reading at 355K (revised).

“Stability in commodity prices is helping EUR sentiment, while we continue to see peripheral bond yields move lower. An ECB rate cut may help boost expectations around a recovery in economic activity but it is hard to see it being viewed as a positive for the currency. EUR/USD should be capped ahead of 1.3200”, suggested the research team at Westpac.

At the moment, the cross is advancing 0.47% at 1.3077 and a surpass of 1.3130 (high Apr.19) would open the door to 1.3202 (high Apr.16) and then 1.3229 (50% of Feb-Apr slide).
On the downside, a break below 1.2997 (MA21d) would expose 1.2954 (low Apr.24) and then 1.2944 (MA200d).

Forex: USD/CHF recovers the mark of 0.9436/38 after US jobs data

The USD/CHF has rebounded off the 0.9420 level during US trading Thursday, following the release of economic data in the United States. In these moments the cross has managed to pare some of its losses to trade at 0.9436/38, whilst still incurring a loss of -0.32%.
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Forex: USD/CAD collapses to 1.0200

The US Dollar is currently trading lower against its Canadian counterpart following the better than expected US jobless claims data. The USD/USD has declined 35 pips in the latest minutes from 1.0230 to break down the 1.0220 support and test the 1.0200 area.
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